The days of writing paper checks are long behind us. While many still do that, online payments and autopay are becoming increasingly common. Most companies provide automatic bill pay these days, eliminating the need to even log onto a website!

But should you set up autopay for your bills? Here are a few reasons why autopay is a game-changer!

Avoiding Credit Card Late Fees

Be honest: Have you ever forgotten to pay a bill? It happens more than you think! It's not a matter of not having money. Sometimes, life happens, and you forget to fulfill a financial obligation. It happens!

Unfortunately, credit cards and other lenders aren't known for leniency. Credit card fees and late payment penalties are not cheap. They quickly add up and can ultimately put you in a revolving door of debt. To know more about avoiding credit card late fees, visit this website.

With autopay, you can have a "set it and forget it" mentality. As long as you have money in your account, you can leave those accidental late payments and fees behind you!

Maintaining Your Credit Score

Did you know late payments account for about 35 percent of your FICO score? Missed bills can negatively impact your credit score, making it difficult to get future lines of credit. But that's not all.

Lenders typically provide better rates and terms if you have a solid credit score. Too many hits to your score can affect your financial well-being more than you realize!

Budgeting Made Easy

Budgeting is the best way to stay on top of finances. While there are certain expenses, you can't always have a permanent line for, autopay does make things easier!

It eliminates the need to check your accounts constantly. With automatic bill pay, you can create permanent line items, know how much you have at any given time, and spend comfortably. It's a great way to meet your financial goals and avoid surprises.

Using Autopay to Your Advantage

Those are just a few perks of autopay. Whether your goal is avoiding credit card late fees or having monthly peace of mind, setting up automatic payments is the way to get there!

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