Her work has appeared on MSN Money, MSN Travel, TheStreet, MainStreet, TheSimpleDollar, Cheapism, KPBS (the San Diego affiliate of National Public Radio) and in Westways Magazine. Mia Taylor is an award-winning travel and finance journalist with two decades of experience. Tips for Improving Your Credit: Your Amount of Debt.How Credit Impacts Your Day-to-Day Life.The worst-case scenario is they say no.”Īll that’s left now is to implement these tips and take control over your bill payments. “Most people don’t realize you have leverage to call up and ask to change the date,” said Whipple. Many utility companies even call it out as an option on their websites. Most companies make it fairly simple to change a bill’s due date, even allowing customers to do it online. (You can check your credit score for free on .) And it’s no secret that paying a bill past its due date often involves a penalty in one form or another-whether it’s a late payment fee, an increased interest rate, or a lowered credit score. Avoid late fees, excessive interest and lower credit scoresĪ 2017 study from the National Foundation for Credit Counseling reported that about one in five people (22%) do not pay their bills on time. “It’s just great discipline for yourself.” 3. “The closer you can pay the bill to when you receive your paycheck, the better chance the bill will get paid,” said Joseph. In addition, rearranging your bills this way, especially when you’re living on a tight budget, ensures that the bills are a top priority, says Dawn-Marie Joseph, founder of Estate Planning & Preservation. “Lining up bills with your payday allows you to get that money out of your bank account as soon as possible, so you know how much money you have left for the rest of the month,” said Whipple.
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