Paying bills electronically sounds so foolproof. You have no checks to write, no need for envelopes and stamps, and no late-night drives to an out-of-the-way post office to drop a bill in the mail to avoid late fees.
But that doesn’t mean the service is glitch-free.
Whether you’ve authorized companies you owe to automatically tap into your checking account or set up regular payments through your financial institution or a retailer, putting your “bill paying on autopilot doesn’t mean you shouldn’t pay attention,” said Curtis Arnold, founder of CardRatings.com, a consumer-oriented credit card website. Read more on Kansas City Star.