Electricity Refund

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martgoingmad

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Post by martgoingmad » Mon Nov 01, 2010 10:37 pm
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Hello everyone,

Just found out that refund from edf energy is classed as a windfall. I was going to us it as Christmas money but now its going into the IVA. What a bummer!

Martyn [:(!]
To err is human. To teach 16-21 year olds is just damn crazy!!!
IVA Started October 2009.
33 months down - 27 to go
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Shining

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Post by Shining » Mon Nov 01, 2010 10:44 pm
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Oh not good if you had it earmarked for something, I wasn't sure of the rules of this but know now. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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kallis3

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Post by kallis3 » Tue Nov 02, 2010 6:32 am
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That's not good Martyn!
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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liverpig

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Post by liverpig » Sun Nov 07, 2010 3:51 pm
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Ouch! I have accumulated hundreds of pounds in gas and lekkie credit!!
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Pandy

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Post by Pandy » Sun Nov 07, 2010 3:56 pm
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liverpig, just reduce your DD to use it up so it is not money received.
If life is what you make it, I must have been in a strange mood when I made mine
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Shining

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Post by Shining » Sun Nov 07, 2010 6:51 pm
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That is an option Pandy but either way you'd have to declare next year your utilities were less to your IP as part of your review therefore having more disposable income.

I wrongly assumed any money saved from utilities you could keep but we live and learn. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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mole

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Post by mole » Tue Nov 09, 2010 12:14 pm
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Hi
If this was just indicated on a statement you can ask them not to refund you and just continue to build up this bank. Would be a nice something after your IVA completes or if you had an heating emergency (boiler, etc) you can draw it down and cover the costs.
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MRBLUESKY

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Post by MRBLUESKY » Tue Nov 09, 2010 7:06 pm
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i thought all positive balances above £150 were refunded after the financial year.and payments were adjusted for any other amounts.
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kallis3

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Post by kallis3 » Tue Nov 09, 2010 10:40 pm
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I think it depends on which company you use.
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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flow13

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Post by flow13 » Wed Nov 10, 2010 10:02 am
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We had some credit added to both our gas and electricity metres last month - not really a windfall though. Only £10 on each. Ah well every bit helps. (this was from British Gas). x
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
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kallis3

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Post by kallis3 » Wed Nov 10, 2010 12:03 pm
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Spend it wisely flow!
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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flow13

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Post by flow13 » Thu Nov 11, 2010 12:02 pm
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hehe! I konw - what to spend it on?? I think we will just use the spare money for gas and electric anyways. x
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
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liverpig

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Post by liverpig » Thu Nov 11, 2010 3:44 pm
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I am with British Gas, I spoke to customer services and 'posed' the question to them. I was told to just keep the credit going for the remaining term of the IVA and then when I have my completion to claim it then. She must have been asked this before as she was fully aware of how an IVA works.
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kallis3

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Post by kallis3 » Thu Nov 11, 2010 4:54 pm
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You might build up a nice little nest egg liverpig!
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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liverpig

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Post by liverpig » Thu Nov 11, 2010 7:23 pm
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I do hope so, 50 months left and I normally have about £10-30 credit each month depending on the brrrrrrrrr factor. We use next to no lekkie, we have no kids using it for laptops and consoles all hours of the night :-D
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