Way back in the dark days when my credit card debt felt like a ball and chain around my neck I would have problems paying my credit card bills on time.
And man, was I so close a lot of those times!
I’d miss the due date by a day here, three days there. See, my budget was timed badly such that my paycheck and my credit card due date were within days of each other (I was living paycheck-to-paycheck for a while). By the time I could get my bills out they would already be late. You can always ask the credit card company to waive a late fee but I had too many to ask anymore.
One day I found out I could ask the credit card company to move my due date.
“They would do that,” I thought? I mean, why would they work with me since I owe them money?
Well, they would.
I called one company up and asked to move the date by about five days. This gave me enough time to make sure I had money in my account and get the bill sent out in time. They agreed. They saw that I was just missing the payment dates. After that I checked all of my remaining bills and figured out a timing schedule to make sure my bills would all be paid in time and called the remaining companies to work out new due dates.
This saved me so much in late fees!
This was also a huge step in getting a good hold of my debt. It was so dis-heartening to get charged a late fee when I was so close to paying on time. I finally found some power over my debt. And this is a huge point for those out there buried in debt – you can take control of your situation and make it better!
It seems like such an easy thing to do but back then I really didn’t have the head about me to think of asking for a new due date.
Nowadays, with online paying, it’s much easier to get payments in on time but it’s still tough when you’re living paycheck to paycheck.
So there you go! If your budget is real tight and you’re just missing due dates, call up your lender (or service provider) and ask to move the due date a few days. It can save you in late fees and help you stay on budget.