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No_Money

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Post by No_Money » Tue Nov 15, 2011 5:11 pm
I currently have both my gas and electric with First Utility. Because I have both with them I get a discount. I choose to save te full discount till the end of the year instread of a monthly one. The problem I have is I am due a rebate now of £185 next month ( monthly bill £95.. Can i just keep the extra or do I declare it?
Officially debt free as of 10th Feb 2015
 
 

kallis3

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Post by kallis3 » Tue Nov 15, 2011 5:17 pm
Do you have a windfall clause? Check your paperwork but you might be able to keep it. You could mention it to your ip to be on the safe side.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Foggy

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Post by Foggy » Tue Nov 15, 2011 5:40 pm
...or ask them to credit it to your account to help over the colder months to come.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

James Falla

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Post by James Falla » Tue Nov 15, 2011 6:30 pm
As Foggy says, the best thing to do would be to ask the utility company to credit your account so the money does not come to you directly and is there to compensate when you use more fuel or prices go up. If you receive the money as a cash lump sum payment them you will have to tell your IP and let them decide what to do with it.
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No_Money

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Post by No_Money » Tue Nov 15, 2011 7:13 pm
Works out at £15 pm , wish i'd asked for the deductions monthly now!
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MerlinL14

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Post by MerlinL14 » Tue Nov 15, 2011 7:40 pm
Last year my dual fuel credit came to well over £300 my IP allowed me to keep it as it was below the £500 threshold and was budgeted for in my I&E.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
 
 

Foggy

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Post by Foggy » Tue Nov 15, 2011 7:42 pm
Not everybody has the £500 threshold, so it's worth checking your proposal.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

plasticdaft

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Post by plasticdaft » Tue Nov 15, 2011 8:21 pm
As its been saved off your approved i&e your ip would be hard pushed to justify it being a windfall!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

No_Money

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Post by No_Money » Tue Nov 15, 2011 10:14 pm
I have the £500 windfall clause so should hopefully be fine
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kallis3

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Post by kallis3 » Tue Nov 15, 2011 10:27 pm
I think you'll be ok then.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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