Credit means trust. Trust requires performance. Creditors expect a certain amount of variance, that's why there are late charges. Most of the clients that describe themselves as poor pay late charges on everything they owe. It's double interest. Don't pay late. Start today. The average household could easily save $100 a month or more, by simply avoiding late charges. Get out of debt by paying your bills on time. That's the first step. I have an obligation that has a nine hundred dollar a month late charge. Trust me, I have been the most diligent debtor since Ben Franklin! I haven't been late once!

If you have credit cards that are high interest rate it is more than likely you have paid something late in the past. Most banks will reward you with lower rates for making your payments on time. If you are climbing out of debt, switching balances from a high interest card to a low one may be a remarkable help.

If you have a low fico score you may have high rates on credit cards, but relatively low credit limits. Pay them off as quickly as possible. Make the payments on time, save the late charges. When you are out of debt start saving monthly. more