Avoiding Late Fees
Written on July 18, 2010 – 3:08 pm | by Barbara Sermons
The absolute last thing that we need right now considering the economy is unnecessary late fees. The average fee that is charged for a late payment by a credit card company is a surprising $39 dollars. But when you are literally living from one paycheck to the next and trying to juggle the due dates for so many different bills, sometimes these painful late fees can seem completely unavoidable. Not only do late fees add to your mounding debt, but they also put you at risk of an increase in your credit card interest rates, because falling late on your payments makes you appear as if you are a larger risk to lenders.
Understand your Deadlines
It is important for you to get to know the policies for the lender you are working with.