Was wondering if it is better to have the creditor directly deposit into my checking account to do a BT with another creditor? Or should I just have them pay my creditor directly?
I always like getting direct deposit to my account as it csn be faster snd you pay off your other creditor as if you were making payment. Why i love Disco and Citi for that option. Either method is fine though. Creditors only care they are getting paid
Right. The only difference is if you decide not to apply the full amount to the other creditor once the check is in your account. You can view this as
a) bad if it is just that you are not disciplined and "waste" some of the money on unnecessary other spend
b) good, increased flexibility just in case, when some emergency hits out of the blue right after the BT
Some are great for direct to the bank, others not so much. BB&T has the worst online BT funtionality I believe exist. Citi, Disco, and USBank have all been exceptional.