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Ask Dave

Autodraft For House Bills?

Cheryl asks if setting up a checking account to automatically draft house payments is a good idea.

QUESTION: Cheryl asks if setting up a checking account to automatically draft house payments is a good idea.

ANSWER: You should absolutely put your house payment on automatic draft if it’s offered for free.  You can set this up and even pay extra each month to get out of debt faster.

You’ve probably heard this is a bad idea because banks and creditors want you to remain in debt.  Automatic payments are a fantastic idea because you’re always on time, which reflects positively on your credit and helps you avoid late fees.

Get a FREE Customized Plan for Your Money!

Get a FREE Customized Plan for Your Money! 

Answer a few questions, and we'll create a plan tailored just for you. It only takes three minutes!
Take the Assessment

Get a FREE Customized Plan for Your Money! 

Answer a few questions, and we'll create a plan tailored just for you. It only takes three minutes!
Take the Free Assessment