Can’t They Just Come in One Bill
Posted by InsuranceRP on 01/2/08 in Finance
I had a thought the other day. It started with my morning logon to my computer to check email. As I tapped in my password and watched my new messages come up, I noticed that 6 out of 10 were payment reminders from credit cards, student loans, and phone bills that were soon due. I marveled first at how efficient that was – reminding people of their bills through email.
I then marveled at how many people surely ignored the email from their car insurance company sitting at the top of their inbox list. I read every message I get, but I know how many people happily allow messages to sift into junk mail they never check and sit by as bills go unnoticed – especially now that so many companies offer paperless billing.
So, my thought was this: why can’t a third party company offer a service which allows you to have your bills sent electronically to them. They would then compile a master payment and due date that corresponds to the earliest due date for all of your bills. The resulting payment would be simple to make and easy to keep track of. Bank accounts already do something like this with their bill pay and auto-reminder features, so why not an all-in-one bank service that does the same. I mean, 25 different messages spread out across the month only make it that much harder to keep track of what I owe and when I owe it.
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