Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Electricity debt, moving home.
Hi
I have a fairly sizable debt with my electricity which I pay off every 2 weeks with my usage,
I am moving back into my parents house so will not have anywhere to 'transfer' my bill to.
Can I have any advice on how I can arrange to pay off the debt separately and how to end my account seeing I have a debt?
I am on benefits so i cannot afford to pay much a week off the debt.
I have a fairly sizable debt with my electricity which I pay off every 2 weeks with my usage,
I am moving back into my parents house so will not have anywhere to 'transfer' my bill to.
Can I have any advice on how I can arrange to pay off the debt separately and how to end my account seeing I have a debt?
I am on benefits so i cannot afford to pay much a week off the debt.
0
Comments
-
The supplier will seek to collect the entire debt once you close the account at your current address, for obvious reasons.No free lunch, and no free laptop
0 -
You just close your account down to a closing reading you give and supply a forwarding address.
Then agree a payment plan. It just transfers from a live to closed debt.
Be wary that they may be more open to a quicker referral to a DCA on defaults.:rotfl: It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!:rotfl:0 -
Out of interest how much is the debt and how much are you paying off ever 2 weeks and how much for ongoing consumption?
When you move home your supplier may assume you are better off because you no longer have to pay for ongoing consumption and want you to pay it off quicker. As others have said, once they dont supply you one missed payment and they could well had it over to a DCA.IT Consultant in the utilities industry specialising in the retail electricity market.
4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).0 -
I suggest that you look to sign up for Fuel Direct (a deduction from your benefits paid direct to the supplier & a set amount of £3.55 per week plus ongoing consumption normally).
Unless the supplier has been taking more than that for debt previously they will be no worse off so should have no issue with it (doesn't really matter if they do once you're signed up)
I presume that you are not moving back in with your parents because you've suddenly become wealthy so this will prevent them from attempting to hassle you for more than you can afford
Good luck in getting back on your feet soon
http://cfe.custhelp.com/app/answers/detail/a_id/5488/~/information-about-fuel-direct0 -
This does not apply as they will no longer have a supplier.I suggest that you look to sign up for Fuel Direct (a deduction from your benefits paid direct to the supplier & a set amount of £3.55 per week plus ongoing consumption normally).IT Consultant in the utilities industry specialising in the retail electricity market.
4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards