Pay Day Loan Confusions and utility bill

lolavix

I had this problem with Eon in a 1 bed flat - we owed them £1400! Ended up paying ot off at £70 a month, much better to arrange something with the company than try and borrow elsewhere.

katsu

aaronblogjohns wrote: »

hahahahaaa yeah id love to just use less. 2 bed flat me and my gf work full time. there is no gas the whole place runs on electric. we only have an emersion heater. its on from 2am till 6.30 am then we use the booster in the morning. you wanna see the meter going when we put it on..its crazy.:)

2AM to 6.30AM seems odd hours to have the heating on - surely you are asleep for most of it? Isn't the immersion heating your hot water tank which feeds the taps, rather than heating the rooms?

Check the thermostat on your hot water tank - 60C is hot enough, and look at reducing the time it is heated for.

Do you have economy 7 heaters? Maybe get some advice from the utility forum here on how to cut your costs as we spent about 1/3 of your spending on our old flat, which was all electric.

Also - enter meter readings regularly and it will help prevent surprises when the bills come.

immoral_angeluk

Is the bill estimated? Is the meter working correctly?
Who is your supplier? They may have a charitable grant trust that you could apply to....

But most of all do NOT get a payday loan to pay this until you've checked all of the above! And even then I wouldn't recommend it. How will you pay the payday long back in a month's time if you can't afford to pay the bill now?

Glennn

katsu wrote: »

2AM to 6.30AM seems odd hours to have the heating on - surely you are asleep for most of it? Isn't the immersion heating your hot water tank which feeds the taps, rather than heating the rooms?

Check the thermostat on your hot water tank - 60C is hot enough, and look at reducing the time it is heated for.

Do you have economy 7 heaters? Maybe get some advice from the utility forum here on how to cut your costs as we spent about 1/3 of your spending on our old flat, which was all electric.

Also - enter meter readings regularly and it will help prevent surprises when the bills come.

Don't know much about them but a friend has a similar type of heating. It sort of "charges" through the night when its cheaper then releases the heat through the day.

I would also get it checked out, switching might not help. £100 interest on a payday loan may cancel out your savings......

asbokid

aaronblogjohns wrote: »

Basically, I need a quick loan until I get paid to cover (surprise surprise), a HUMONGOUS electricity bill. I've been paying £75 a month and the yearly settlement is another £450. And I only live in a 2 bed flat!

If you're serious and genuine, Aaron then do NOT take out a PayDay loan.

Contact the utility company immediately.

All of them offer sympathetic plans for recovering debts.

All of those plans are preferable to the (unpublished and unenforceable) terms of a payday loan.

The utility company often installs a pre-payment meter, for example.

The tariff of the meter is tweaked upwards so as to recover the debt gently over time.


wonga and the other rogue lenders will bleed you dry and then stab you in the back.

They are the scum of the finance industry.

Here are few reviews for wonga.. (step over the two obviously bogus reviews from wonga operatives)..

http://www.debt-line.net/wonga

simon2010

Quickquid are the best PDL company out there.



But don't use them, they are all f'ing con!

Poosmate

You could easily knock 2 hours off your water heating time and if you change the timing to 5am to 7am you most likely wouldn't need to use the booster in the morning either.

I think part of your problem has got to be that you need to become more fuel efficient otherwise your problems will follow you whoever your decide to switch to.

Think about how you use your electric. Don't leave lights on in rooms not used, change bulbs to energy saving bulbs where possiblt, turn everything off at the switches (i.e. don't leave on standby), if poss reduce the heating of rooms not used or don't heat them at all. If you have a mega multi bulb light fitting try turning it off and get a lamp for some ambient lighting rather than the "lit up like a Christmas tree" look. Don't underestimate all the little things you can do to reduce your bill considerably.

Poo