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British Gas security deposit

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Hello

If BG ask for a security deposit.. Is this then paid back at a later date or mean that your account is £xxx in credit?
Oxfordmark

Home owner from Friday 26th July 2013!
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  • Alias_Omega
    Alias_Omega Posts: 7,912 Forumite
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    unsure, we had to leave £300 as a deposit on the quarterly meter.

    Should get this back soon, but it will probably be an account credit, than return the cash to us.

    To get it back, we probably need to change suppliers where a cheque would be issued.
  • oxfordmark
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    Just been told they keep it for a year and return it with interest 1% under your banks rate..
    Oxfordmark

    Home owner from Friday 26th July 2013!
  • oxfordmark
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    Just been told the following:

    Gas £125.00
    Electricity £548!!!

    £673!

    How can they expect anyone to pay this?
    Oxfordmark

    Home owner from Friday 26th July 2013!
  • KimYeovil
    KimYeovil Posts: 6,156 Forumite
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    oxfordmark wrote: »
    Just been told the following:

    Gas £125.00
    Electricity £548!!!

    £673!

    How can they expect anyone to pay this?

    If you can not afford to pay that then how on earth will you pay the quarterly bills? If you can not afford to pay the deposit then you should not be given credit meters and allowed the risk of running up a debt you can not pay.
  • oxfordmark
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    I would prefer to pay DD...

    Im sure not everyone could pay this in 1 go!

    Thats like a whole years worth of bills in 1 go!
    Oxfordmark

    Home owner from Friday 26th July 2013!
  • oxfordmark
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    How do they work out the SD?
    Oxfordmark

    Home owner from Friday 26th July 2013!
  • KimYeovil
    KimYeovil Posts: 6,156 Forumite
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    You normally do not need to pay a security deposit. It is only payable by those with a poor or no credit history. Lots of things are more inconvenient and expensive if you either abuse previous credit or have no history of managing a debt.
  • oxfordmark
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    KimYeovil wrote: »
    You normally do not need to pay a security deposit. It is only payable by those with a poor or no credit history. Lots of things are more inconvenient and expensive if you either abuse previous credit or have no history of managing a debt.

    Im not sure if its worth paying this or not..
    Oxfordmark

    Home owner from Friday 26th July 2013!
  • storminbalder
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    KimYeovil wrote: »
    You normally do not need to pay a security deposit. It is only payable by those with a poor or no credit history. Lots of things are more inconvenient and expensive if you either abuse previous credit or have no history of managing a debt.

    Only because Thatcher privatised them in the first place. There is no public ethic anymore, just profit profit profit. I'd personally like to see re-nationalisation for the whole bally lot of them - with no compensation.

    Your other post wasn't really helpfull either was it.

    The deposit is outrageous, scandalous, ridiculous. Death to the British Gas and all other capitalist pigs.:j
  • oxfordmark
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    So.. im on Click Pay As You Go Energy.. Is it worth paying the security deposit and moving to Click 6 energy?
    Oxfordmark

    Home owner from Friday 26th July 2013!
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