Definitely, you don’t like to be caught in making late payments with regards to your loans or credit cards and affect your own credit score and report not only if you have to basically really have to. However, what if it happens that you just cannot really avoid that predicament? Well, that really basically depends … Read more
You might be surprised on the damage a single late payment might be to your credit score. But if you have made a late payment can you find out how much it affected your credit score? Not unless you have been monitoring your credit score and have a before and after number. But even that … Read more
Late Payers say it is accepted practice …… Late payers have over the years paid bills when it has suited them. Without being challenged, many of us are guilty of this and it has grown into accepted practice. In the current economic downturn, it is common for big companies to delay payments to smaller suppliers … Read more
In your normal life, you will be faced with situations where you will be late in making payments for your utilities, home mortgage, rental fees and credit card bills, to name a few debts. Instead of ignoring them, however, you should take the necessary measures to protect your credit rating, even when you cannot pay … Read more
Companies not paying on time ……………… do so for two main reasons. a) they have severe cash flow problems and b) they use their customers as an interest free loan. Trade credit is almost always interest free, in the current climate customers are using their suppliers as loan providers. Any extra delay means money in … Read more