Experian, in a corporate article by Stefan Lembo Stolba, posted
an important article on its consumer site “Can automatic bill payments help my
credit score?”
Generally, yes. One
problem I have is that many credit card company sites (Target and Chase) are
hard to log on to – passwords expire quickly.
The tendency is for them to be forgotten then if logon is difficult.
The Bank of America Bill Pay page has some issues, of not
refreshing information between pages, and keeping expired cards. The end result
is that sometimes payments go to wrong accounts and aren’t properly credited.
