A few weeks ago, I finally got down to my bank to fill out the paperwork to switch to their ‘budget pay’ program, an every-other-Friday pay scheme that nets an extra payment per year, the kind of thing that adds up in the good direction, for a mortgage.
When I’m there, I ask the woman when they will start taking payments under the new scheme, and she assures me that it will start up this month. Except that by the end of last Friday, there was still no payment made. Looking at the paperwork, I’m now 99.999% certain she was wrong, and that if I hadn’t manually done a full month’s payment, I would have ended up ‘late’ before they notified me of their mistake.
Now I’m wishing I’d just left well-enough alone, and just done the extra payments on my own.