Here in Texas, I use ONE credit (not debit) card for almost all such as
groceries, gas, dining, recurring bills such as utilities,
internet,insurance, etc. Fully pay the bill at the end of the month and get
a 1% rebate. Pay that bill online with checking acct in the same bank.
Don Guillett
SalesAid Software
[EMAIL PROTECTED]
----- Original Message -----
From: "Bernie Cosell" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Tuesday, October 03, 2006 8:05 AM
Subject: Re: Comcast
On 3 Oct 2006 at 14:19, Dave Jackson wrote:
Most recurring payments are made using the Direct Debit system which
can cope with fluctuations and has a cast-iron system of
challengeability should a mistake occur.
Well, I won't use *any* direct debiting scheme here in the US and mostly
I advise folk who do that they're being foolish.
How does the 'cast-iron' scheme work? if a company over-debits your
account due to some contested matter [or just a screwup on their part]
and now a score of *OTHER* "debits" begin to bounce due to insufficient
funds, how do they sort it all out, undo the late fees [and other
charges] from the third-parties that ended up getting stiffed because of
the screwup of the first party and then fix your credit rating/report not
to reflect all the "bounced debits", etc..??
I note that a similar thing happens with credit cards: you go to buy
something and discover that due to a bogus/incorrect charge you're not
over your limit... but I find that a VERY different situation from the
similar case for a debit card where you learn that you can't buy
something because your checking account has been emptied.
/Bernie\
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