Whatever the repayments, pay on time. Likewise with credit card installments, you should be paid on time. By never being late, you as a user will avoid late fees. Do you want to pay credit card installments plus fines and interest? Anyone would not want to if you experience it.
That is why card users are advised not to be late paying credit card installments. If possible, payment is made after receiving a billing statement. Besides being required to pay late fees, there are several other important reasons why card users must be disciplined to pay credit card installments. Following, the reasons:
1. iDeb SLIK OJK is good
Maintaining a credit score in the IDD SLIK OJK remains good as important as maintaining credibility in the eyes of the bank.
As Good Bank has mentioned before, applying for a KTA depends on how well the debtor’s credit score is good. Therefore, if you have a plan to apply for a KTA loan, take good care of your credit score. The reason is, banks trust more people who have good credit scores.
One way to maintain this credit score is to pay credit card installments on time or before maturity. However, don’t ever think about not using a credit card once in a while. Because, it will not be good for credit scores.
Just to know, the credit score needs to be updated or updated. Using a credit card regularly every month is a way to keep your credit score new. In addition to a good credit score, banks will increasingly believe if they see a credit score that is always new.
2. Credit card limits quickly return to normal
Because the card limit is less, deh forced to postpone the purchase. In fact, this does not have to happen if the credit card installments are paid before they are due.
The faster you get paid, the faster the credit card limit returns. Moreover, installment payments are made after the billing statement is issued. That is better. One thing to note, it does not mean the speed of payment is made forever, okay? For example, you want to pay installments before the billing statement is issued.
It should be avoided because the bank will enter the transaction in the previous month. Do not rule out the possibility that it can cause over limit.
3. The 0 percent interest installment program continues to run
It’s useless to join the 0 percent interest installment program if you are late paying credit card installments. Automatically, installments will be charged interest as soon as the user pays the installments past due.
Unfortunately, as mentioned earlier, not only pay interest, the user is also required to pay late fees. Happens to double the fee paid right?
4. Avoid the possibility of accumulating debt
Avoid debt accumulation. The average person who is entangled in credit card debt initially due to late payment of credit card installments. Starting from that frequency, over time these behaviors become habits.
Of course the late pay habit will have a negative impact. The most fatal if the impact makes credit card debt pile up. Thank God that you can still be paid in small increments. How about that? The users already experienced a default tuh!
Well, those were the reasons why credit card installments must be paid on time. By really paying attention to the things that have been said earlier, you can later wisely use a credit card and of course feel the benefits of the card.