Avoid Late Payments On Your Credit Report With These 6 Tips

August 9, 2021 | Emma Frost

late payments on credit report

Payment history accounts for 35% of your credit score, which means late payments on credit report can impact your credit score. Whether the late payments are due to an accidental oversight or lack of funds to pay off your credit, it’s always best to avoid late payments.

Here are six tips you can use to avoid late payments on credit report to help boost your credit score today, including using cash advance payday loans Florida offers to cover any income gaps and stay on time with your payments.

6 Ways To Avoid Late Payments On Credit Report

1. Set Up Text Alerts And Email Reminders

The easiest way to avoid any late payments on credit report is to set up text alerts and email reminders for when your balance is due. Many credit card companies and banks have this function built into their app or website. Simply log into your account to set the functions up.

If you need additional help, you can program due dates into your phone or write them into your physical calendar. It doesn’t matter what form of reminders you get as long as reminders are set up in a way to get your attention and not be overlooked.

2. Automate Payments

If you know you have enough financial security to avoid overdraft fees, automate your payments. Automating your payments ensures a certain amount of money will be deposited consistently without you ever doing anything. This is a perfect option if the biggest reason you are a victim of late payments is simple forgetfulness.

3. Double Check To Make Sure Your Payments Went Through

If you decide to automate your payments, we still recommend setting up a text alert or some sort of email reminder. That way, you can double-check to make sure your payments went through. 99.9% of the time, automated payments will go through on their own, but there’s no downside to double-checking to ensure everything went according to plan.

4. Pay Throughout The Month

Instead of waiting until the due date to pay off your balance, pay throughout the month. That way, your minimum is paid before the due date ever arrives. In other words, you don’t risk late payments because you pay in advance. This is a great idea if the due date falls on a day that does not line up with your scheduled work checks.

5. Pay Your Statement As Soon As Possible

Let’s face it, accidents always happen. If you notice that you forgot to pay off your bill, pay it off as soon as possible. Late payments on credit report do not affect your credit score unless they are over 30 days late. So, if you catch your late payment two or three days after it was due, it won’t affect your credit score at all.

Of course, any late payment will likely lead to small late fees, but a singular late fee is much more desirable than an affected credit score. Just pay the bill as soon as you realize it was missed!

6. Catch Any Errors

Always make sure to monitor your credit reports to make sure there are no errors. Occasionally, late payments on credit report are due to some accident outside of your control. If you know you paid off a bill, contact the company to dispute the error. If you are correct and the report is an error, it will be removed.

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Get A Cash Advance Near Me For Emergencies

Even if you have missed a payment or two, life still needs to go on. But since emergencies happen, you may find yourself looking for a cash advance near me. A payday loan is a cash advance that helps bridge the gap between pay periods.

An emergency payday loan helps you when you have an emergency that cannot wait for your next paycheck to come in. These are emergencies like home or car repairs, late rent or mortgage, and even emergency travel. These are situations that cannot be put off because they can get worse. While it won’t permanently fix your finances, it will help with these emergencies and some late payments.

If you are worried your credit will get in your way of a cash advance near me, you need to find companies that are willing to work with your credit despite it being poor.

With Fast Payday Loans, Inc., you can have access to cash advances even with your poor credit. We welcome all credit, including good and bad. In other words, you can still find cash advance near me even with late payments on credit report.

How To Get Your Cash Advance Near Me

The process of getting payday loans from Fast Payday Loans, Inc. is relatively simple. In fact, the process for getting a cash advance near me can take as little as 30 minutes.

Simply fill out the online form on their website and wait for a representative to give you a call. After that, the representative will let you know what you need to bring in and how the process will continue when you arrive.

Gather your government-issued photo ID, your most recent pay stub, and a blank check from an active checking account in your name and head over to the nearest Florida cash advance near me. The loan representative will assess your items and determine if you qualify for approval.

If you are approved, they will go over the loan terms and help you fill out the paperwork. Once you are done, you can get the money deposited into your account either the same day or the next bank business day.

Avoid Your Late Payments And Save Your Credit

By following these six tips, you can avoid late payments on credit report and help boost your score in the long run. If you are short on cash and need a payday loan, Fast Payday Loans, Inc. can help you get the financial assistance you need, even if a late payment or two has affected your credit reports. Fill out the online form today to get started.