What Is a Budget?
A budget is a plan that you can use to decide where to spend your money and where you can save it.
Whether
you're tracking monthly expenses or setting goals, a budget gives you a clear picture of your financial
habits.
One of the simplest ways to build a budget is by using the 50-30-20 rule:
50% income goes to needs:
- Rent
- Groceries
- Bills
30% income goes to wants:
- Dining out
- Entertainment
- Hobbies
20% income goes to savings:
- Savings
- Paying down debt
- Investments
Deferit can help you stick to your budget when it comes to bills.
Pay bills in 4
Bills can make it difficult to stick to your budget. Deferit pays bills now, and you pay later, allowing you to smooth out expenses. 1
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Build credit history
Get bill payments reported to all 3 major credit bureaus: TransUnion®, Experian®, and Equifax®.2
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Pay less for bills
Our experts can negotiate around $200 off your bills. When your bills go down, your budget goes further — without you lifting a finger. 3
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How it works
Upload a bill
Take a picture of your bill, choose how much to pay and get instant confirmation!
We pay your bill
We pay your provider directly.
Pay it back in 4
Enjoy the convenience of paying us back in 4 smaller payments, charged every two weeks.
You're in great company!
But don't take our word for it, see what other people are saying!
Actual customer review
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Frequently asked questions
Deferit is an interest-free bill payment and budgeting tool. With the Pay in 4 feature we pay your bill upfront and you pay it back in 4 smaller payments. Simply upload your bill and we'll take care of the rest. If you don't want to split your bill into smaller payments but want to pay bills by card in one convenient location, our Pay in 1 feature allows you to simply take a photo of the bill you want to pay, pay the amount via Deferit and we pay the bill for you. We'll even mail a check for you if your biller requires it!
There's a simple $14.99 membership fee you can cancel at any time. An application fee may apply. If an application fee applies it will be presented to you prior to joining. When uploading your bill, you specify the date for us to pay your bill and the amount you would like us to pay on that date. Your 4 payments begin on this date and we take the first installment whilst paying your bill upfront and in full.
Paying a bill has never been easier! Simply click the “Upload a bill” button when logged in to our website or mobile app, snap a pic of your bill or upload from your library/files. Specify the amount and date to pay your biller and that's it!
That's right. We don't charge interest! How do we keep the lights on? Our membership plans start from as little as $14.99 a month. An application fee may apply. If an application fee applies it will be presented to you prior to joining. Payments incur a 99c processing fee.
Signing up for Deferit does not impact your credit score. When you pay for a membership, we perform a quick soft inquiry to verify your identity, which does not leave any marks on your credit file. However, your usage and payment history with us may affect your credit over time. Consistently making on-time payments can positively impact your credit score, as we report your payment history to the credit bureaus. Late payments can negatively affect your credit score.
Still have more questions?
Search our comprehensive Help Center to find your answer. If you're still stuck, reach out to our expert Customer Heroes who are always happy to help!
