Skip to main content

Paper or Paperless billing? Which serves YOUR needs best?

Paper or Paperless billing? 
Which serves YOUR needs best?    


     These days, companies are under pressure to go "green" and become more environmentally friendly.  As a result, an increasing number of businesses are offering their customers a paperless option with which to receive and pay their bills. 

There are obviously many positives to be found within these paperless services:

  • Trees are saved  
  • Reduced postage costs  
  • Less paper documentation to organize or save/store
  • Possible rewards for switching to paperless
  • Payments can often be made/posted same-day
  • Automated payments can be set-up
  • More

     But I can tell you from my vantage point as a Chicagoland/IL/WI Mortgage Originator, there are also negatives to be found within paperless methods.  For some of my mortgage clients, the choice of going "paperless" just hasn't worked well.

     For some, an email or text reminder regarding payment of bills has not been enough. They NEED a paper billing to arrive in their mail. 

     Their paper bill serves as a concrete reminder regarding their payment date, the balance they owe, expenditures made, interest rates, and more. For many, e-billing has just made it too easy for them to forget or overlook these important things.

     I've had clients report to me that paperless billing was the cause of a late payment showing on their credit report. They'd overlooked or forgotten an e-billing notice and paid a bill after a due date.

     This late payment had resulted in a lower credit score when seeking their mortgage. A lower score that ended up costing them money in the form of a higher interest rate.

     A few clients had missed billing errors or fraudulent charges made on their credit card accounts. They hadn't taken the time to look at their monthly e-billing or available e-statements.

     Important information or notices had been missed.  The penalties incurred can be quite harsh, especially if there's a timeline attached to reporting the errors and fraud in question.  

The same goes for any company's request for a response regarding possible upcoming changes to your account. Should the notice of that request be missed, it can prove costly.

But beyond each of these, depending on the creditor, late-or-missed payments can have even more severe consequences. They can create roadblocks or delays for those seeking mortgage approval.     

     Bottomline, you need to pay your bills on time. And you need to find and stick with the method of bill payment that works for you consistently and successfully. Whether that be paper or paperless.

     So do an assessment of your preferences and habits regarding billing. (Do the same regarding your use of automatic payments, mobile payments, etc.) Then make your informed, well-thought-out, preferred choice ...

     Paper or Paperless billing? Which serves YOUR needs best?

     * When in need of Mortgage info, guidance, or service when buying a home in Will County or elsewhere in Chicagoland, contact me. I'll be happy to put my 40+ years of mortgage experience and expertise hard to work on your behalf.
     I'm easily found at:

Gene Mundt

Mortgage Originator - NMLS #216987 - IL Lic. #031.0006220 - WI Licensed

American Portfolio Mortgage Corp.
NMLS #175656

Direct: 815.524.2280
Cell/Text: 708.921.6331
eFax: 815.524.2281


Click Here for: Testimonials

Gene Mundt, Mortgage Originator, an Originator with 40+ years of mortgage experience, will offer you exemplary mortgage service and advice when seeking: 

Conventional, FHA, VA, Jumbo, USDA, and Portfolio Loans in Chicago 
and the greater Chicagoland region, including: 
The Lincoln-Way Area, Will County, (New Lenox, Frankfort, Mokena, 
Manhattan, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, 
Romeoville, Naperville, etc.), DuPage County, the City of Chicago, 
Cook County, and elsewhere within IL & WI.

Referrals are Appreciated and Welcomed


Popular posts from this blog

Property Addresses: Gettin' Down to the Nitty Gritty

Property Addresses:   Gettin' Down to the Nitty Gritty

Take just a second and read through the following statements ...

“The devil is in the details” 
... "in life, it is often the tiny details that end up 
being the most important"

"Get Down To The Nitty Gritty"

“Little details have special talents in 
creating big problems!” 

“Sweat the details”

"Success is the sum of details"

Details ...Details ... it's all about the details ...
     And I'll admit it, I'm a bit of a nerd about them.  My whole family is.  Details, the intricacies, the little things ... they matter to us.
When I was growing up, a typical conversation (and argument) between my brothers and myself at the dinner table or in the backyard centered around "details".  It didn't matter what the topic was, it was the minor differences ... the details about the topic ... that we argued about.  I'm sure we drove our parents crazy.  
Sports statistics and games ... minutiae rega…

Ready for Fall? It's Arriving Soon

Ready for Fall?  It's Arriving Soon

Friend ...

Maybe it's because football season has started. Maybe it's the kids being back in school. Or because the night air is cooler. But a sense of Fall has arrived here in Chicagoland ...

The Fall Season brings changes with it. Changes in temperatures. Changes to the clothing we wear. Our focus seems to shift with the coming of shorter days, falling leaves, and crisp air.

Fall can be the perfect time to do a multitude of things. You can prep your home for the upcoming winter weather ... or for Fall listing and sale. 

But whether you're moving on or staying put, Fall is a great time to declutter and organize your home inside and out ... and your finances too.

I've googled like crazy to find interesting articles filled with Fall info, ideas, tips, and photos. Articles that will help you usher the Fall Season in at your house. I hope you enjoy reading the articles offered below and that they inspire you to make any needed changes.