Money Raising Techniques

Tips and advice on raising credit, credit report,credit cards, loans, CCJs.

Sunday, January 08, 2006

Mortgage, Credit card bill, loans - Dont make a late payment, it can cost you !

Whether you've taken out a mortgage, have a loan out, or even some debts on your credit card make sure you don't do one thing...

Don't miss a payment !

Make sure you pay on time each monthly bill, (even if it is just the minimum amount for credit cards) The reason for this is that missing a payment shows up on your credit report showing you up as a bad payer.

If you have this footprint on your credit report, then it could prevent you from obtaining credit in the future.. so you've been warned


Tips for making payments on time
Set up a direct debit for your credit card + loan payments for your minimum payment to be paid every month. This way you are paying Automatally so you don't have to worry about missing a payment as they fee is being deducted automatically by direct debit.

Now the reason you missed it could have been because you didnt have enough sufficient funds in your bank, but if this is the case make sure you top up the bank account where money is comming from for your set up direct debit.

Its Amazing...
Borrow money that you don't have to repay back
==> Credit Secrets Revealed