We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Electricity company has allowed me to go back on direct debit, despite being in debt
Usually you are forced to use a pre payment meter but for some reason they have allowed me the option of going direct debit, why is this?
I havnt even finished getting below the 1000 or whatever debt mark.
Why do they do this why have they given me that option?
Im still on pre payment atm and I may go back on direct debit if I dont move out of this flat which is likely.
I havnt even finished getting below the 1000 or whatever debt mark.
Why do they do this why have they given me that option?
Im still on pre payment atm and I may go back on direct debit if I dont move out of this flat which is likely.
0
Comments
-
They have given you the option to take control of your own finances rather then them taking the responsibility of collecting the debt.
Where is the problem?
If you don't feel like you will be able to pay down the debt via direct debit then stay on the prepayment meter until the debt is fully repaid.
Being over £1000 in debt to your utility company does suggest that taking responsibility for your own finances didn't work out for you previously so may not work out for you again and you may be better off remaining on the prepayment plan.0 -
RelievedSheff wrote: »They have given you the option to take control of your own finances rather then them taking the responsibility of collecting the debt.
Where is the problem?
If you don't feel like you will be able to pay down the debt via direct debit then stay on the prepayment meter until the debt is fully repaid.
Being over £1000 in debt to your utility company does suggest that taking responsibility for your own finances didn't work out for you previously so may not work out for you again and you may be better off remaining on the prepayment plan.
None, no problem, isnt it strange that they would risk losing money though on someone with a poor track record, its very good of them to allow me such an option I just dont understand it from a business perspective0 -
They won’t lose any money as soon as you miss a payment they will put you back to prepayment, paying by DD both you and your supplier are better off
0 -
Unless you move home, you will not be able to move away from your supplier until the debt has been paid off. So they do have some leverage.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards