Don't be late! (with your bill payments)

[javasaurus]

According to this article, it is now more important than ever to pay your bills on time. All of them. Apparrently, many credit cards and insurance companies are frequently checking your credit rating to determine whether you are a bad risk. Credit card company A may raise your rates if you are late paying credit card company B, even if you always pay company A on time! And even insurance companies might raise your rates based on credit record, even though they are not a credit industry.

Illegal? Nope.
Surprising? Potentially.
Annoying? Certainly.

Comments

[faireraven.livejournal.com]

This is why the mortgage gets paid online. No delays.