Forgetting
about automatic debits can cost hundreds of dollars each year.
Not exact matches
So if you haven't set up auto -
debit or
automatic payments on your student loans, it might be prudent to talk to your servicer
about making the next monthly installment payment early (before the disaster strikes, assuming you have warning) to avoid late fees and negative credit reporting if you can't pay on the due date.
When looking at your debt, try to pay it off as frequently as possible and if you struggle with this, then setting up a direct
debit will make the payments
automatic so you don't need to worry
about overspending and missing any payments that may incur further charges.
We spend
about $ 6,000 a month with our
debit card or
automatic drafts from our checking account.
Don't forget
about the
automatic payments or subscriptions that may be tied to your
debit card number.
What do I need to do
about automatic / recurring payments set up on my current
debit card?
Just ask them
about paying a slightly higher interest rate on the proposed loan to avoid the
automatic debit payment.
So if you haven't set up auto -
debit or
automatic payments on your student loans, it might be prudent to talk to your servicer
about making the next monthly installment payment early (before the disaster strikes, assuming you have warning) to avoid late fees and negative credit reporting if you can't pay on the due date.