[Y]ou open up the credit card statement only to see another $30 late payment fee assessed. Ugh! You can’t believe you forgot to make a payment on time again. In between running the kids to daycare or school, meeting with clients and taking care of errands on the weekends, some things just get pushed aside.
Unfortunately, pushing your bills aside is not a good option. You end up paying more for your purchases or services with all of the late fees. It can also increase your total debt and your monthly payments.
Why Change the Due Dates on Bills?
When you change the due dates for your payments, it makes it easier to keep track of. You can put them on specific days, such as when you get paid or when you have more time to pay bills. Instead of having them staggered throughout the month, put them in groups so you only have to remember to pay bills a few days each month.
You can also set up your payments to come out automatically on the same day each month. This works great if you can’t remember to do it on time.
How to Change the Due Dates on Your Bills
You must contact the biller to find out if you can change the date payment is due and where you can move it to. Some creditors require you to change it only a few days one way or the other. They may allow you to change the date once a year or even just once over the life of the loan.
You’ll want to talk to the creditor and find out their rules. Once you know your limitations, look at your calendar to decide which day works best. Make sure you will have money coming in to cover all of your bills. You can also move them to follow your pay cycle to ensure you have the funds for payment.
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