Comments on: The limits of automatic bill-paying http://funny-about-money.com/2008/08/30/the-limits-of-automatic-bill-paying/ Simple Living = Frugality = Peace of Mind: Personal Finance and Stress Control Thu, 29 Jul 2010 20:18:14 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: quietrunning http://funny-about-money.com/2008/08/30/the-limits-of-automatic-bill-paying/comment-page-1/#comment-1907 quietrunning Sat, 30 Aug 2008 21:08:31 +0000 http://funnyaboutmoney.wordpress.com/?p=878#comment-1907 I have been electronically and automatically paying as many bills as possible including credit cards for years. But, I set up the payment bankside rather than through the company being paid. That way, I see electronic copies of bills a week or two prior to the money being drawn from the account. So far, no issues. My biggest problem is with a few companies that do not use electronic billing - like the City for water and trash. That is the only bill that is sometimes late because I get it in the mail and toss it onto a dozen other pieces of paper that need attention...sometime. As for identity theft, I believe (right or wrong) that the most frequent access for identity theft is from the mail, trash or credit card use in local establishments who may not keep close watch on the card when it is out of the owner's control. ps: Paying for utilities via credit card seems a little nuts to me too! Maybe for airmiles? Nawwww I have been electronically and automatically paying as many bills as possible including credit cards for years. But, I set up the payment bankside rather than through the company being paid. That way, I see electronic copies of bills a week or two prior to the money being drawn from the account. So far, no issues. My biggest problem is with a few companies that do not use electronic billing – like the City for water and trash. That is the only bill that is sometimes late because I get it in the mail and toss it onto a dozen other pieces of paper that need attention…sometime. As for identity theft, I believe (right or wrong) that the most frequent access for identity theft is from the mail, trash or credit card use in local establishments who may not keep close watch on the card when it is out of the owner’s control.

ps: Paying for utilities via credit card seems a little nuts to me too! Maybe for airmiles? Nawwww

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