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Tips on how to avoid paying penalties on credit card
#11
Put your bills in the door of your fridge. It works well on me since I'm always using the fridge. In that way you'll get reminded for the due dates of your bills that is needed to be settled.
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#12
Avoid penalty rates by knowing your minimum payments, each of your credit cards has a minimum payments, usually based on a percentage of your overall balance on that card, keep track of your minimum payments for each card, It's a moving targets as it adjust monthly based on your interest rate and your balance, so don't assume that your minimum payment last month is the same as your minimum payment, Find out your payment due date, Send your payments in early, Set up an automated payment system if your'e forgetful, Monitor your credit card limits and Pay with overdraft protected account.
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#13
Simple, don't skip your payments and you will be alright. Many people really skip their credit card payments that's why they are experiencing problems in their credit card debts.
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#14
(02-04-2018, 03:05 AM)kaisantos2229 Wrote: Simple, don't skip your payments and you will be alright. Many people really skip their credit card payments that's why they are experiencing problems in their credit card debts.

This is so true, and have you wondered why they miss or skip paying those debts as and at when due? It's mainly because of their inability to have fund to pay probably as a result of having less job or poor paying jobs but mostly use their credit card for virtually everything they need to buy. At the long run when their earnings comes in, it wouldn't be enough to clear the credit card debts thereby making its impossible for such person to stay out of penalty.
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