Consider Pre-authorized Payments for your Bill Payments

Yesterday’s tip was to switch to paperless billing, so that you never lose a bill.  Another way to never forget to pay a bill is to consider pre-authorized payments for your bill payments.  For example, your hydro or gas company can put you on an equal billing plan, so you pay the same amount each month, and it will be taken from your bank account each month, automatically.  You never miss a payment.

Never missing a payment is important, because missed payments show up on your credit report, which can lower your credit score.

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