How to Move Your Payment Due Date

Don't fall victim to avoidable penalties

(Image: Thinkstock)

Are all of your bills due at exactly the same time of the month? Tired of feeling broke 24 hours after you get paid?

While you may feel stuck with whatever is handed to you, many companies are actually willing to work with you. Contrary to popular belief, the process to get your due dates changed is relatively easily.

No one is out to cause you a financial hardship each month. The creditors just want their money and stretching a few of these due dates throughout the entire month could very well help you breathe a little. Different creditors may have different policies on how to achieve this, but a great percentage do have a policy in place to get it done.

Here are a few steps to follow in order to move your payment due date:

Seek out help immediately: Don’t wait until you’ve missed a few payments or have been late excessively. On one hand, it does demonstrate that there is clearly a problem, but on the other it may lower your negotiation power. Get help quickly before you ruin your credit over something that’s an easy fix.

Check the company’s website first: Several credit cards and utility companies have instructions plainly listed about what it will take to change the new date. It’s usually found under a Customer Service related tab and will guide you to follow prompts in order to complete your request properly.

Click here to read more.

ACROSS THE WEB