How to Avoid Late Credit Card Payments
It is extremely important to make sure your credit card payments are made on time. A late payment can lead to additional charges and a dip in your credit score. It’s true! Part of your credit rating is based on your ability to make payments on time, and even one late payment can hinder your ability to take out a mortgage or finance a car in the long-term.
Here are some easy ways to ensure you never miss a credit card payment.
Use automatic bill pay. Imagine being able to pay your bills without having to lift a finger. It’s possible. If your bank allows you to set up an automatic bill pay, use it. You set the date each month and your bank automatically deducts the amount you wish to pay.
Set an alert for when you will pay your bills. You don’t need a full planner to keep track of bills. It’s very easy to set up an alert on your phone or email to remind you when you need to pay online or mail out a check. For example, Google Calendar lets you set up an alert that will send you an email or text message on the day you want to make a payment.
Dispute unfair charges. If you are unjustly penalized for a late payment, you can dispute it. The first thing you will need is documentation. Print out bank statements or credit records and take note of the dates. The best evidence you can provide is a printed copy of an online pay receipt. If you pay your bill online, you will often get an email from the bank’s website telling you when you have submitted a payment. Print this page out and keep a folder handy to log all of your payments.
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My credit score will go down if I run a credit check frequently, is there a way to to avoid this
Richard Brandon.
Analyst
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Credit Repair
That is a myth, checking your credit score does not have a negative affect on your credit score. As a matter of fact; it's the only thing that's free and will help your credit score in the long run because you will be able to dispute inaccuracies by doing so.
The best way is fallowing the tips I' ve read on top. I personaly use iCal, is a software from Mac and is easy to use. It remeber me 3 days before the pay bill expire.