Have you considered placing your credit card on an automatic payment plan? By linking your credit card to a bank account and having your monthly payments automatically deducted, you do not have to worry about the possibility of missing payments and harming your credit score.
However, it does take some planning to set up your auto-payment plan properly to avoid other mishaps that can adversely affect your credit. Here are 5 tips to help you embark on an auto-payment program.
1. Schedule Payment Timing and Amount – If your charge pattern and/or income is not predictable, there are going to be occasional mismatches in your cash flow. Without managing your cash flow, your payment deduction date could end up falling in a gap between a peak balance on your card and your next paycheck. You could run the risk of dropping below minimum deposit requirements for your account, or end up with an overdraft and subsequent penalty. Look over your regular cash fl...
from MoneyTips https://www.moneytips.com/5-moneytips-for-automated-credit-card-payments
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