Keep Card Debt Under Control – Avoid Late Fees

Your credit can be ruined if you are constantly missing payments or are paying your credit card bills late.  When you miss payments, fees and penalties add up fast. Card debt can get out of control fast to the point where you won’t be able to even pay the minimum  payment. 

To make sure this don’t happen to you, you should always pay your bill on time; always avoid missing a payment.  If you can’t pay the entire amont due you should always pay the minimum payment amount.  You may be able to pay more later.  When you have more money, you may be able to send in an additional payment later in the month.

One tip to avoid not having money to pay the bill, is to always have the minimum payment amount set aside, so that when credit card bill arrives you have the money to pay it.  Once you have assured yourself that you won’t be penalized or  charged any late fees, you should look into paying a higher amount than just the minimum balance.  By paying the minimum amount, you’ll at least ensure that no other fees will be added to your next credit card bill.

*If you can’t afford to pay the minimum amount due, then call the credit card company to work out a payment plan.

Anytime you use a credit card, you 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 the credit card company and more importantly, with the credit bureaus who determine your credit score.

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