You probably know someone like me. I’m the kind of person and constantly in need of reminders
to do the simplest things. I’m talking about things like sending out the monthly payments for
my credit cards, electricity, cable, water, rent, and car loan or I will more or less forget all
about the darn things.
I’ve experimented with numerous approaches to overcome this problem, including such things as posting
reminders of my pending bills on my refrigerator so I’ll see them each and every day, using a PDA to
monitor when the bills are due, and picking out in advance a particular, predetermined day each month
to sit down and take care of all my financial matters. But you know what, none of my little methods worked,
and it was a problem because I was constantly being bombarded with late fees and and nasty letters from
creditors had threatened cancellations. Then a friend told me about an online bill pay service.
Since I signed up for it, I haven’t been late with a single payment. Not even once.
In this day and age many creditors including credit card companies, banks, and other service providers
like utilities, support online bill pay options. That means you will more than likely have the option
to join an online bill pay program without regard to which companies you have to submit your bills to.
This is a wonderful innovation in my estimation, especially if you have as much trouble keeping track
of the everyday, mundaney things as I do.
Utilizing a third-party online bill pay program is a simple two-step process.
First off, you have to do enroll for online bill pay with the individual companies that will be receiving
recurring payment from you. It’s impossible to do online bill pay without first completing this step,
so it’s absolutely critical that you do so as soon as possible.
The next step you have to take is register with a website that specializes in online bill pay programs.
This is a completely different and today than the companies you owe your payments to.
They simply act as middlemen facilitating payments to your creditors.
It’s not absolutely essential that you sign up with one of these companies, after all, you could still
enter your own electronic payments each month, but how is that different from what your are currently
doing and where is the convenience factor?
Put another way, you’d be right back to square one, no doubt missing payments again.
Signing up with an online bill pay website, however, would relieve you of this burden.
You simply set up regular payments of fixed amounts for things like your car loan and or mortgage or
you can have reminders sent to three or e-mail service that will notify you when your payments are due.
Once you get the e-mail, you can send your payment with just a couple of clicks of your mouse and be
done with it.
The majority of online bill pay services do not make it mandatory that you link your user account with
your bank account. That’s important because you can keep complete control over the payments
(by credit card, checking or savings account) and your private, financial information.
The real advantage of it is that online bill pay services give you a convenient, secure method to
take care of all your monthly obligations on time. And that’s the whole point isn’t it?