MemberSince99 wrote:I don't believe in autopay and never use it for anything.
That's a personal choice. I generally don't like it either. But it has its advantages. Ironically, Verizon is one of teh few companies that I actually do pay that way.
MemberSince99 wrote:Why? Simple - if there is a mistake on your bill, your account could get overdrawn. In that case expect the company making the mistake to not care, and your bank to say it's your fault, and to slam you with fees.
Not if you put it on a credit card and if you look at the bill in advance. Verizon sends me a text message (free) telling me how much is due and when it will be processed. The charges are not made until about 27 days after the text message. At any time I can log on to my Amex account and block that charge. There is no chance to over draw.
On the other hand, if you pay by check you give them the authority to take whatever they please out of your checking account, before or after they get the check, and to do it in the future if you owe them anything. Don't believe me? Read your contract. Don't like that? Get rid of your cell phone because all the carriers do that.
MemberSince99 wrote:When I make a payment, I want to control who gets what when. I want no one and I mean no one having carte blanche authority to take whatever they feel like out of my account and to just assume nothing bad will ever happen.
I have that control by paying on credit card. You don't if you pay by check.
MemberSince99 wrote:And as a side note, it's all too easy that way to get lulled into not bothering to see what they are charging you and not watch the cost. Not really a fault of the system per se, but of human nature.
Call me a control freak, but it's just how I roll.
Wait. If you are a control freak then you stay on top of these things. Set yourself up a minder system and you'll never need to worry about that.
MemberSince99 wrote:And though you didn't mention it, yeah I know I don't have to pay them as soon as they send the bill - the due date didn't change, all that changed is some bean counter figured out the extra money they could make if X % paid early - it's free money to them. But I don't have to play the game, I'm just saying I know what the game is.
Did you ever consider that perhaps by billing you earlier without changing the billing date they are just giving you more flexibility?