As energy bills are 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.

Don’t Pay’s ‘plan’:

“The Plan:

It's simple: we are demanding a reduction of energy bills to an affordable level. Our leverage is that we will gather a million people to pledge not to pay if the government goes ahead with another massive hike on October 1st.

Mass non-payment is not a new idea, it happened in the UK in the late 80s and 90s, when more than 17 million people refused to pay the Poll Tax – helping bring down the government and reversing its harshest measures.”

Why this so-called plan is reckless and misleading.

Other news

US inflation drops slightly to 8.5%

Mortgage affordability rules relaxed by Bank of England

UK will fall into recession this year and inflation will hit 13% say BoE

UK interest rates hiked last week by 0.5% (biggest jump in 27 years) to 1.75%

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 work harder for you…See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4

Learn how to get started as a first-time property buyer.

Open House South Herts is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood

A slowdown in the property market means more opportunities for buyers and investor!

Find out more about property investing.

You can learn the secrets of professional property investors who have built huge portfolios with other people’s money.

FREE TRAINING – BEGINNERS PROPERTY SECRETS

This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up.

Live training Wednesday at 7pm UK time.

CLICK TO JOIN THE LIVE ONLINE EVENT

https://bit.ly/3DlSlCL



NO MONEY DOWN VIRTUAL TRAINING WEBINAR

Virtual event - No Money Down Property seminar.

Click to register as places are strictly limited.

No Money Down isn't as difficult as you may believe... If you want to take the next steps and take advantage of the opportunities that have opened up to you in the past few weeks (massive increase in probate deals, the tsunami of pre-repossession lease options that are available right now and tenant buyer Rent2Own demand at an all time high due to inflation pricing the masses out of the market just to name a few), then join this free virtual training…



#property 

#propertyinvestment

#firsttimepropertybuyer

#interestrates

#freepropertytraining

#mortgages

#interestratehike

As energy bills are 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:
<ul>
<li>You have a contract</li>
<li>Energy companies can issue late payment notices to credit referencing agencies and forcibly enter your property to instal a pre-payment meter.</li>
<li>Risk of CCJ – County Court Judgement</li>
<li>Poor credit history can last for 6 years.</li>
<li>If you fall behind it will be difficult to catch up and pay the debt.</li>
</ul>
Don’t Pay’s ‘plan’:
“The Plan:
It's simple: we are demanding a reduction of energy bills to an affordable level. Our leverage is that we will gather a million people to pledge not to pay if the government goes ahead with another massive hike on October 1st. Mass non-payment is not a new idea, it happened in the UK in the late 80s and 90s, when more than 17 million people refused to pay the Poll Tax – helping bring down the government and reversing its harshest measures.”
Why this so-called plan is reckless and misleading.
Other news
US inflation drops slightly to 8.5%
Mortgage affordability rules relaxed by Bank of England
UK will fall into recession this year and inflation will hit 13% say BoE
UK interest rates hiked last week by 0.5% (biggest jump in 27 years) to 1.75%
Banks not passing on the last 5 interest rate rises to savers!
See: video  - <a href="https://youtu.be/5Z1DVXkCcfo">https://youtu.be/5Z1DVXkCcfo</a> to see what can you do to make more of your savings.
Make your money work harder for you…See: <a href="https://youtu.be/F4spqKpYZo4">6 Tips to get on the property ladder</a> - <a href="https://youtu.be/F4spqKpYZo4">https://youtu.be/F4spqKpYZo4</a>
Learn how to get started as a first-time property buyer.
<a href="https://www.facebook.com/estateagentswatfordelstreeandborehamwood">Open House South Herts</a> is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see <a href="https://www.facebook.com/estateagentswatfordelstreeandborehamwood">https://www.facebook.com/estateagentswatfordelstreeandborehamwood</a>
A slowdown in the property market means more opportunities for buyers and investor!
Find out more about property investing.
You can learn the secrets of professional property investors who have built huge portfolios with other people’s money.
FREE TRAINING – BEGINNERS PROPERTY SECRETS
This <a href="https://progressiveproperty.online/property-investing-secrets-webinar/AMB0427">Beginner Property Investing Secrets free training</a> webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up.
Live training Wednesday at 7pm UK time.
CLICK TO <a href="https://progressiveproperty.online/property-investing-secrets-webinar/AMB0427">JOIN</a> THE LIVE ONLINE EVENT
<a href="https://bit.ly/3DlSlCL">https://bit.ly/3DlSlCL</a>
 
NO MONEY DOWN VIRTUAL TRAINING WEBINAR
Virtual event - <a href="https://progressiveproperty.online/no-money-down-registration-1659002113/AMB0427">No Money Down Property</a> seminar.
Click to register as places are strictly limited.
No Money Down isn't as difficult as you may believe... If you want to take the next steps and take advantage of the opportunities that have opened up to you in the past few weeks (massive increase in probate deals, the tsunami of pre-repossession lease options that are available right now and tenant buyer Rent2Own demand at an all time high due to inflation pricing the masses out of the market just to name a few), then join this free virtual training…
 
#property 
#propertyinvestment
#firsttimepropertybuyer
#interestrates
#freepropertytraining
#mortgages
#interestratehike

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.  Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.  Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.   For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.&nbsp; Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.&nbsp; Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. &nbsp; For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips Podcast

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. 

Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. 

Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.  

For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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