Sign Up For Auto-Bill Pay

One of the most common causes of damage to a person’s credit is late payments. This one small issue tends to snowball before you know it and start hurting your credit. Late payments lead to late fees. When these fees mount up your interest rates and minimum payments go up and are harder to make each billing cycle. Before you know it your outstanding balance is much higher than it initially was and you are nearing your credit limit. Soon enough, a late payment could land you with a fee that puts you over your credit line, and then you get an over-limit fee. Now you're saying, “Is that really my credit report?“ See how it works? By enrolling in auto-bill pay with your credit cards you never have to worry about remembering to make a payment. The minimum payment is automatically deducted from your checking account at the same time every month so you do not miss any payments. Or you can choose to have the payment be more than the minimum. If you did not do this from the start and you have an account that has many late and over-limit fees, do not pay it off and close it. Creditors often look at length of credit, so keeping those cards open and working to improve your standing is better than just canceling the card altogether.