Credit Card Fixes After Halloween

Halloween has come and gone and now you’re faced with a shocking amount of credit card debt. But who can you blame when Halloween was extremely fun and exciting. For what it’s worth, those memories you made with your friends is a true treasure that will last a lifetime. However, no matter how sensible your Halloween reasons are, you still have the obligation to pay your dues. But how do you do this without getting boggled with the colossal amounts of expenses?

Organise Credit Card Bills

Don’t get baffled if you receive stacks of bills in your mailbox. If you do, you might never figure out what to do first, what provider to prioritise, or what bill is okay to skip this month. You’ll do better with a clear head. So organise your bills according to the due date and see which one has the largest charge. List down the details on a piece of paper for easy organising.

Verify Your Charges

Before you head on to paying your bill, make sure the charges listed are valid. Go through your bills and look for signs of unauthorized purchases or charges you know you didn’t make. For all you know someone did a shopping frenzy during Halloween using your name. You are protected by credit card law so don’t worry because your credit card providers will fix it. You just have to make sure nothing wayward is going on in your expense.

Set an Automatic Bill Payment

The last thing you’d want to happen is miss on a payment. Not only will this charge you with late fees but you’ll also get a lower score come next month. To avoid this, set up an automatic bill payment through your online banking account. Lucky you if your bank indeed has this service. If not, you can still do it the old school way- post-it on your fridge or desktop. Either way, you have to be reminded of your dues so do whichever is best for you.

Pay Bills From Largest to Smallest

If you don’t have the means to pay everything at once, you can use this method: pay whatever is the largest first then move down to the smallest. You need to get rid of the huge amounts first because it will significantly up your credit score. You do remember that credit scoring is based on your credit line and outstanding balance ratio, right? Besides, once the bigger loads have been eradicated, it’ll be a piece of cake to pay off the little amounts.

Now that your Halloween charges are settled, your plastics are now free and ready to do it all again for the Holiday season!