Almost pulled a major blunder this month, by forgetting to pay my MasterCard Bill when it was due.
Let’s review, when you don’t pay your Credit Card Debt off monthly, you then incur EXORBITANT usury fees, that dig you a hole that you will have a very hard time to get out of, so paying your Credit Card debt off monthly and on time is of vital importance in any financial plan you put together.
What I usually end up doing is putting the date of when the payment is due in Outlook, and then download from there into my Smart Phone so that there is a reminder there as well. I should really write it on the Calendar at home on the Fridge as well, and you may have other places where you put important dates, but that one is really important.
Pay that darn credit card off ASAP!
Carrying credit card debt will hurt you financially, make sure you get rid of it and pay it right away.
I was able to call and ask that the penalties be reversed, since I am a “good” customer (i.e. I spend a lot of money with the card and I pay it off every month), and MasterCard was nice enough to forego it for that month. Since I had paid the entire amount, I didn’t have to pay any more penalties as well.