A woman using a credit card to make a payment at a cafe

The 3 Best Times To Pay Your Credit Card Bills For A Good Credit Score

Have you ever heard the saying “timing is everything”? Well, the same is true when it comes to making your credit card payments. More than half of the population in the United States has credit card debt. Over 40% of these people can’t afford anything more than paying the minimum payment. As a result, the rest of the people can end up with poor credit scores that can have serious consequences on their financial future.

Fortunately, there are some ways you can make sure you avoid the consequences that come with late payments on your credit card. It is important to make the payment on your credit card as soon as possible to prevent any damage to your credit and avoid having the interest rates increased.

Here are some of the best times to make your credit card payment to reduce the amount of interest you pay and boost your credit scores:

Before It Due

The best thing to do to keep your account in good standing and avoid any late payment penalties on your credit card is to pay the minimum amount before the cutoff time. If you miss the deadline for the minimum payment by even a few minutes, you will be asked to pay a late fee, and it can go on your credit record.

Before The Closing Date

Having a high credit card balance when the account statement closes each month can cost you valuable credit score points. If you are planning to apply for a loan or a mortgage, make sure you have the lowest credit card balance before the upcoming statement closing date.

A bundle of dollars depicting payment

As Soon As You Get Paid

Making the payment right after your direct deposit hits the account each month is a great way to make sure you can afford the payment and reduces the risk of late payment and possible returned payment. However, make sure you plan the payments to avoid paying too much from each paycheck and end up strapped for cash for other expenses the rest of the month.

Hire a professional Credit Repair Company

If you’re struggling with poor credit scores due to credit card debt and late payments, get in touch with an affordable credit repair service and enjoy professional assistance in improving your credit scores!

Book a consultation with the credit experts at Oak Credit Repair and hire fast and affordable credit repair services in the U.S. to boost your credit scores for a stress-free life.

 

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