Can't switch supplier!

Alfiesmom

So after receiving numerous helpful emails from MSE i decided to switch energy supplier to save myself around £350 per year, I chose OVO as this was the best deal, after waiting around 2 weeks i had still not heard anything so contacted them to be told i had failed a credit check and i could not switch!! WTAF i have a few outstanding catalogue bills but not behind with any energy payments of anything. I then tried to switch to M&S who said i had failed credit check but i can switch if i pay a deposit!! I tried going back to Sainsburys (part of BG who I am stuck with) and they have also asked for a deposit of £125 for Electric and £90 for gas. Has anybody else had this where you try and swap to save money but because of credit check i now have to stay with the most expensive supplier??

footyguy

Alfiesmom wrote: »

... but i can switch if i pay a deposit!!...

So which is it? :huh:

Yes there are many people who would like credit and can't get it. Some people, like you, are allowed credit if they pay an up-front security deposit.
Deposits are returned after 12 months with interest. (assuming you keep up with your bills)

Good luck!

Alfiesmom

when i find a spare £215 down back of sofa i will gladly pay the deposit, Sainsburys are a sister company to BG so they want me to pay a deposit to stay with them! My BG bill even suggest i switch to Sainsburys Energy to save money but they want me to pay to do it!

giraffe69

If you owe money to catalogues or anyone else you are more of a risk to suppliers so they will take precautions either by declining or asking for a deposit as you have found.
Have you checked your credit report so you know a. if it is accurate and b. so you can plan to improve it?

Alfiesmom

Hi, the catalogues have a balance but have no missed payments, i also have 4 credit cards all within balance and no missed payments. I check credit report monthly and my score is rising every month. I could understand if i was trying to order an expensive tv or furniture but to be refused an energy switch is outrageous in my opinion!

ChaunceyGardiner

Try EDF, they’re not too choosy.