Now it's time to
begin making payments on your credit cards.
Not exact matches
After your statement is posted
on the closing date, you usually have a grace period of at least 21 days (since the passage of the
Credit CARD Act of 2009) before you're required to
make at least the minimum
payment on the statement's balance and before interest
begins accruing
on your balance.
During the collection process that
begins after you miss a
credit card payment, creditors will generally try to convince you to get back
on track by
making catch - up
payments.
Missing
payments on these
cards or
making late
payments will not only damage your
credit and lower your score, it will increase your interest rate and can even suspend your eligibility in the rewards program, negating the reasons for having a loyalty rewards
credit card to
begin with.
Shortly after you have the first record about the
payment on your
card debt
made on time you
begin to receive offers to get the normal
credit cards which are not provided with an advanced
payment or deposit.
By
making consistent and timely
payments on your secured
credit card you will
begin to establish positive
credit lines to help improve your
credit score.
For example, if you have stopped
making payments on your
credit card on June 1, 2006 and the
credit card company sends you a letter demanding
payment in full
on December 1, 2006, your SOL time frame
begins on that date provided no further action is taken by you or the creditor.
When I lost my job, my husband and I didn't have enough income to pay our
credit card bills so we
began borrowing from one
card to
make minimum
payments on the others.
For instance, in the example above, even though a whooping sum of $ 1,300 was paid off from the
beginning credit card balance, the effects it had
on the average daily balance is insignificant because the
payment was
made just a day to the end of the month.
Establishing positive
credit management habits such as paying off your
credit card balances in full each month,
making all
payments on time, and only applying for
credit as really needed, should ultimately
begin to help improve your
credit scores no matter who is pulling them and what brand they're using.
You can use the «Debt Snowball» method to pay down your
credit card debt: List your
credit card balances from highest to lowest and
begin by aggressively paying down the
card with the lowest balance first, while
making the minimum
payment on your other accounts to keep them current.
• Greet customers and provide them with the menu and ensure that any discounts or deals are communicated to them • Ascertain that customers are being serviced by waiters or attendants by coordinating the liaison • Sum up customers» totals and print out bills after ensuring that the amounts are accurate • Process cash and
credit and debit
card payments and tender change and receipts • Balance cash drawers at the end of each shift and
make sure that any discrepancies are resolved prior to closedown • Count cash at the
beginning of each shift and ensure that sufficient change is available • Fill out bank deposit slips and deposit all earned cash at the end of the day • Provide assistance to waiters during rush hours by preparing and packing orders • Take and process orders for takeaway and deliveries and follow up to
make sure that they are prepared
on time • Resolve customers» problems and complaints by providing them with the highest level of services • Ascertain that inventory of supplies such as condiments, napkins and food items is updated
on a constant basis • Pack food items according to customers» instructions and ensure that appropriate condiments are added with packed items • Take reservations over the telephone and in person and ensure that restaurant managers are
made aware of them
What if you don't have any other choice but to
begin using
credit cards, and you have no way to
make the
payment on them?