We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

help! i paid my credit card too early, and now it's too late!

Options
2»

Comments

  • exoteric that sounds good! i didn't realise you could have it so that it takes something if you forget to pay only.

    i might just do that :)
    Spreadsheet-obsessed.
  • Shelldean
    Shelldean Posts: 2,419 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    jamesml wrote: »
    I know you said you didn't like money flying around, but you really should consider setting up a DD to cover the minimum payment. That way you are guaranteed not to be late, even if you end up paying interest.

    I do this with both OH and my own mbna cards... However be warned if you pay at the wrong time of month they don't collect the DD. Tho at least you'll still not have the missed payment would you?

    I always pay extra on ours between the DD date and the statement date.
  • Shelldean, i'm totally sold on this now. Going to set up a direct debit into my current account which has an planned overdraft in case i have cashflow issues or it tries to take the money when i'm not ready!

    never ever again will i cause myself this worry haha.

    going to blame my forgetfulness on the stress of house buying :/
    Spreadsheet-obsessed.
  • ybbon66
    ybbon66 Posts: 98 Forumite
    Use a DD to pay the minimum, and then set up a Standing Order - because you control that you can change how much you pay off on that or indeed just call the bank and have it not paid that month, secure in knowledge that the minimum has been paid by DD so what you do with the SO will not affect that.
    April 2008 - Epiphany - At least £28K owed to 5 CC's
    [STRIKE]Mint (3k)[/strike] - Paid Dec 2010
    [strike]Egg (2K)[/strike] - Paid 2009
    [STRIKE]Barclaycard (5K)[/strike] - Paid Jan 2013
    [strike]FirstDirect (11k)[/strike] - Paid June 2013
    MBNA [strike](8K)[/strike]/£4183 -August 2014 -Resurrection - MBNA to be paid in full 8/14 :j
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.