Avoiding Credit Card Late Fees
Missing a payment on a credit card can lead to financial troubles. For example, people may be charged a late fee that increases their credit card debt.
Fortunately, there are numerous steps consumers can follow to ensure that payments are never missed. The easiest is probably becoming aware of the payment rules. If it is due on the 30th every month, it needs to be paid that day.
It may also be a good idea to set up recurring monthly payments. Most credit card providers offer the option of automatically paying bills each month, which is a great way to avoid being late.
Often, people miss credit card payments because they are forgetful. Well, this is no longer an excuse as companies provide their cardholders with reminders. For instance, email or text alerts can be set up to inform people when their payment is due, so there is no reason for anyone to forget to pay their bill.
Keeping credit cards in good standing can be beneficial for other reasons than avoiding late fees. It is also essential for people looking to keep a good credit score as well.
Jessica Williams is Consolidated Credit’s Marketing Communications New Media Coordinator. As a member of the education team, Jessica focuses on helping consumers make better financial decisions while living debt-free. She has previously worked with Take Stock In Children, where she was a mentor and communications specialist, and SouthPromo.com, where she managed community relations, event planning, marketing, and public relations. Jessica attended both the University of Florida and the University of Central Florida where she received her B.S. in Interpersonal/Organizational Communications and Marketing. Connect with Jessica on Google+.