Resolved Question

Can I pay in advance for my gas & electric?

Hiya
Im with Scottish Power & pay quarterly just wondered if I pay more than my bill is would it take it off my next bill or would they try to refund me?
Thanks
xXx

Best Answer - Chosen by Asker

if you pay more they will roll it over to your next bill so you will always be in credit. they will not refund you!

I have budget payment cards for my gas and a key for electric so i never owe electric but with my gas i pay £15 a week and then i know my bill will be covered and i always have some in credit

There are currently no comments for this question.

Other Answers (5)

• I am in the US, but every time I have overpaid any of my utility bills, they applied the extra a a credit on my next bill. I don't see why it would be different in the UK. You can always ask Scottish power. I suspect there is a phone number on the bill for this type of question.
• My old Mum had cards for her electric and gas, she paid money on them through her post office. I'm not sure how it works (she was not on a prepayment meter) and when she died they gave me her money back.
  Try asking at the post office.
• Manage your own money, don't trust a utility CO. to manage your money for you.

  Source(s):

• No it would just put you in credit and come off the next bill, if your not sure why not give them a call or email and see.
• on 2 your next bill, no problem

Resolved Question

Halifax refusing to accept debt repayment plan saying they are not willing to help with large amount?

i have a debt of £15,700 with the halifax since august 2009 i have called numerous times to negotiate a repayment plan but they wont accept, unless i pay a substantial amount first, they want to pass it on to debt collectors.
what can i do to avoid debt collectors?
i do want to clear debt but with an amount i can afford i.e £200 monthly

Additional Details

i did offer up to £600 with no luck.

4 days ago

Best Answer - Chosen by Asker

well if u can offer to pay £600 why not pay it off of the debt in the first instance? even if u had a loan of £15,700 the monthly repayments would only be around £300/£400 anyway.....

i cant see why they are not accepting your repayment offer?
just wait for them to get debt collectors on to you and then make the offer tot hem, keep back the money u were willing to repay them each month, then by the time u have any contact with a collection company u will be able to pay off a lump sum in one go.

if your still not happy contact the cccs or cab for help

There are currently no comments for this question.

Other Answers (1)

• Would £200 per month even cover the interest on £15,700? Unless you've got an interest rate of just over 1% (which I doubt), the debt will just keep getting bigger so I can understand why they would not find that acceptable. Even if the debt was frozen, with NO interest accruing, it would take you six and half years to pay it off, provided you can keep up the payments.
  
  I am sorry you find yourself in this situation but I don't think, from what little we know, that the Halifax is being unreasonable. Sometimes, we have no choices and have to take the consequences, grit our teeth and be determined never to get ourselves into that situation again. Hope you find a way through it.

Resolved Question

Could I become a millionaire by buying and selling domain names?

I am 18 years old and I'm looking for a business I could do until I turn 21, and I think that domain name buying and selling could be the answer to make a business out of what little money I have. What I'd like to know is, is it possible to become a millionaire out of doing this?

Best Answer - Chosen by Asker

Maybe if you know what you are doing. I doubt it though.

There are currently no comments for this question.

Other Answers (2)

• Yes, but it's hard work! I actually wrote a blog post about this method of making money (see below for the link). You can make a few hundred dollars with each domain name by doing this, and it'll greatly increase your chances of making a sale. The less effort you make it look like the buyer will have to do, the better.
  
  Keep it up consistently for three years and you *could* become a millionaire. That's about $333,333 a year. You'd have to make about $28,000 a month, so if you list domain names for $200, you'd have to sell 140 each month. If you list them for $800, you'd have to sell 35 each month. You see my point... increase what you're offering and the quality of your product, you can increase the price, and decrease the amount of work you'll have to do to get that first million. :)

  Source(s):

• Sure, if you find out the name of the next big corporation or product and buy the domain before they get to it. Otherwise, probably not.

Resolved Question

Child's bank account with cash card?

Is it possible to open an account for my son which allows him to withdraw his own money via a cash card? He can be trusted, even though he is only 10; in fact he is better with money than me....
I bank with HSBC but they don't seem to do it.

Additional Details

I know HSBC do kids accounts from 11yrs but my son is 10; are there any banks that do it from 10??

4 days ago

Best Answer - Chosen by Asker

Most childrens accounts that come with a cash card are for children aged 11 years and over, but there are a few accounts that are for younger children.

Some of the best ones include:

NatWest - Young Saver
Nationwide BS - Smart
Abbey - Flexible Saver for Kids
Bradford & Bingley - Flexible Saver for Kids
Britannia - Firstsaver

There are currently no comments for this question.

Other Answers (3)

• Yes honey you can open a smart account at Nationwide Building Society.
  A smart account has a restriction of £100 cash withdrawal per day. However with a smart account you can have either a passbook or card and pin number and use it as a first time bank account.
  
  You will need 2 forms of ID to open the account. If you are customers of Nationwide, you will just need your childs birth certificate, however if you are not, you wll need id for yourself and his birth certificate!
  
  Nationwide are fab - would reccomend them to anyone!
  
  Hope this helps

  Source(s):

• we just opened an account at Lloyds/TSB for my 12 year old daughter. She had had one at HSBC with a cashpoint card for a number of years so I know they do do it. The account at Lloyds/TSB is better though and have given her a proper debit card with a chip. Go back to HSBC and check your facts as I know they do it, both my kids have had one there.

  Source(s):

• normally yes, but usually they're is a withdrawl limit

Resolved Question

I wonder if any of you can tell me more about zopa.com is safe to lend money whit them?

Best Answer - Chosen by Asker

Ive looked at it and turned it down. The risk is too high for the reward. Thats my personal view. There is no guarantee that you will get your investment back, you could loose the lot. Can you asses the true credit worthiness of the people you loan to? I cant.
The reward 8%. I can get that sort of yield on a corporate bond fund plus a capital gain of 26% over the last 9 months (OK that was a bonus).

well i only put £100 in to the game so i can see how it will end up. I have a lot more to invest but i'm not sure where to invest apart from ISA and a Regular saving .
Any ideas for earning extra income? Thank you Report Abuse

Other Answers (0)

No other answers.

Resolved Question

What's the best student bank account at the moment?

I'm going to uni and am just wondering what's the best bank.

Thanks :D

Best Answer - Chosen by Asker

The best for interest free overdraft is HBOS which gives a limit of £3000 from day 1.

There are currently no comments for this question.

Other Answers (0)

No other answers.

Resolved Question

Can anyone define: assets, liabilities, expenses and capital?

in simple english please. tried googling, but don't really understand some of the definitions, and would also like to hear what other people think. thanks!

Best Answer - Chosen by Asker

Assets relate to all property, goods, staff, stock etc held by a company. They have a monetary value, either the cost paid, wage paid or resale value.

Liabilities include money you owe, tax you have to pay

Expenses include all items not already covered under Assets. These might be travel/petrol costs, meals, expenses claimed by staff

Capital is the amount of money invested into a company, ie share capital, It also covers savings, this is not related to cash flow in any way.

Cash flow is the amount of money you have coming into your company, the money that can be drawn upon to pay your staff or creditors, when purchasing stock, you increase you assets, when paying staff you increase your assets

Hope this helps, I am not an expert and accountancy is like some weird other world to me, but I run my own company so I have had to glean some knowledge.

There are currently no comments for this question.

Other Answers (0)

No other answers.