Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

As energy bills predicated to reach £4,000 per household and campaigners like Martin Lewis call for government action to stave off a national crisis, 100,000 people are threatening to cancel their bank direct debit payments to companies like EDF and British Gas. A campaign group, dontpay.co.uk, has almost 100,000 signatures of people who say they will refuse to pay their energy bills or cancel their direct debit mandate from October. Don’t damage your credit rating Things to remember before you cancel payment plans: · You have a contract · Energy companies can issue late payment notices to credit referencing agencies and forcibly enter your property to instal a pre-payment meter. · Risk of CCJ – County Court Judgement · Poor credit history can last for 6 years. · If you fall behind it will be difficult to catch up and pay the debt. Banks not passing on the last 5 interest rate rises to savers! See: video  - https://youtu.be/5Z1DVXkCcfo to see what can you do to make more of your savings. Make your money