We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Switching suppllier - Debt to old one

Lukey84
Lukey84 Posts: 18 Forumite
in Energy
Hi,

sorry if thsi has been asked previously but cant find anything.

I have been looking at switching today but our accounts are in debit to our current supplier. Can I switch and transfer the debt to the new supplier or will they not allow it?

Currently dual fuel with british gas if it helps.

thanks

Comments

  • cajef
    cajef Posts: 6,283 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Simple answer no, they will not allow it.
  • victor2
    victor2 Posts: 8,202 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper
    Depending on the size of the debt, they may allow you to switch, or may block it.
    Either way, you owe BG the money and will continue to do so, unless they choose to sell the debt on to another party.

    I’m a Forum Ambassador and I support the Forum Team on the In My Home MoneySaving, Energy and Techie Stuff boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. 

    All views are my own and not the official line of MoneySavingExpert.

  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You can't transfer the debt, no. The supplier may block the switch if the debt is over a certain level, usually around +£200.
    No free lunch, and no free laptop ;)
  • Lukey84
    Lukey84 Posts: 18 Forumite
    thanks for all the replies, thats what i thought.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture