Energy Bill Direct Debit - In Debit?

Jodzz

Morning all

Hopefully someone can help me...

I've just moved energy supplier to a cheaper deal and based on my consumption with the last supplier they set my DD payments at £44pm (fine).

I provided my 2nd set of readings yesterday, hence to get my first bill and I'd used £45.10 worth of energy.

I am now in £1.10 worth of debit (-£1.10).

Does this kind of thing affect my credit rating/count as a loan? I know a DD is meant to even out over the year when you pay the same amount in summer etc and are using less energy but because my first payment has fallen in winter when my energy usage is at its highest, is this going to have any negative impact on me?

Should I make a payment of £1.10? Or is this how the system works generally and it doesn't affect anything.

Sorry - this is my second year in my new house and my first year moving all of the bills etc. I don't really know how much works....

Looking forward to hearing back from anyone who can help (or point me in the right direction if I've posted in the wrong place...)

[Deleted User]

It's fine. That is how it works.

Jodzz

Thanks for the speedy reply, just needed the peace of mind to double check it was okay! Thanks again!

GingerBob_3

Jodzz wrote: »

Morning all

Hopefully someone can help me...

I've just moved energy supplier to a cheaper deal and based on my consumption with the last supplier they set my DD payments at £44pm (fine).

I provided my 2nd set of readings yesterday, hence to get my first bill and I'd used £45.10 worth of energy.

I am now in £1.10 worth of debit (-£1.10).

Does this kind of thing affect my credit rating/count as a loan? I know a DD is meant to even out over the year when you pay the same amount in summer etc and are using less energy but because my first payment has fallen in winter when my energy usage is at its highest, is this going to have any negative impact on me?

Should I make a payment of £1.10? Or is this how the system works generally and it doesn't affect anything.

Sorry - this is my second year in my new house and my first year moving all of the bills etc. I don't really know how much works....

Looking forward to hearing back from anyone who can help (or point me in the right direction if I've posted in the wrong place...)

The safest way to deal with utility providers is to use one that doesn't report you to the CRAs. Energy companies are almost as bad as mobile phone providers when it comes to malicious credit reporting. Try EDF or maybe SSE, or one of the smaller ones that don't report.

ceb1995

Our energy bill shows up on my credit report but the £8 we owed for a couple of weeks never did.

sargeantsalt

"Does this kind of thing affect my credit rating/count as a loan? ". Energy is not a loan. Energy is not consumer credit. If energy companies want to branch out into money lending, they need to obtain a credit licence from the FCA. It is not right that they mix energy billing with your credit file. Utility CRA reporting is a high risk of trashing your credit file, so switch to a company who does not do it.

KoshB5

ceb1995 wrote: »

Our energy bill shows up on my credit report but the £8 we owed for a couple of weeks never did.

CRA's get their data once a month from their providers, so the account status will normally be on the day the data is generated but it will depend on their processing rules. A CRA view is always a snapshot in time, providers don't send their data on the same day of the month as each other.