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Can I cancel direct debit?
mose_2
Posts: 418 Forumite
Hi I have two direct debits coming from my bank account that I dont know what they are for. One is for Barclays insurance and one legal and general. They are something to do with house and life insurance but I have moved house recently and can't find any details for them to be able to ring them and cancel them direct. I can cancel the DD with my bank but I don't want anything to come back to bite me. How can I find out exactly what they are for so I can cancel them direct?
Thanks.
Thanks.
0
Comments
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You can cancel dds by simply instructing your bank, but that won't cancel the policies they are paying, and will result in the insurers chasing you for the money.
The dds must have some references on them, so contact the insurers and ask them to trace the payments and tell you what they are for. Then cancel the policies if you don't want them, make sure all cancellation fees are paid, then cancel the dds.0 -
Most companies will find you by your name and address so just call them and ask0
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