📨 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!

Suppliers wanting payment in advance.

SamNRG
SamNRG Posts: 22 Forumite
Hi,

Does anyone know which suppliers take direct debits in advance? Looking to switch, but I do know some of the cheaper suppliers take money on the day of switchover, so would like to avoid.

I don't think comparison sites mention this next to supplier names or tariff details, so am a bit unsure.

Cheers

Comments

  • Neil_Jones
    Neil_Jones Posts: 9,961
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    As a general rule outside of the Big Six, most smaller suppliers will require a month's payment in advance.

    There's no major issue with this, it's one of the reasons why they are cheaper. If you really want to avoid this I fear your options may be limited as to who you can go to.
  • footyguy
    footyguy Posts: 4,157
    1,000 Posts Combo Breaker
    Forumite
    SamNRG wrote: »
    Hi,

    Does anyone know which suppliers take direct debits in advance? Looking to switch, but I do know some of the cheaper suppliers take money on the day of switchover, so would like to avoid.

    I don't think comparison sites mention this next to supplier names or tariff details, so am a bit unsure.

    Cheers

    Some do. Check out the MSE Cheap Energy Club or energyhelpline for example.
    You may need to look into the tariff detail, but EHL at least shows it on the comparison list.e.g. Monthly in Advance DD
  • backfoot
    backfoot Posts: 2,700
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    SamNRG wrote: »
    Hi,

    Does anyone know which suppliers take direct debits in advance? Looking to switch, but I do know some of the cheaper suppliers take money on the day of switchover, so would like to avoid.

    What is the problem with this? Have you quantified what the financial impact is? Basically, it's very small.

    The potential cost from limiting your choice is far higher.

    How much is your monthly direct debit?
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
  • 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
  • 263.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards
Quick Search

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.