Many Would Give Up Cell Phones & More to Avoid Paying Bills

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billfloat

BillFloat in surveying the why and how of bill paying found that bill paying is so overwhelming that many would give up a lot including their precious cell phones.

 What would people be willing to give up in order to avoid paying bills:

  • One quarter (25 percent) of respondents would turn off their TV for an entire month to have someone else pay their bills.
  • One in five women would abstain from sex for six months to get bills paid. Only 16 percent of men would abstain.
  • Twenty-one percent would be willing to give up digital devices and cell phones for a month.
  • Only 14 percent would go without the Internet for a month.
The survey also found that after taking into account the vital monthly bills of housing, food and utilities, consumers ranked their insurance bills as the most important bill to pay first, followed by credit card, loans, cell phone and lastly cable/satellite. The cell phone bill is next to last.

BillFloat offers consumers more time to pay bills with more than 2,500 billers nationwide, including leading phone, cable, utility and insurance providers. BillFloat loan proceeds are applied directly to the consumer's biller account and repayable up to 30 days later.

Users of BillFloat should be advised of the fees involved and may want to give up sex altogether after they see BillFloat prices.

Finance Charge up to
36% APR		 Variable interest on the dollar amount of the loan between 7% and 36% APR.
Bill Payment
Processing Fee		 $8.95
to
$17.95		 This is the cost of our bill payment service that varies based on your bill amount.
Late Fee $2.00
to
$25.00		 This fee applies to each 30 day installment period. You'll be reminded in advance when repayment is due to help avoid late fees.

 They give an example of a $125 bill floated for one month that will cost $142.05 which could be better than a pay day loan, but still a stiff price to pay.

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1 thought on “Many Would Give Up Cell Phones & More to Avoid Paying Bills”

  1. This idea might go well here in England, there are a lot of people criticising payday loans which arre being heavily promoted on the television

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