Creditor arrangement

This item appears on page 67 of the April 2008 issue.
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In the letter titled “Bills Paid Before Travel” (Feb. ’08, pg. 64), R. Casey Hasey outlines his methods for being “carefree for a long trip” by arranging for every bill possible to be paid by credit card.

Long ago I put all my bills on AFT (Automatic Fund Transfer), with the exception of auto insurance, which I pay once per year by MasterCard. Month after month, the only check I write is to the bank holding the card.

When I travel, I estimate how much I will spend by MasterCard and send a check in advance for a sum substantially in excess of that. They post this as a credit and I can wait until I get home to do the balance.

HARRY PEARSON

Cape Canaveral, FL

Please login or subscribe to ITN to read the entire post.

In the letter titled “Bills Paid Before Travel” (Feb. ’08, pg. 64), R. Casey Hasey outlines his methods for being “carefree for a long trip” by arranging for every bill possible to be paid by credit card.

Long ago I put all my bills on AFT (Automatic Fund Transfer), with the exception of auto insurance, which I pay once per year by MasterCard. Month after month, the only check I write is to the bank holding the card.

When I travel, I estimate how much I will spend by MasterCard and send a check in advance for a sum substantially in excess of that. They post this as a credit and I can wait until I get home to do the balance.

HARRY PEARSON

Cape Canaveral, FL