I am not in favor of a Loan but there are times when we need to get a Loan for something like for a Car so we need to get ourselves ready and if we pay all our Credit card bills on time or before time then it does help our credit score and by having a good score we can secure a loan easily and at easy terms.
Pay Credit Card Bills On Time for Easy Loan
- Thread starter Hate2Wait
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- #3
Yes it's important to pay on time or a few days before the due date and all these help in maintaining our credit score and we don't need to pay any penalty or fine so better to pay on time and reap rewards just by following these tips.
You said you are not in favour of loans then why do you own credit cards?
I also don't like taking loans so I don't own credit cards. Why should I need it because I spend as per my earnings?
I will take a home loan soon just to save myself after retirement.
I also don't like taking loans so I don't own credit cards. Why should I need it because I spend as per my earnings?
I will take a home loan soon just to save myself after retirement.
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- #5
I don't have any credit card and when I need I take help of my friends or colleagues and yes we need to pay our bills on time and if possible before time so that we can work on our Credit score and having good credit score will help in getting easy loans.
To gain access to having more loans, you need to build your credit ratings by paying back loans quickly.
this is one of the major important things people must know. If you do not pay on time you will have limited access to loans and grants.
I use credit card very often for cash back and rewards. I always pay my credit card bill on time to avoid paying interest and penalty.
Cash back and rewards are the perks of using credit card, and we can always ask for free anual fee every year, so we dont have to pay for it too. Paying credit card on time and full payment is A MUST. Do not use credit card if we dont have the money to pay it next month
Yes, I totally agree with you.
Nowdays, people always misunderstand the concept of having credit card. Its not an extra money, its a debt that we have to pay next month. Young generation mostly dont get that point and drag themselves into debts and blaming the credit card company.
Payment of credit card bills early would increase your credit ratings so that you can take better loans in the future.
