Credit rating and switching energy companies

2 posts Page 1 of 1
Post Reply
 
 

jc4

User avatar
Posts: 62
Joined: Wed Apr 04, 2007 11:37 am
Location:
Post by jc4 » Fri Mar 28, 2008 9:25 pm
Quote
Hi, don't know if anyone else has come across this but we're on an IVA and pay our gas and electricity by monthly direct debit. The company we're with were charging us £54 a month but now want to increase it to £73 a month. We applied to switch to Atlantic Electric and Gas only to be told that due to our poor credit rating the only way they would accept us was if we paid £150 deposit, which we would get back after being with them for a year. Obviously, being on an IVA, we cannot afford to pay this amount. Does anyone know if this is now common practice with all energy companies? If it is then we are stuck with a £20 per month increase, thus making our IVA even less affordable.
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Fri Mar 28, 2008 10:41 pm
Quote
BT charged us a £50 deposit, but we have recently moved and started utilities with eletric,gas and water - all different companies and all have set us up new accounts with no deposit required. Shop around - you may even get a cheaper offer!
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
Post Reply
2 posts Page 1 of 1
Return to “postings for march”