Do you constantly struggle to meet your payment deadline each time? Does your payment deadline not align with when you receive your monthly income? You may want to think about changing your payment deadline, in order to struggle less each time that deadline comes around.
Here is how you can change your payment deadline.
How to Reset Your Due Date
There are companies that may allow you to change your deadline online. For example, Discover allows their customers to log into their accounts and reset their deadline with customer service. However, in order to do this you must be in good standing, where you have not missed a deadline. You are also only able to change your deadline once every 90 days.
There is also a number on the back of your credit card that you can call to get help with changing your payment deadline date. Once the U.S. Bank accepts this procedure of changing your deadline, your bill will be due on the new date set on the next billing cycle. It is a good idea to still keep paying on the regularly scheduled due date to ensure that you do not miss a payment, so that your credit score isn’t hurt.
Keep in mind that changing your payment deadline may incur extra interest charges to your account on balances carried over. Although, This will be charged once, and will return to normal on the next billing cycle.
It May Not Be Guaranteed
Having your payment deadline changed is not promised and it depends on your standing with your bank. Additionally, the date that you want may not be available. Most companies will not let you set the date to the 29th, 30th, or 31st, because not every month has these days.
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Bottom Line
If you are struggling to make your payments on time, it may be a good idea to change your payment deadline. Some banks make it easy to do this, and others do not, so make sure your bank is what works best for you as well.
If you would like to read more posts like this, check out our full list of bank guides!
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