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!

IWNL has said it will increase my Direct Debit by 50% from July

2»

Comments

  • born_again
    born_again Posts: 20,927 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    Browntoa said:
    Credit score 

    Actually pay more for it for not having a,direct debit 

    Sounds like a, winning strategy 

    Go ahead and do it 
    Credit score means nothing.

    It would be OP's Credit History that would be effected, as it would list a missed payment for each DD not paid & they might also incur a fee from water co for each missed payment.
    That is something lenders see live on their systems & would have a massive effect on the chance of any credit.
    Life in the slow lane
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.