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Just about everybody loathes late fees -- and, today, being late will weigh heavy on your wallet. In the case of some charge cards companies these days, if you don`t submit your payment when it becomes due, you`ll be asked to cough up as tidy a sum as $40 each time. Late fees such as this can put a nice sized hole in your pocket real quick.

Below, I`ll present some valuable pointers as well as ways and means to evade those horribly expensive penalty charges known as `late fees`. This won`t merely help you save a very tidy sum in the long run, but it`ll also discourage the cash-hungry credit card providers (I`ll refrain from naming them specifically) from reaching for the money you`ve worked hard for.

All you have to do is settle your card dues -- One of the safest means to steer clear of a the fee charged to your account if your minimum monthly credit card payment does not reach your lender by the due date (late fee) is to just pay up your card dues every single month by mailing a check, money order, or other mode of payment to the relevant creditcard online company. Just make sure you abide by the numerous guidelines -- which are usually outlined on the other side of each card bill -- telling you what you`re supposed to do to submit your card bill. It is imperative that you strictly abide by these procedural guidelines if you are eager to ensure that your payment will go through on time.

These procedural guidelines could include any number of details, beginning with a specific payment address, to the time of day by which the payment has to get to the specified address to be accredited that day. Quite a few providers additionally specify that cardholders` payments must get to the specified address only in the preprinted envelope provided to the client.

While the federal Fair Credit Billing Act makes it mandatory for online credit cards companies to formally accept submitted payments on the very day they get to the specified addressee, every card provider is allowed to set particular payment guidelines. If one or more of the procedural rules are not met, the card provider is within its rights to take up to five additional days before they officially accept that cardholder`s payment.
A timely payment might easily turn out to be overdue in the course of this five-day period; so follow these payment guidelines meticulously.

Just skip the payment -- Among the more rare sorts of strategies out there are `skip a payment` (SAP) services that get you a waiver on a monthly payment. You could use SAP services when you want to `pass` home mortgage, credit cards online, or loan payments, without incurring a late fee or a bad mark on your credit report. To avail of this service, you would first have to get in contact with your bank just to find out whether such a service is even an option for you. There are also autonomous firms out there who will make it possible for you to skip a payment, without incurring a late fee or a bad mark on your credit report, irrespective of which bank you normally deal with. The fee you have to pay for this convenience depends on which of these services you decide to use. When you use such services, first ensure that you are aware of how much you will be charged, following which you can make up your mind whether you`re getting good value for the service.

Pay up the minimum due on your card bills right away -- Among the simplest and surest means to prevent having a late fee billed to your card account is to square your minimum due on your card bills right away. As soon as you are sent your card statement, pay up at least the minimum due on your card bill. Sending the amount in good time will always insure that your creditcards online issuer received the minimum payment. You can always remit an additional payment later, in case you think you can pay more toward the card balance. Ensuring that you clear the minimum due on your card is a really efficient practice, if you want to avoid missing a monthly payment, since even if it slips your mind that you`re to remit an additional sum, you can make very sure that your card company won`t charge you penalty charges as you`ve already cleared the minimum due.

Move the date when your card payment is due -- Are your credit card bills due at that dreaded time in each month when you`re running low on cash? A number of people aren`t too good at earmarking cash to settle monthly dues, and, as a result, when the date for settling the creditcard online bill amount comes around, they just haven`t got the means to square the bill. One of the best ways you can solve this problem is to move your due date. A number of creditcards providers will allow you to give them a payment-due date that is most suitable for you. In case you`re someone who finds it tough to put aside money, move the payment due date to that period of the month when you are very likely to have cash available, such as the date on which you are given your salary. If you arrange things so that your card bill is payable on the very day that you get your salary, you will always have money available to fork out for your bill.

Pay by phone -- In case you happen to be an incorrigible procrastinator, or in case you simply didn`t remember to mail your online credit card dues so as to reach the company in good time, you always have the option to pay by using the phone. This insures that your payment will be on time. Simply give the company rep the number of your bank checking account and your RTN (routing transit number), which you`ll find printed at the bottom of every check. Usually, the routing transit number is at the start of the numbered sequence, with your account number following. Many issuers make it possible for you to send in a payment by phone, although a number of them will have you pay a tidy sum for this convenience. Fees can be anywhere between 5 to 20 dollars.

Use other available express methods -- In the event that your bank does not provide a service that enables over-the-phone payments and in case you are desperate to send in your payment to the creditcard companies as soon as possible, try either getting your payment across by an expedited courier service (such as express mail) or through Western Union. Either of these express services will enable you to submit your payment to your credit card online companies without delay. These express payment modes certainly aren`t cheap, although it will always most likely be less expensive in comparison with any pecuniary charges you`d otherwise have to pay in the form of late fees. Remember to double-check that you`ve got the right address when you submit your payment using Express Mail or Western Union. Several online creditcard providers insist on different addresses for payments sent by express methods. It would be the ultimate irony to delay the processing of an express payment by sending it to the wrong address.

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