Danger of autopilot finances highlighted by $16 million cable bill

Many companies claim that computerized billing systems make life simpler and bills more accurate. A $16 million cable bill is the latest in a long string of unintended overcharges that call that into question. This particular invoice has been corrected already. The lesson, however, is that keeping an eye on your finances is incredibly important. Source for this article – $16 million cable bill quickly reversed by Time Warner by MoneyBlogNewz.

Bill of $16 million for resident

The Time Warner cable service is something Ohio resident Daniel DeVirgilio subscribes to. The charge card DeVirgilio uses to pay his cable invoice got denied at the end of last month. He got notification of this. A charge of $16.4 million, $1 million for every March Madness pay-per-view basketball game, was put on his account by Time Warner. Time Warner changed this after the glitch occurred.

Do not use autopay

The cable bill Daniel DeVirgilio pays was on autopay, as many people experience. Monthly bill pay services where customers just give over their credit or debit card number occur often. Each month, the invoice gets paid on its own. Bill payers do not have to worry about this. After noticing his credit card was declined for his invoice, Daniel DeVirgilio realized he had gotten a $16 million charge.

The policy of watchful waiting

It could be dangerous to simply use autopay with your bills, as shown by the $16 million cable invoice. Sometimes it can be really difficult to remember when all of your bills are due though. It is simple to do watchful waiting. There are things you are able to do to avoid forgetting though. The first option is to do the simplest thing — pay each bill the day you receive it. It can be helpful to track the dates on a calendar since sometimes that is not always an option. Make sure you spend a few hrs every month checking all your bills if you do determine to do auto invoice pay. You may end up simply paying a few extra dollars more than you would like each month, even though you probably will not get a $16 million cable invoice.

Information from

Digital Life Today

digitallife.today.com/_news/2011/04/04/6405791-time-warner-charges-man-164-million-for-cable-service?GT1=43001

Yahoo News

news.yahoo.com/s/yblog_thelookout/20110325/ts_yblog_thelookout/ohio-man-gets-a-16-4-million-cable-bill