“Look After My Bills”

wowojulie

I keep seeing an advert on Facebook for an online company called “Look After My Bills”. Has anyone else heard of them or used them at all please?

onlyfoolsandparking

Not heard of them, why do you ask?

Merlin139

Just Google them and you will see they are an auto switching service.

Seen an advert on TV for them a few months ago.

I thinks its for people who cannot be bothered to spend anytime looking to see if they can save money.

victor2

Merlin139 wrote: »

Just Google them and you will see they are an auto switching service.

Seen an advert on TV for them a few months ago.

I thinks its for people who cannot be bothered to spend anytime looking to see if they can save money.

.... and are happy to give their bank account details along with authority to set up direct debits on their behalf to a relatively unknown company.

What happens if a disgruntled employee makes off with that data or hackers get into it?

onlyfoolsandparking

victor2 wrote: »

.... and are happy to give their bank account details along with authority to set up direct debits on their behalf to a relatively unknown company.

What happens if a disgruntled employee makes off with that data or hackers get into it?

Then the people who couldn't be bothered to spend any time trying to save money can spend some time trying to salvage what's left of their bank accounts

Takmon

victor2 wrote: »

.... and are happy to give their bank account details along with authority to set up direct debits on their behalf to a relatively unknown company.

What happens if a disgruntled employee makes off with that data or hackers get into it?

I would never recommend using a company like this but account details arn't exactly secret, they are printed on every cheque which are given to third parties all the time.
Plus if anyone sets up a Direct Debit on your account you can get any money back easily with the guarantee.

Robin9

LAMB are doing nothing that you can't do yourself in 15 mins every month - read your meter yourself and use comparison sites.

wowojulie

Thanks everyone. Hadn’t googled them so didn’t know they wanted your bank details... will steer clear! 😊

[Deleted User]

The two founders appeared on Dragons Den last year.all four Dragons were stupid enough to grab a share of this "new idea ". It is nt a new idea and I m better than them in working out who I want to switch to and I m the one who grabs the cashback/referral fee

victor2

Takmon wrote: »

I would never recommend using a company like this but account details arn't exactly secret, they are printed on every cheque which are given to third parties all the time.
Plus if anyone sets up a Direct Debit on your account you can get any money back easily with the guarantee.

From their "Privacy policy":

If you choose to go further and make the switch, we will require your name, address, telephone number and bank details, along with information relating to employment, so that the new provider can administer the contract.

Bit more information than is shown on a cheque. They also go on to list 5 partners they use for processing your data.

Nice idea, and Dragons' Den thought it was great, and I've even thought about offering a similar sort of service to (mainly elderly) local people who don't have or even want internet access, but soon realised they would have to entrust you with a lot of their personal information.

Takmon

victor2 wrote: »

From their "Privacy policy":
Bit more information than is shown on a cheque. They also go on to list 5 partners they use for processing your data.

Nice idea, and Dragons' Den thought it was great, and I've even thought about offering a similar sort of service to (mainly elderly) local people who don't have or even want internet access, but soon realised they would have to entrust you with a lot of their personal information.

I was just replying to the bit about bank details because some people think that they are very sensitive information and anyone can take money from your account if they have them, but in reality they can't.

Like i said i certainly wouldn't recommend anyone giving their details to a company like this which is completely unnecessary when you can get a better deal yourself.