Alliance and Leicester robbing bast****

MarkyMarkD

Thanks for the explanations and extra info, YB. I have never seen terms like MBNA's in this regard. But nor would I cancel a DD when I still had a balance on the card - what on earth is the point?

Far better to pay the balance LESS the DD amount by BACS or debit card, and leave the final remaining balance to be collected on the DD.

YorkshireBoy

MarkyMarkD wrote: »

But nor would I cancel a DD when I still had a balance on the card - what on earth is the point?

Agreed. I never cancel a DD unless...

1. I have received a zero balance statement, and

2. I have verified the account is closed (letter from provider, or by checking it's status is 'settled' on my credit report).

DestroyingAngel_2

I agree with YB's last post. If I were paying off my full balance and had a DD set up, I'd pay whatever was due plus the estimated interest, and I'd let the DD take my money as planned. Then, once I receive my statement I can see how much I've overpaid by, so I'd simply claim back a Credit Balance Refund straight into my bank account and THEN cancel the DD. It saves the palaver of returned DD fees, late fees etc etc.

MarkyMarkD

I was assuming you were repaying whilst it was still on 0%, so it's easier to deduct the DD amount from the balance and to pay the difference - so when the DD goes through, the balance is exactly £0.00.