Tip 4. Be alert - Paying Down Credit Card Debt

Use online alerts in your credit cards accounts.


Life is crazy. Everyone is very busy. It's hard to keep up with and remember everything that needs to be done. That is why you might forget to pay a credit card bill on time. This misfortune goes into your credit history and lowers your credit score. Fortunately, there are ways to deal with this issue:

1. If it happens, call credit card company immediately and ask very nicely if they could take it away. Both times when I was late it worked for me.

2. Pay bill or schedule your bill payment online as soon as it comes in. This is what I always do and it doesn't (it can't!) fail since I started doing it.

3. If you are confident to always have enough cash in your bank account, schedule automatic bill payments. I do it for electricity, phone and gas bills and it's 3 things less I have to remember each month. Thank God for small favors!

4. Set up email alerts in your account for when
  • a. new bill comes in
  • b. it's 7 days until due date
  • c. payment is posted on your account
  • d. you are close to your credit limit
  • e. purchase of $100 or more is made on your card


These alerts will remind you when it's time to pay and you'll never miss a payment.
 
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Zecco

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