SpiderMan120988 asked:
Right now I have a bill for 675.72 and I only have 524.62 available right now so I’m paying that, however, my paycheck comes 3 days after the due date of the credit card bill so is it all right if I just pay the rest off immediately? Also, what would I put in the envelope, just the money order/check and just mail to the address they gave me? How will they know what it’s for?
Mydomain.com
Right now I have a bill for 675.72 and I only have 524.62 available right now so I’m paying that, however, my paycheck comes 3 days after the due date of the credit card bill so is it all right if I just pay the rest off immediately? Also, what would I put in the envelope, just the money order/check and just mail to the address they gave me? How will they know what it’s for?
Mydomain.com
#1 by lisa s - September 29th, 2009 at 19:24
Yes it is fine to pay the bill early.
Since you are paying the entire thing off, there is no issue but if you were making a payment that was less than the full amount, you might want to be careful because if your billing cycle closed July 15, and you made a payment July 10 and July 14. You would still need to make a payment for the august’s billing cycle even though you made two payments in one month…..
Okay so be sure to put your account information on the money order so they will know where to credit the money.
(you sound like you are well on your way to having an excellent credit rating)
#2 by deirdrezz - October 3rd, 2009 at 02:59
Pay what you can and pay the rest off asap since you will pay a percentage every day that you have a balance. Ask the institution if you can change your billing date to better coincide with your pay check.
#3 by bdancer222 - October 6th, 2009 at 01:24
Yes, you can do that. Be sure to put your account number on the check.
You will be charged interest since you are not paying the entire balance before the due date. Interest is calculated on the average daily balance, not just the unpaid balance. The interest will show up on your next statement.
#4 by Sir Torex - October 8th, 2009 at 12:04
If the system of your credit card is same to us here in the Philippines you have to pay only the minimum differed which is about 25% only from your total credit balance. If the amount you mentioned is already a minimum differed the credit card company has another option to pay atleast half from your minimum differed amount. So the cash you have now in your hand is more enough to settle your problem.
By sending payment tru mail has a risk losing way to destination on time. More better to pay directly to your nearest bill payment center.