The Primary Difference Between The Gas And The Electricity Bill?

Electricity and Gas Bill

Utility bills are one of the expenses that you must be aware of every month. This bill usually comes with many different components and each of them can be quite confusing. Most people get confused by the line item amounts and assume that they are simply making their monthly payments on the principal. But the difference between the amounts for a gas and electric bill is quite significant and often the utility company offers rebates on electricity and gas when you switch over to their service. So, what is the primary difference between the gas and the electricity bill? Read on to find out.

 

Gas and Electricity

First, let’s see what these bills really represent. The amounts you pay for your gas and electricity bills actually depend mostly on usage. As a general rule, the figure on your gas and electricity bills is related to your usage of electricity and gas, which in turn increases with the size of your house. On the other hand, water bills are more or less fixed based on water usage. For example, people who use a lot of water for drinking and cleaning will naturally pay more for water than people who use lesser water for similar purposes. So, let’s consider some factors affecting the water usage and the corresponding water bills.

 

Credit Scores

One major difference between the utility bills and the credit scores is the extent of credit coverage. People with better credit scores will typically pay lower amounts for their gas and electricity than those with bad credit scores. However, this isn’t always true. You can pay slightly higher for gas and electricity if you own a house with better credit scores, but it depends on the type of credit score. If you pay lower than average or above-average gas and electricity bills, you can expect to pay even lower. This is because people with better credit scores have better credit standing with the lenders, so they are less likely to default on their home loans or default on the payments for their electric and gas supplies.

 

Why is a Credit Score Important?

There are many other considerations, such as your health, your age, and your neighborhood. These are all important factors that contribute to your overall financial situation. However, having a high credit score indicates that you pay your bills on time every month. This is why financial institutions, such as banks, issue credit cards and loans to individuals with high credit scores. The credit card companies and mortgage companies, on the other hand, issue loans to people with lower credit scores.

 

the collection agency

One way you can get help with paying your utility bills is to contact the collection agency through which you receive your utility bills. If you are getting them by mail, call the collection agency to inform them that you did not receive the bill and ask to be re-addressed. In addition, if you are getting them by phone, leave a message with the collection agency explaining that you did not receive the bill. Ask the collection agency to send you a letter in a polite but firm manner indicating that they have your account, and request that they contact your credit card company to let them know that the account has been cleared. If the collection agency does not respond promptly, write a follow-up letter to the collection agency, letting them know that you still have not received the bill.

 

consult a consumer credit counseling service

There are two situations where unpaid utility bills may cause problems. First, if you do not pay the bill directly to the utility company, the company will pursue you for payment and this can result in harassment and threats against you. Second, if you do not pay your bills when they are due, your debt can grow to an amount at which it becomes difficult to make your minimum monthly payments. In these cases, it may be more practical to consult a reputable consumer credit counseling service rather than attempting to resolve the problem yourself.

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