What Are the Risks of Credit Card Auto Pay?

Are you letting your credit card company automatically pull payments from your bank account? While convenient, using auto-pay for your credit cards comes with potential downsides you might not be aware of. This video uncovers the hidden dangers. Discover the crucial points to consider before setting up automatic credit card payments: ► Understand how auto-pay can lead to overdraft fees or missed payments if not managed carefully. ► Learn about the risks of losing track of your spending when payments are automated. ► Explore scenarios where auto-pay could inadvertently impact your credit score. ► Identify strategies to mitigate common auto-pay pitfalls and maintain financial control. ► Gain insights into monitoring your accounts effectively even with automatic transactions. #CreditCardAutoPay, #FinancialRisks, #SeniorCreditSolutions, #CreditCardTips, #MoneyManagement