Quote:
Originally Posted by Dilligas
Better than a credit card you should set up Electronic bill pay with your bank. You control who gets a check, you can set up auto reoccurring payments (same effect as creditor drawing from your account, but you control) for bills that are the same every month (like mortgages). I also set up reoccurring for credit cards at a small amount to cover any minimum payment level, to avoid missing a payment and getting a late fee charge. I don’t trust any company to tap into my checking.
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I have always declined having utilities draw directly from my bank account. When there is a billing mistake I prefer to have it corrected and then pay the proper amount. I do receive their invoices electronically and typically pay them immediately.
Did some consulting work for a utility a number of years ago and I have seen first hand the horror show when the billing software /application is badly designed.