Royal Mail Postal Strike Causes Credit Problems for Non Direct Debit Payers

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Companies often reward customers who choose to pay their bills or unsecured loans by direct debit, in several cases reducing the total payment amount due. But a number of those who have decided to pay by other means have now found that the postal strike has cost them a little extra, possibly giving them credit problems. "Many people are concerned that paying by direct debit takes away the control they have over their finances, which could lead to poor credit or even defaults and CCJ's" explains a spokesperson for http://www.creditproblemsnoproblem.co.uk. "However, those paying by direct debit are relatively unaffected by the postal strike, with their loan & credit card payments still being made through their bank on the due date".

Companies often reward customers who choose to pay their bills or unsecured loans by direct debit, in several cases reducing the total payment amount due.

But a number of those who have decided to pay by other means have now found that the postal strike has cost them a little extra, possibly giving them credit problems.

"Many people are concerned that paying by Direct Debit takes away the control they have over their finances, which could lead to poor credit or even defaults and CCJ's" explains a spokesperson for http://www.creditproblemsnoproblem.co.uk. "However, those paying by direct debit are relatively unaffected by the postal strike, with their loan & credit card payments still being made through their bank on the due date".

The estimated number of delayed or lost letters including credit card bills, loan agreements etc is rising as the Royal Mail postal strikes continue, with numerous families being hit with additional interest charges and late payment fees on their blacklisted loans when their expected bills don't arrive.

"Some consumers are concerned that companies, mainly energy suppliers, may overcharge them and increase their need for a loan if they pay by Direct Debit".

The supplier's estimate how much energy a consumer will use on average in the coming months and set up Direct Debit's accordingly.

"Since most companies only read meters every 18 months, these figures can be hugely inaccurate.

Consumers need not worry, as the direct debit guarantee means their bank must correct any mistakes, ensuring the consumer doesn't have to chase the company themselves to avoid any bad credit entries".

Should the direct debits continue to be too high, then this can be lowered by contacting the provider and advising them of the scenario, demanding that they reduce the repayments.

direct debit payments are a particularly good idea if you have a credit card or store card with a 0% offer. You are usually required to pay a minimum amount each month to keep your interest at 0% for the remainder of the deal, and a direct debit will cover this for you.

The direct debit guarantee also ensures that any change in date or payment amount of a direct debit must be advised of by the company in advance, and the direct debit can be cancelled by the consumer through their bank at any time.

"For several families it is too late to advise them to change the way they pay their bills or unsecured loans, as they have already been charged and are experiencing credit problems.

But for the majority of people, are advised by a spokesman for Credit Problems No Problem Ltd that they try to use internet banking and emails wherever possible to avoid further defaults that could lead to bad credit", thereby beating the post strike in one area at least.

Credit Problems No Problem helps out people who fear they have been blacklisted because of County Court Judgements (CCJ's) and Defaults.

Credit Problems No Problem holds a Consumer Credit Licence issued by the Office of Fair Trading. Credit Problems No Problem is also covered by the Financial Ombudsman.

Credit Problems No Problem is also registered with the Information Commissioner's Office for Data Protection.

For rapid help, phone 0800 412 5634 or visit
http://www.creditproblemsnoproblem.co.uk    

Notes for Editor:

http://www.creditproblemsnoproblem.co.uk

Credit Problems No Problem Ltd
Queensgate House
Exeter
EX4 3SR
United Kingdom

Tel: 0800 412 5634

Credit Problems No Problem was formed in 2003, bringing together a team of specialists that together offers 27 years of expertise to help applicants gain the unsecured loans they need.

From its UK head office in Devon, Credit Problems No Problem operates across Britain, sourcing loans for people with bad credit.

Credit Problems No Problem holds a Consumer Credit Licence issued by the Office of Fair Trading. The company is also covered by the Financial Ombudsman.

Credit Problems No Problem is also registered with the Information Commissioner's Office for Data Protection.

No fuss service - guaranteed.

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