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Bills to pay every month8/4/2023 ![]() Putting your finances on autopilot is convenient and helps prevent late fees - just make sure you have enough money in your bank account. “Even one missed payment will create a blemish on your credit report and harm your score, so fix that now.”Ĭreate alerts or reminders set for a few days before a payment is due, or make payments as soon as you receive your new monthly statement. You can also avoid missed payments by scheduling recurring automatic payments from a checking or savings account. Pay all your current bills for the month on time - and don’t miss anymore payments, said Whitney Lee, a financial solution engineer at Salesforce. Take Our Poll: Who Has Given You the Best Money Advice You Have Ever Received? 2. If mailing a payment might make it late, make a payment over the phone or a same-day payment online. ![]() Your payment history makes up 35% of your credit score, so you can increase your credit score by making on-time payments. A creditor can’t report late payments to the credit bureaus until your account is 30 days past due. Even if you’re late paying a credit card bill and get hit with a late fee, you can avoid credit damage by submitting a payment before you’re 30 days late. Whatever overdue bills you have, pay them ASAP this month to avoid having late payments on your credit report, which can remain for up to seven years. Here’s how to raise your credit score fast. It can take several months or longer to go from bad credit to good credit, but there are strategies to quickly raise credit scores in as little as a month. See: 3 Signs You’re Serious About Raising Your Credit Scoreīut a low credit score doesn’t have to define your creditworthiness forever, or stop you from getting the credit you need. So the higher your credit score, the easier it is to qualify for financing. ![]() Your credit score often decides whether you qualify for a credit card or a loan, and it determines your interest rates. Credit scores range from 300 to 850, and lenders use this number to assess credit risk. ![]()
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