Hi credit gurus, question for you all:
A few folks on here have said they unintentionally missed payments when their credit card was either puchased by a different creditor, or converted to a different product with the same creditor, causing their automatic payments to be deactivated. (Happened to yours truly. No fun.)
Would it be better to automate the payments on an OUTGOING basis, from the checking account TO the creditor? I never thought of this before but I wonder if it would help. Has anyone done it this way? Does it help?
Starting Score: 580
@loviedovie wrote:Hi credit gurus, question for you all:
A few folks on here have said they unintentionally missed payments when their credit card was either puchased by a different creditor, or converted to a different product with the same creditor, causing their automatic payments to be deactivated. (Happened to yours truly. No fun.)
Would it be better to automate the payments on an OUTGOING basis, from the checking account TO the creditor? I never thought of this before but I wonder if it would help. Has anyone done it this way? Does it help?
I always push my payments from my checking account to my creditors, I set up the ability to manually pull payments on a couple of my credit cards "just in case", but I haven't needed to use that option so far.
Its nice to have if you forget to make a payment as a security blanket. I prefer to handle my payments over a computer. Got slammed once yrs ago and of course I didnt win. Some swear by it and some not so much.
For all the reasons already brought up, I simply don't trust the automated payment method... I too prefer to just handle making the payments myself.
