Credit Repair Tips For Managing Your Bills

Aug 12, 2021
Bad Credit Tips


Before starting a credit repair program, it is important to stay on top of your bills to stop late fees and negative hits to your credit score. The first step to staying on top of your bills is to always pay them on time. This article offers tips on how to stay on top of your bills, such as setting up auto-pay and reviewing bills online.

 

Set Up Automatic Payments

One way to ensure on-time payments is to set up automatic payments. Automatic payments can be set up with your bank, a utility company, or even a mortgage company. One benefit of setting up automatic payments is that you can set up to have bills paid automatically from different accounts depending on the account type. For example, you can direct rent to be paid from your checking account and utilities from your savings.

 

Put Due Dates in Your Calendar

If you have a due date, write it down and stick the bill in a spot that doesn't change so you'll remember when it is due. You should also be aware of which day payments are due and set up auto-pay or call the company if the payment date falls on a Saturday or Sunday as some companies may not process your payment until Monday.

 

Reduce the Number of Bills You Have to Pay

You can reduce the number of bills you have by eliminating services that are no longer necessary. Also, review monthly bills to make sure they are still being provided by the company and don't exceed your current needs. For example, if you have home insurance through your mortgage company, you should check to see if homeowner's insurance is cheaper on its own (or whether it would be best for you to drop it altogether).

 

Pay Off Debt

Paying off debt is the ultimate way to stay on top of your bills. You can pay off credit cards and loans by making a plan to pay off one loan before moving on to another. You can also choose to be aggressive and pay off one loan or card at a time. The key is to stick to your plan and not deviate as you progress. Not having any debt payments to make will free up the amount of disposable income that you have access to.

 

Check On Accounts Weekly Online

One way to stay on top of your bills is to check your accounts online. You can pull up statements from accounts you have and review them weekly. You will be able to track any changes, like purchases that were posted incorrectly or checks that were returned as unpaid and see if you have any pending activity through email notifications.

 

Invest in a Personal Finance Program

A personal finance program is one of the best ways to stay on top of your bills. Many programs are available that can track monthly bills for you and keep data in one place. This way if you have questions about an account, you can easily find the information you need. These programs also offer tips and advice on how to reduce spending and save money on a regular basis.

 

Consider Downloading a Financial App

A financial app can help you stay on top of your bills in a number of ways. The app can notify you when a payment is due and let you know how much money is available in your accounts to pay the bill immediately if necessary. Many apps will also show your credit score, which will let you know how well (or not) you are doing at paying off credit cards and loans.

 

Need Cash For Bills? A Car Title Loan Can Help

The amount of time it will take for you to repair your credit depends on your financial situation. However, working on your credit is valuable no matter how long it takes. You'll be able to get more competitive rates for loans and have access to the money you need.

 

If you need money now, consider a car title loan from Rapid Auto Loans. Contact us today by going online or calling 954-960-7097​​​​​​ to learn more about our instant application approval process and eligibility requirements.

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Rapid Auto Loans is a consumer finance company licensed under Florida 516. The term title loan is used for marketing purposes only.
All loans have a repayment period of 12 months and there is no minimum prepayment penalty. Interest Rates are determined and approved by the State of Florida based on the borrowed amount and the maximum APR (which includes interest rate plus fees and other costs for a year) is 30%. You pay interest only for the time your loan is outstanding. Below is a representative example of the total cost of the loan, including all applicable fees:
3,233.68

APPROVED LOAN AMOUNT

0.00

Government Fee

25.00

Credit investigative Fee

11.55

Documentary Stamp Tax

3,270.23

Total amount Financed

11/1/2016

Original Loan Date

29.07%

APR

316.39

Monthly Payment (x12)

Rapid Auto uses “Auto Title Loans” for advertisement purposes only and provides auto equity loans. The lenders are licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such lenders loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of lenders activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.