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What are the advantages of having an automatic debit to my account for my loan payment?

April 26, 2017account advantages automatic Debit loan payment

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What are the advantages of having an automatic debit to my account for my loan payment?

2 Answers

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First, you save ¼-percent on an installment loan, plus you save the price of a check and the cost of mailing. And you have the convenience of knowing that even if you’re on vacation, or if the weather’s bad, your loan payment will automatically come out of your account on the correct date.

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You save ¼% on an installment loan plus the price of a check and the cost of mailing. You also have the convenience of knowing that even if you’re on vacation, or if the weather’s bad, your loan payment will automatically come out of your account on the correct date.