how to avoid missed credit card payments

How To Avoid A Missed Credit Card Payment

Even though a missed credit card payment is something you can recover from, it is certainly a situation you want to avoid in the first place. If you miss a payment, you can get charged a late fee, experience an increase in your interest rates, and even have your credit score drop.

That’s why you should work toward avoiding a missed credit card payment. To make this task easier for you, we have listed the five best ways to avoid a missed credit card payment, including making use of a payday advance in South Carolina.

Top 5 Ways To Avoid A Missed Credit Card Payment

Each of these methods for avoiding a missed credit card payment has been tried and tested by countless people. You can use one of these methods, or you can combine them together to ensure you reliably pay your credit card bill every time.

1. Enroll In Autopay

Autopay is one of the easiest ways to never miss a credit card payment again. Almost all credit card issuers today have an autopay function. This function will automatically withdraw a certain amount from your checking account every month on a day of your choosing. These automatic payments ensure you meet the minimum every month and never miss a payment.

Keep in mind that you can automate other bills too. Practically every bill you can think of probably has an autopay feature. Take advantage of these features so that you always pay the minimum every month.

One caveat of this plan is that you must have sufficient funds in your bank account in order for the automatic withdrawal to work. If you are short on cash, the money will not automatically be taken from your account, and you may miss the payment and also get charged an additional amount for insufficient funds in your bank account.

set up online alerts

2. Enroll In Online Alerts

Another feature many credit card companies offer is online alerts. You can set up your online alerts to email you a few days before the day you need to make the payment. This will remind you that you need to pay the credit card bill. If you select this option, remember that you will actually have to go in and pay the bill. The reminder only does half the work. You have to do the rest.

It might be a great idea to combine an online alert with autopay. That way, you can make sure you have sufficient funds in your account before the funds are automatically withdrawn from your account.

3. Set Up Alerts In Your Phone

If you don’t want to fill up your inbox with alerts, you can set up alerts on your phone as well. For example, you can set up an alert in your calendar or you can set up an alert in your reminders app. Either way, set it up so that the alert will show up on your screen whenever the day to pay your card comes close.

4. Pay Weekly Or Biweekly

Your credit card payment only requires you to meet the minimum once per month. One way that you can always meet this minimum is by paying weekly or biweekly. If you pay more than once a month, you will hit the minimum and spread it out over the month instead of just one payday.

Paying biweekly is a great choice if you get paid biweekly. Automatically pay a bit of your credit card bill after every payday so that you have sufficient funds to pay the bill every single month.

5. Get A Payday Advance

If you find yourself in an emergency scenario and don’t have the money to pay your credit card bill, you can consider a payday advance. A payday advance will loan you a sum of money to hold you over until your next payday. This loan can go towards paying your credit card bill on time so you can avoid late fees.

learn how to get a payday advance online

Tell Me More About A Payday Advance

An online payday advance, which is also known as a payday loan, is an option whenever unforeseen or emergency expenses have caused you to go over your budget and you’re unable to pay your basic bills. Payday advances should not be viewed as a get-out-of-jail-free card since you will have to pay the loan back by your next payday.

In order to qualify for payday loans from Carolina Payday Loans, Inc., you will need your driver’s license or state-issued ID, your most recent pay stub, and a blank check from your active checking account. If you have these three documents, you can get up to $550.

The in-person process can take as little as 30 minutes to complete, allowing you to get the money the same day or the next business day.

Get A Payday Advance Today

Use the tips above to avoid another missed credit card payment. If you absolutely cannot make your payment this month, you can consider a South Carolina payday loan. You can get the process started now by filling out the Carolina payday loan form and a representative will contact you by phone to guide you through the rest of the process.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.