If you’ve ever owned a credit card, and most people have at one point or another in their lives, they can be both a blessing and a curse.
If you are like me, you can probably recall that awful sinking feeling in the pit of your stomach when you receive your statement in the mail. You frantically try to remember all of the purchases you made in the last month, and at the same time you scramble to remember if you made a payment and how much you put down towards the outstanding balance.
Oops, you didn’t.
Or how about that time you did some cleaning and found the credit card bill you swore you paid, but clearly you didn’t because, well, it’s sitting right there in you hand?
I’ve been there!
Missing payments on your credit card is a quick way to rack up late fee charges, hike up your interest rate, and possibly send your credit score into the dump.
I’m not even talking about whether you can afford what’s on your card or not. That’s a whole other issue. I’m talking about missing the due date on your credit card payments.