Posted November 09, 2019 14:33:09 The post-paid phone bill in Australia may be expensive but it can also be a lifesaver for those struggling to make ends meet.
The Consumer Product Safety Commission (CPSC) is urging consumers to consider the potential cost of a post-payment phone bill before they pay the bill.
Key points: Consumers should consider the cost of post-payment phone bills before paying the bill before considering a pay as soon as possible postpaid phone bills can be a lifeline for those who struggle to make a living postpaid phones can be expensive postpaid bills can also reduce your credit score The CPSC says people who pay their bills online are less likely to lose their job, be arrested or face a charge They are usually free after paying the balance of the phone bill.
But that could be less true for people who don’t pay for a postpaid bill online.
If you pay as much as $100,000 for a phone, your postpaid balance could be over $300,000, the CPSC warns.
The CPSC is urging people to consider how much they would need to pay to keep the cost at $0.
The average postpaid debt in Australia is $13,600.
People with postpaid balances could also pay a higher amount for a credit card or a mortgage, depending on how much money they have available.
Postpaid bills are usually charged to credit cards and mortgage accounts, and the CPSCs advice is that if you can afford it, pay your bills as soon the first one has been sent to your credit card provider.CPSCs advice to pay your phone bill as soon you receive your first bill is to pay as little as possible and pay the balance as soon they are mailed.
If you are paying your phone with a postcode other than one that is associated with your postcode, you should make sure you are able to pay the whole balance in one go.
If your postcodes have different phone numbers and you do not know the postcode of the person you are contacting, you can use a free credit monitoring service called MyMoneyCheck to check whether your post codes match the one you are calling.
To check if your post code matches the one that you are doing business with, you may also need to contact the credit reporting agency that you use to make your credit report.
If they do not, you will need to make contact with the credit bureau or credit reporting service that you used.
Cases of late payments can be costlyFor many people, paying a postpayment bill will mean less money in the bank account, but the CPSc says there are some circumstances where paying a phone bill could be a life saver.
“It can help to be aware of the potential costs of paying a late payment,” the CPSS said.
For example, if a bank or credit card is late, the credit card company can apply to the court to recover money owed to them.
“If the court finds that a late bill was paid, the court may order that money be paid immediately or alternatively the bank can apply for a creditor relief order,” the bureau said.
In some cases, people may be able to use their existing credit score to get a lower interest rate on their postpaid credit card.
But in some cases the CPSCA says it is important that you check with the creditor or credit bureau to see if they have a credit history.
The bureau says some credit scoring services may be unable to verify that a credit report contains all of the information you need to apply for an order of protection.
“In other circumstances, you might be able only to get the information that is in your credit reports.
For example, it is not possible to get information about your credit history if you are a person with a disability,” the Bureau said.
The Bureau warns that people who do not have the right type of credit report may not be able or willing to pay a postpayment bill.
“People with poor credit history may not have sufficient information to apply to a creditor to request a payment plan, or may not understand that their credit may be under pressure,” it said.
Criminal chargesThe CPSCs warning comes after a report from the Australian Federal Police that people were being charged with “fraudulent offences” under a new legislation.
The Australian Federal Government is working with the Federal Crime Commission to review and revise the bill laws.
“The proposed changes will make it easier for consumers to access justice for financial matters,” the Australian Crime Commission said.
“We will also be working with relevant stakeholders to explore how to best ensure that the financial information and services offered by the Commonwealth are accessible and affordable to Australians.”