E.ON_Company_Representative:_Malc wrote: »
Hello DashDotCom and welcome to the Forums. Sorry to intrude but thought I might be able to offer some suggestions to help with your energy bills.
Do you pay with a Monthly Direct Debit? If you don't, you can save about £35 per fuel per year by paying this way. These can be set up through our website and there's also an online tool called the Direct Debit Manager that gives you more control over the arrangement. You can track what you're paying against the energy being used and make changes to the monthly amount to better suit different circumstances.
Keep on top of bills by letting us have regular meter readings. Helps stop unexpected high bills once we receive an actual reading after a series of estimates. You can do this online through our website. If you wish, you can even create your own bill through our online Real Time Billing tool.
Is there an outstanding balance on the account? If there is, talk to us about a payment arrangement to spread this over a longer, more manageable period. If there are arrears, we might be able to help with these through the E.ON Energy Fund. The fund can also help with replacement white goods like cookers, fridges, freezers as well as helping to repair or replace gas boilers. There's more information on our website including what's needed to qualify and an application form.
Make sure you're on the best deal for you. Pop your annual usage in kWh into the Price Comparison sites. See what's best.
A great way to save money is by saving energy and we can help with this too. There are lots of tips on the Saving Energy pages of our website. There's also the Energy Company Obligation (ECO). This is a Government led scheme that aims to cut usage by providing help with energy saving stuff like loft and cavity wall insulation. Again, more about this on our website.
Sorry if you're already doing this stuff and I'm trying to teach you how to suck eggs. Hope it helps, though, and congratulations on your engagement.
Best of luck DashDotCom.
DashDotCom wrote: »
Thanks for getting back to me.
It's been a lovely Christmas thank you.. even though Santa didn't leave us any presents this year I refused to let that put me in a bad mood.
I have gone through the debt remedy tool and have been recommended an IVA...
Must admit an IVA sounds alot scarier than a DMP. As mentioned in my previous post, I don't really know what they both entail but am I right in thinking they're both very similar arrangments in that I would give a monthly amount to SC. SC then distribute that money to my creditors. The only difference with a DMP/IVA is that the IVA will only be paying back a portion of the debt? Whereas the DMP pays it all back?
There also seem to be alot more repercussions with an IVA in that some employers do not allow you to enter into one?
Thanks for all the help everyone.
ElJayEss wrote: »
I have 2 credit cards and a PayPal Credit account. I owe £220 on 1 credit card (NatWest) and £2000 on the other (Capital One), and £1000 to the PayPal account.
I'm able to keep up with minimum payments with all but the interest on the Capital One card is ridiculous. I was sent a lovely letter from Capital One telling me if I kept up with the minimum payment I'll have my card paid off in 24 years!
I'm thinking of getting a consolidation loan, but due to being part time and having a low credit score I'm limited to where I can borrow, same goes for balance transfer cards.
What would be the best course of action? Myself and my partner are looking to save for a house, and I really don't want to be paying off my credit card until I'm in my 50's!
farquarpigmix wrote: »
I had a phone call to try & pays my debts off.
2) Secured loan
As you will see from number 2 I was shocked they would suggest it.
StepChange_Linsi wrote: »
Thanks for your post.
It’s great to hear you’re staying positive even if Santa did miss you off his list this year. Hopefully he’ll make it up to you next year.
You’re right, both IVAs and DMPs involve making affordable monthly payments through ourselves. With a DMP you repay all your debt but with an IVA any remaining debt is written off after an agreed period of time (usually 5 or 6 years).
An IVA is a bit more complex so I can understand why it seems the scarier option, but when its the right solution it has lots of benefits too.
The majority of people can have an IVA without it effecting their employment, but there can be some exceptions for example you can't be the trustee of a charity. It’s always worth checking your contract of employment for before you decide what to do next.
If you have any other questions or if you'd like to discuss your options in a bit more detail then I’d recommend getting in touch. You can find our contact details in your personal action plan or on our .
All the best,
DashDotCom wrote: »
Thanks for the quick explanation.
I must admit, although it sounds scary I'm sure it wont be too bad for too long.
I have spoken to a colleague of yours this morning who has run through the preliminary criteria I assume (Not trustee of charity etc) and was then offered an appointment to speak to an IP Specialist? The only times given for this phone discussion are Monday - Friday. As I am in such a predicament with my finances I currently work 8 - 5 Monday to Friday and some Saturdays. I understand these discussions can last up to an hour and a half which is time I cannot commit to. Would there be any alternatives you could recommend at all?
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