Time to Pay the Bills e.bill (08/00) Vol. 2, No. 4 p.18; Smith, Claudia
A recent survey commissioned by the Direct Deposit and
Direct Payment Coalition found that more than half of Americans
forgot to pay their bills at least once last year, in spite of
using Direct Payment. According to the report, 67 percent of
bill payers neglected to pay at least one bill in 1999.
Furthermore, 57 percent of those surveyed had to pay a late fee
of more than $25, while 36 percent of respondents reported paying
more than $50. Approximately 36 percent of those surveyed
admitted to using Direct Payment. Fittingly, some 49 percent of
respondents who did not use Direct Payment believed that
creditors would be able to make unauthorized withdrawals from
their accounts if they were enrolled in the service.