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.

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