Help with rising fuel costs?

Pippa12345

Does anyone know if we can refuse this £200 debt in October? And if so, how? 

GingerTim

Pippa12345 said:

Does anyone know if we can refuse this £200 debt in October? And if so, how? 

As far as anyone knows so far, it's universal and there is no mechanism to decline it.

daveaspy

luvchocolate said:

Properties tax bands usually change on sale of property, so if you do a massive extension you would pay no more...but upon sale the new owners get the shock of higher banding 

yeah - we moved into a band D property 2 years ago, and it moved to band E within two months  We dont have much left at the end of the month but wont benefit from this A-D rebate

Aylesbury_Duck

Pippa12345 said:

Does anyone know if we can refuse this £200 debt in October? And if so, how? 

Why would you do that?  It's an interest-free loan, not a debt in the normal sense.  You'll receive a £200 deduction to your October bill and then pay slightly more over time.  All it's doing is smoothing out the price increase.  If you could refuse it, you'd have a higher bill in October and slightly lower bills thereafter.

Pippa12345

Aylesbury_Duck said:

Pippa12345 said:

Does anyone know if we can refuse this £200 debt in October? And if so, how? 

Why would you do that?  It's an interest-free loan, not a debt in the normal sense.  You'll receive a £200 deduction to your October bill and then pay slightly more over time.  All it's doing is smoothing out the price increase.  If you could refuse it, you'd have a higher bill in October and slightly lower bills thereafter.

Because Martin Lewis anticipates further rises in the price cap over the next two years and adding £40 on top of those rises will be extra tough. I'd rather not incur the debt personally and think we should have the choice not to be forced to take on a loan. 

Aylesbury_Duck

Pippa12345 said:

Aylesbury_Duck said:

Pippa12345 said:

Does anyone know if we can refuse this £200 debt in October? And if so, how? 

Why would you do that?  It's an interest-free loan, not a debt in the normal sense.  You'll receive a £200 deduction to your October bill and then pay slightly more over time.  All it's doing is smoothing out the price increase.  If you could refuse it, you'd have a higher bill in October and slightly lower bills thereafter.

Because Martin Lewis anticipates further rises in the price cap over the next two years and adding £40 on top of those rises will be extra tough. I'd rather not incur the debt personally and think we should have the choice not to be forced to take on a loan. 

Ah, I see.  But surely you just put the £200 aside - in a different account if you have to - to cover the five lots of £40 you'll incur later on?  You're still "spending" the money, by putting it out of reach until it's due to be paid.

Pippa12345

Not so easy when on the lowest incomes. I just have the one basic bank account and sometimes things need replacing and currently I do without until the money is there. The £200 wouldn't be sitting there for the five years while the loan is paid off. I'd rather not have the debt. What loan company forces you to take out a loan? Only our current government. 

MattMattMattUK

Pippa12345 said:

Not so easy when on the lowest incomes. I just have the one basic bank account and sometimes things need replacing and currently I do without until the money is there. The £200 wouldn't be sitting there for the five years while the loan is paid off. I'd rather not have the debt. What loan company forces you to take out a loan? Only our current government. 

It is not a debt in a traditional sense, it is not specifically related to you, it is not on your credit file, it is really just a very random way to give people an upfront discount, followed by a later price hike. 

The government forces people to take out loans and repay them. The government borrows billions every year, then saddles those working with the repayments, that is the naturel of society in a poorly run country, which the UK has been for 80 years. 

brian_riches_2

It’s wrong that any government can break into your energy account and force a customer to take a £200 loan . Surly this must be illegal 

adam06_2

It doesn't feel right all these people in bracket E winging about not getting their council tax discount on a thread started by someone on disability allowance that only just gets enough to live on!

If your in a council tax e house it's probably massive.. you always have a choice to sell and move somewhere smaller to free up a large amount of money or take a mortgage holiday if needed. The original poster doesn't have the privileged options.