Credit cards for bad credit Things to consider
The company can also hike up your interest rate to your default rate, a leap of ten percentage points or more, on the grounds that your lateness shows you can't afford to pay your bills and you are a poor credit risk. You know you're not a risk, you just forgot to drop the check in the mail, but that doesn't matter; the agreement you signed with the company says they can do it, and they will. So pay your bills for student credit cards a few days early, and arrange for automatic payments if you can. If you realize you're about to miss a deadline, call your issuer at once and make a rush payment. Rush payments may cost an extra $15 or so, but they are credited to your account immediately, which can save your credit rating.