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Trying to get your finances under control? Here’s a money management tip: automate your bill payments. Here’s why:
For one thing, life can get pretty hectic. It’s easy to forget about utility bills, car payments and other monthly expenses. Once you set up automatic payments for all of your accounts, nothing will slip through the cracks.
In addition, automatic bill payment can actually help your alternative credit score, which tracks how diligently you pay monthly expenses. This will help you out the next time you go to apply for a loan.
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