I pay all my bills online; mostly using Quicken.
Lately I've noticed many of the due dates fall on Saturday or Sunday.
Since quicken won't pay a bill on a non-business day, I have to set
the pay date to Friday.
Seems like a probably legal but somewhat sneaky way for the companies
to meet the letter of giving you XX grace period days, yet still get
their money a day or two early.
Anybody else noticed this?
A businessman friend of a customer of mine had a
Negro American woman quit the day BeeHO was elected.
She stating to her astounded former coworkers that
she would never have to work again or worry about
paying any bills. Life is so entertaining in my
wonderful country now run by wackos elected by the
dumb masses. The wackos want to take over all the
financial institutions in the US in order to gain more
control over me and thee. They're going to help us
whether we want them to or not. Save me BeeHO, pay
all my bills for me! I don't wanna work no mo.
About 20 years ago, utility companies allowed 30 days to pay your
bill. Now, most of them allow only two weeks. To pay electronically,
my local bank requires 5 business days to process the request so if
that week contains a holiday my payment will be late. Banks like to
delay for as long as possible too, unless they are the ones cashing
the check. I now pay a bill the day I receive it to avoid any late
charges. I have much less trust in banks today and keep balances
lower than before, even though it is fully insured by our
financially-responsible fabulous USA government.
Stop looking at it as them getting their money a few days early and look at
it as being the last possible day to make your payment.
If your paying a credit card, it's going to save you some interest paying
it early and if it's utilities, it's for the prior month anyway.
I pay bills on the 1st and 15th regardless of their due date.
February is exactly 4 weeks, so you will have this phenomenon twice in a
row, if it happens. I have told most accounts to take their payments
automagically, on the due date if possible. Then it is up to them to do
it, and no penalties for me, and no bother other than making sure the money
is available. So far that's not been a problem for me. I know I'm lucky
in that regard.
Oh good grief. Just set up ALL your payments through the "automatic pay on
due date" online option with each creditor. They will take the payment on
the due date with no possibility for late fees. You can set it up to pay:
the minimum payment, the total amount due, a set amount each month, whatever
you want. Now walk away and never worry about this again. Problem solved.
Umm, you set up the automatic payment (from your credit card, checking
acct., whatever) for whatever day you want. Every creditor I have has an
online option for "pay in full on the due date". It happens automatically.
Why don't you know this?
I just authorize them to debit my bank account. They take the money
on due date or whatever. Why bother worrying about date of payment. It's
their job. Only money I owe is utility bills every month.(power, NG, water)
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