Just wondering if pay weekly would be a suitable payment schedule. I am presently paid weekly and it would help my with budgeting. ONTO would get more cash sooner and lessen the credit risk. win win no?
I doubt it, based on the hire agreements being monthly. Doing a new hire agreement every week for them would be a headache I imagine
What you could do is like what weekly payers do on the Monzo Forum, and create a Pot of money for Onto in Monzo (or other smart bank) and move monthly rental amount / 4 into a pot each week, and then use that Pot to pay the Onto.
I think they’d actually be getting less cash sooner as they currently charge a month upfront rather than a week.
That is exactly what I do !!