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Playing The Credit Card Game Avoiding Late FeesPlaying The Credit Card Game: Avoiding Late Fees Did you know that some credit card companies purposely send their customer bills out so late in the billing cycle that you would literally have to submit payment the day the bi You can avoid paying unnecessary late fees in a variety of ways. Dont credit card companies make enough on you off the interest rates? Check your statement carefully each month to ensure that youre not being charged late fees, even if youre confident youre mailing your payments out on time. Make Your Payments Online Almost every credit card company gives you the ability to make payments online. This will save you extensive time. Considering the fact that an envelope sent through regular postal mail can take two to three days in transport, and then another five to seven days to be processed (and have the payment applied to your account) by your credit card company- its a wonder any payment makes it to your account on time! Making a payment online is typically processed within 1 busi Schedule Automatic Payments With Automatic Bank Withdrawals Additionally, you can often set your account up to automatically get paid through your checking account on a specified date each month. If your credit card company doesnt offer it, your banking institution might have a bill pay feature you can use. Just select a date a few days before the bill is due, and let the credit card company draft your checking account for the payment. You will never have your payment applied after the due date and therefore eliminate all potential late fees. Have it Ready to Go! If you arent comfortable with making payments online, and you dont like the idea of giving your credit card company access to your checking account to pay themselves; you can still beat the system and play the credit card game in order to avoid late fees. You know how much your minimum payment is each month and that its typically do the same day each month. Have your check or money order ready to mail out, or get in the habit of writing it out the moment you receive your statement. Make sure the payment is mailed out the very next day and you should never receive a late payment. How to Handle the Dreaded Late Fees If you do happen to get a late fee, often if you call and request them to waive it for you, they will (provided you dont make a habit of it). They will probably remind you to mail your payment out at least 10 days before it is due because of the postal time and then the companys own processing time- so be sure to tell them you mailed it out well in advance of the due date. If you honestly feel that you are giving your payments enough time to get to the company and you are still receiving late fees on your account, you might consider mailing your statement with a return receipt or certified mail. This way, youll have a record of when it was mailed and when it was received and that can serve as your alibi and save you from having to pay a late fee (or give you leverage to having a late fee removed if one should be added!) This article has been provided courtesy of Creditor Web, http://www.creditorweb.com . Permalink: http://expert-talk.com/tips/650/playing-the-credit-card-game-avoiding-late-fees-335650.htm Related Tips and Advices
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