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Direct Debit payment

hotgosip
hotgosip Posts: 2 Newbie
Third Anniversary
in Energy
Just wondering should I increase my direct debit by 50% myself or wait for British Gas to set my new monthly payment, after the raises on 1st April? Any advice will be gratefully received.

Comments

  • Robin9
    Robin9 Posts: 13,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Wait for BG to contact you - they will drive any changes 
    Never pay on an estimated bill. Always read and understand your bill
  • MWT
    MWT Posts: 10,701 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    I wouldn't just pick 50% as a number, do a little calculation based on your actual use over the last year and the tariff you are on now.
    Add/subtract your current debt/credit on your account and divide by 12, then compare that to your current DD and adjust accordingly.
  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    Without the details of your tariff and if it's fixed and when it ends, your usage on summer and winter months etc it's difficult to say but there is no harm doing that keeping it safe in a separate account or I like premium bonds and using it when needed.
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