How best to deal with Direct Debit?

GetBackUpAgain

Hello all,

Only have one DB to sort out: a monthly payment for Internet.
The supplier requires 30 days notice in writing to cancel. If I did that, the last payment would default after I'm bankrupt.

What's the best way to deal with this kind of thing? Cancel the DB without notification before going BR?

Thanks for any advice.
Ajay

IF

Hi Ajay, Do you not want to keep the Internet with this provider? Have you opened a Coop Cashminder or Barclays basic account?

If...x

GetBackUpAgain

Thanks for answering. No, I have no other account to transfer the DD to at the moment.
I'll contact the provider and find out if I can cancel the DD and pay another way the final payment.

SteveABC

I cancelled all my DDs before BR. The following month I paid the ones I could in cash. On the day of my BR, I opened a Co op cashminder account and set them all up again (for some there wasn't even a month's break) The Co op account only took 7 days to open.

You could just ring the Internet provider after the last DD (but before your BR, while you still have the old account), tell them you are in the process of changing bank accounts (they don't neeed to know why). Pay the following month over the phone with your debit card and set up the DD again when the new account is open.

You just need to align all your dates.

Good luck.

Ineedaname

I opened my Co-Op account a few weeks prior to going BR so that all DDs/SOs and income payments were transferred over and the account fully up and running.