Never Miss Another Bill Due Date with This Advice

Missing a due date for a bill happens to everyone at some point, but although it may seem like a simple oversight, it can have costly repercussions. If you miss multiple due dates on an ongoing basis, you could end up paying for your errors for an extended period of time, as late payments drag down your credit score and haunt you for seven years. Fortunately, there are things you can do to make sure you never miss another due date, and some of the tools may already be integrated into your credit union accounts. Try these suggestions to keep up with your due dates.

Use Online Bill Pay

If you prefer a set-it-and-forget-it approach to paying your bills, online bill pay could be exactly what you’re looking for. With online bill pay from GCS Credit Union, simply set up the date and amount of payment for each bill you have, and your payments will be automatically sent to your creditors at the right time. Make sure you have your payments set up for at least the minimum amount so you never miss a deadline, but be aware that you can change the amounts at any time to pay more when you want to. For bills that change monthly, such as utility bills, you can still use online bill pay. Just set up your payment when your new balance is available.

Align Your Due Dates

Creditors will often allow you to shift your due dates, so consider making your bills all due on the same day or spacing them out on two or three specific dates each month. This will help to prevent anything from slipping through the cracks and also makes it easier to line up your payment with your paycheck dates.

Set Up a Day Each Month for Financial Management

If you automate your bill paying process as much as possible, you remove a lot of the room for error. However, it’s still important to check in on your finances monthly and make sure nothing needs attention. Pick a day each month to review all of your accounts and to make any necessary adjustments.

GCS Credit Union offers easy and convenient online bill pay along with a variety of other tools for staying in control of your finances. To learn more, contact our credit union in O’Fallon by calling (618) 797-7993.

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