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Identify possible advantages and disadvantages of using automatic withdrawal to pay bills.

Sagot :

GinnyAnsweridn

Final answer:

Automatic withdrawal for bill payments offers convenience but carries the risk of overdrawing accounts.


Explanation:

Advantages and Disadvantages of Using Automatic Withdrawal to Pay Bills

Automatic withdrawal can offer convenience by ensuring timely payments without the need for manual interventions. It helps in avoiding late fees and maintaining a good credit score. However, a disadvantage is the potential risk of overdrawing an account if there are insufficient funds during the automatic withdrawal.


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