Yes, creditblu.com can help with budgeting and scheduled/automatic payments; but, first, let’s tell you how automated payments work. Scheduled payments can be processed in two ways, depending on your payment method. The first is through ACH (Automatic Clearing House), a form of electronic funds transfer to or from a bank account. The second way is through your credit card; for example if you need to pay Netflix’s monthly subscription. Creditblu.com will charge the fees for each month to your credit card.
If you’re automating and budgeting your payments with creditblu.com via ACH, you’ll set it up with your bank’s payment system. For instance, your biller will get paid through an ACH transfer, which will require you to tell the bank how much to pay and when to pay. Then, the bank authorizes the amount which creditblu.com will deduct from your selected account each month. Creditblu.com will then transfer the required amount to your biller.