How To Avoid Credit Card Late Fees BY: www.newhorizon.org
There is a lot of truth to people ruining their credit score due to missing payments and paying their credit card bills late.
The fees can pile up and the interest rates can grow before you know it, and after a while you won’t even be able to pay the minimum amount of payment.
If you don’t do something fast - it could be the beginning of the end.
WORK on making sure you should always pay your bill on time
If you simply aren’t able to pay your entire bill, at least pay the minimum amount possible.
Another option includes skip a payment, although you’ll need to check whether or not your credit card company offers it or not.
Make sure that you use this service wisely if you have it, as it can only be used once a year.
Although credit cards can be great for numerous reasons, you should always know your interest rates and have a good general idea of what your bill is going to be before you make a purchase.
Anytime you have a credit card, you should always make sure that you have the money to pay the bill, or the minimum amount, the minute it arrives.
This way, you’ll remain in good standing with your company and your credit score will continue to increase.
If you simply aren’t able to make your payment, you should contact your credit card issuer immediately and see if you can work something out.
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