Energy bill warning: Cancelling direct debit payments result in ‘long-term consequences’ | Personal Finance | Finance
“However, I’m gravely concerned about the long-term consequences of not paying energy bills for individuals.”
The personal finance expert outlined specifically what will happen if someone opts to not pay their energy bills.
She added: “If you don’t pay your bills for months on end and ignore all requests from your energy provider for payment, your provider could issue you with a County Court Judgement (CCJ), which will be kept on record and appear on your credit report.
“Unless you pay what you owe within 30 days of receiving a CCJ, it will stay on your credit report for six years, meaning it will be challenging to apply for credit during that time, making it much harder to get a mortgage, loan, credit card or even a mobile phone contract.
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