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Looking deeper into the charging structure in this country we wondered on peoples experience of incurring late payment charges on bills other than those for mortgages/financial products run by the banks.
We know that if your Direct Debit payment for your Mortgage or Loan repayment bounces you are charged;
1) by the bank holding your current account
AND
2) by the Mortage Lender /Credit card company etc for late payment
Do other companies, such as your Electricity company, Mobile Phone provider etc also charge late payment fees on your account if a Direct Debit payment doesnt go through on the original date ?
E-On for example state their right to charge a late payment fee if a payment is made after the due date, but in practise do they actually do this ?
Any thoughts / input into this would be most appreciated...if we can try and get a list of companies and their late payment charges/penalties then we feel it would show it is mainly the products provided by the banks which incur charges.
We know that if your Direct Debit payment for your Mortgage or Loan repayment bounces you are charged;
1) by the bank holding your current account
AND
2) by the Mortage Lender /Credit card company etc for late payment
Do other companies, such as your Electricity company, Mobile Phone provider etc also charge late payment fees on your account if a Direct Debit payment doesnt go through on the original date ?
E-On for example state their right to charge a late payment fee if a payment is made after the due date, but in practise do they actually do this ?
Any thoughts / input into this would be most appreciated...if we can try and get a list of companies and their late payment charges/penalties then we feel it would show it is mainly the products provided by the banks which incur charges.
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