Also, 35 % of your credit score is made
up of your bill payment history — whether or not you pay your bills on time.
When you do a balance transfer, more of your monthly payment is contributed to the principle, rather than that
majority of your bill payment going toward interest.
So, check your credit scores and reports regularly, stay on
top of your bill payments and you should build a solid credit profile in due time.
Higher credit scores translate to greater credibility and auto insurance providers perceive such customers as more trustworthy in
terms of bill payment consistency and being safer drivers on the roads.
A. On the process date, the Bill Payer processor generates an ACH debit (in the
amount of the bill payment) to your checking account.
If you incur any fees as a
result of a bill payment that is processed earlier than you requested, please contact us at 800-987-7237.
The information regarding your credit history such as, bill - paying history, the type and number of accounts you have, the
timeliness of your bill payments, any outstanding debt, collection agency actions, and the length of your accounts, is obtained from your credit report.
You risk additional fees for NSF and / or collections as well as suspension or
termination of your bill payment service if you do not maintain sufficient funds to cover the transactions you initiate.
Keeping a minimum of two months»
worth of bill payments in your chequing account can provide all the cushion you need in the event of a missed paycheque or added expense.
Finally, the requirements for obtaining the bonuses are pretty easy to meet: a
couple of bill payments and debits totaling $ 1,000.
To do that, consider cutting back on discretionary expenses such as restaurant meals and travel, as well as consolidating
some of your bill payments to save on fees.
Make
all of your bill payments on time and pay off your debts.