SEATTLE, WA — (Marketwired) — 10/09/14 — With as much as everyone has going on in life, it–s understandable to sometimes forget to do routine tasks. But while forgetting to pick up milk at the grocery store or taking a DVD back to its rental location may not be a big deal, forgetting to pay a credit card bill matters. After all, most credit card companies wait for customers to forget to pay their bill, only to then hit them with a big late fee for their delinquency. Plus, too many late fees can result in higher interest rates, increased debt, and even damaged credit scores.
, an authority credit card comparison site, explains that consumers should always pay their credit card bills on time. But, in the event of an emergency, here are some tips for getting that late payment fee waived by the issuer.
Even if you are a day or two late, it–s best that you quickly pay the bill as soon as you can. The good news is that typical credit card transactions take a few days to go through, so this can buy you a bit of time, and it also gives you legitimate evidence to show that you paid the bill. The longer that you wait to pay the bill, the more likely it is that you–ll take a hit on your credit score and end up with a late fee. This is why you quickly make the payment as fast as you can.
Even though you should quickly pay your bill, that doesn–t mean that you should pay it all off. Instead, make the payment minus the amount of the late fee that you expect to be charged. In doing so, you have a bit of bargaining power and wiggle room when you call the issuer to state your case as to why you shouldn–t get a late fee charged on your account.
Not everyone likes the idea of setting up automatic bill pay, but this can truly save you a lot of headaches in the future. And in the event that you are trying to get a late fee waived, setting up automatic bill pay may be exactly what you need to impress the lender. By setting up automatic bill pay, it shows the credit card company that you won–t be making the same mistake in the future and that you are taking diligent action in trying to make up for your mistakes. It also shows that you have money to pay off the card, but your busy schedule got the better of you. After all, credit card companies want you to keep using their card, but you may not be as eager to do so if they won–t work with you. Setting up the automatic bill pay is a sign of good faith and it should be well reciprocated by the representative of the lending company.
After you have all of your ducks in a row, then it–s time to make the call and simply ask them to waive the fee. They may put you through the ringer and say that they need to talk with their manager, but keep in mind that you always have the option to close your card. If you have a good credit history and haven–t had many problems in the past, it shouldn–t come down to this, but keep it available if you need to. Ideally, the lender will tell you that they–ll waive the fee once, but they won–t do it again.
After having your fee waived, you may feel enticed to head back over to your bank and cancel the automatic bill pay. And while this is something that you could do, it–s not necessarily the wisest decision. The truth is that automatic bill pay will make your life easier, and it–ll ensure that these type of issues don–t happen again in the future. If you want to avoid future issues with your credit card lender, you should do all that you can to make sure that you avoid being late on a payment ever again.
About :
Creditnet is an authority credit card comparison site that offers innovative comparison tools to help users find the best credit card for their needs. In addition, the Creditnet Credit Talk Forum is a community of over 100,000 members that discuss credit cards, credit, debt, and credit repair daily.
Contact:
Alice Bryant
(800) 450-7805 x 10803
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