Change The Dates Your Bills Are Due To Improve Your Credit Score

Reduce late payments by changing the due dates on your bills

Change The Dates Your Bills Are Due To Improve Your Credit Score
November 2, 2016

Paying bills is part of life, and for many people, it contributes towards ongoing stress. In their 8th Billing Household Study, Fiserv revealed that 35 percent of people admitted to paying at least one of their bills late during the past year. Also, 65 percent were charged a late fee. The many reasons for late payments include a lack of money, forgetfulness, and personal life obligations. Being late on even one payment can have a negative effect on your credit score.

Having a healthy credit rating is extremely important for anyone who might want to borrow money at some point. Whether it's taking out a credit card or applying for a mortgage, you should pay attention to any factors that could possibly lower your score. According to Equifax, credit scores can be damaged by just one thirty-day late payment. Paying bills on time has the opposite effect, raising your credit score.



If you are struggling with bills, changing the deadlines for your payments is worth a try. For example, moving the dates closer to payday could ease your cash flow. If you often forget to pay your bills, it may be a good idea to ensure that all your bills are due on the same day, so that you can pay everything in one go. Most companies will try to oblige any requests to change your billing dates, especially if you explain your reasons. Making it easier to pay your bills and developing a positive financial history, could give your credit score a welcome boost.

You can check your credit score and read your credit report for free within minutes using Credit Manager by MoneyTips.


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