Quote:
Originally Posted by tophcfa
I am trying to figure out why someone would prefer to pay a monthly fixed amount, based on the highest annual monthly bill, versus simply going auto pay for the exact amount due? It only takes a few minutes each month to reconcile the billing statement to the auto pay and record and file information for your records. What is the advantage of this method, I’m always looking for ways to simplify life?
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Quote:
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My wife, before we were married, belonged to a women-only gym for a time. They reached into her account every month to take their monthly fee. However, this continued for a long time after they went out of business. Attempts to contact them to halt this were unsuccessful. According to the bank, at the time, we had to close out the account completely and open up an entirely different account to halt this.
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Two reasons:
Hacking of vendors auto pay account . .
Sense of payment control . . see second quote above
Lack of trust in vendors billing. .
but then I again, I posted something from ZeroHedge which I read. .