Why You Should Automate Your Bill Payments

At the end of the day, you’ll save yourself some money if you do this. First, auto bill pay is great because you’ll always have a payment on-time with no late fees attached. Second, some loans will give you a discount on your interest rate if you enroll in auto-pay. If you missed a payment (and it’s your first time), you can usually call your bank and have them forgive the late payment fee so long as you enroll in auto-pay. The worst they are going to say is, “No, we can’t do that.”