Using an Electronic Bill Pay Service is a convenient way to stay on top of your financial obligations, even when you don’t have access to a bank account. Places that offer electronic bill paying services-; like American Check Cashers – accept cash payments, so you don’t have to worry about money orders getting lost in the mail or having a friend pay the bill for your using their checking account. Here are a few tips for making the most of this service to protect your credit and save time.
Pay All at Once
One way to save time is to pay multiple bills during the same visit. Though it may seem like the most obvious thing to do, it can be challenging organizing your finances so that your due dates mesh with your pay dates. However, it can be done.
Simply divide the month based on when you get your paycheck and pay bills that land within that time period. For example, if you get paid on the 10th and the 25th of every month, pay all bills that are due anytime between the 1st to the 15th with the first paycheck and bills due from the 16th to the end of the month with the second paycheck.
You may need to prepay some bills or split them up (such as rent) to ensure everything is paid on time. However, paying several bills all at once frees up your time and lets your focus on other things.
Apply for Quick Service Membership
Some bill paying companies have membership programs that let you get quicker service whenever you visit the store. These memberships basically store your personal information so you don’t have to fill out the same forms every time you want to pay a bill. Sometimes, the membership will qualify you for a discount off the services. It’s definitely worth the time to set up an account if you frequent a particular store.
Consider a Prepaid Card
If the check cashing company offers a prepaid credit card, consider signing up for it. Although it costs a monthly fee (typically $5 per month), these cards generally offer Electronic Bill Pay Service for free or at a very low price per bill. Additionally, you can have your paycheck automatically deposited onto the card, so you don’t have to worry about check cashing fees. Connect with us on Facebook!
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