4 Methods to NEVER fall behind when paying debtsOn November 1, 2019 by admin
Delay in debt payments is relatively common, unfortunately it is a sensitive issue and not many know it, a delay is reported automatically and immediately to the credit bureau and this will become an imperfection within your credit history, imperfection that, If left unchecked, it can become a problem when applying for new loans or credits.
That is why it is very important to never fall behind when paying debts, and in this article we show you 4 methods to achieve it . Follow any of the following strategies and we promise that you will not suffer from a credit bureau report again.
4 Methods to NEVER fall behind when paying debts
1. Remember the Milk
Remember the Milk is a free app that allows you to set automated reminders for a variety of categories, paying cards is one of them. This method is due to the need to remember what you can easily forget, and although it seems incredible, many people relegate to pay their cards either for the amount due or simply forget their deadline, and when they fall into account it is too late and interest They have already reached and passed.
Download Remember the Milk here for your mobile device (available for iOS, Android and even Windows Phone), set your reminders for every payment you need to make and, now yes, you’ll never forget that deadline on your credit account statement . It is a completely free and extremely useful app .
2. Payments to the Court
This method is simple enough. All account statements have a cut-off date, and on that same date an email is sent to the user to take into account their due balance along with their payment deadline. This method requires ignore the payment deadline instead must pay the debt on the same day that you receive your statement, that is, pay your court date.
Now, this method requires, first of all, that you request the electronic sending of your account statements, because if you are still receiving them by traditional mail you might receive them long after your cut-off date. Secondly, this method also requires that you have available the balance to be paid in advance , for which it is recommended to have a specific amount for the payment of debts, untouchable for other categories, with this you can make your payment on the cutoff date without wait.
3. Make ALL payments one day
This may be the most complicated method for the vast majority of borrowers, particularly because it means paying off the same day monthly debt for all cards or loans , this means that you need to have the total amount to be paid on the same day. However, it is one of the best methods to never fall behind when paying debts, the reason is because you will know that every day 30 of each month (or every day 5, or the day you prefer) you will have to make the timely payment of Your debts
This resolves the forgetting of deadlines, because that way you will pay everything you owe the same day. Accommodate this payment date depending on your account statements, and if necessary you can negotiate with your bank or financial group the change of your cutoff date and limit , so that you can fit all your payments in one day.
This is the most effective and fastest method to perform to never delay you in paying any debt. Consolidation means combining all your debts into one, which will allow you to have only one monthly payment and not one more. To consolidate you just have to make a rigorous sum of all your debts and active credits, and with this number you must request a loan that covers that amount and, immediately, pay all your debts.
Now the only monthly payment you will have in force will be the one of the loans you requested, and you will never have a delay in your payment of debts.