- debbie nung
This conversation is closed.
Do you know someone in credit card debt? You can help that someone at no cost by information/knowledge sharing.
Some banks offer 1) Auto pay of credit card from savings account and 2) change credit card bill date to be 1 day after pay day.
Bank's sales and branch staff do not actively promote this or share this information with you.
What can you do?
You can help your children, your parents, your siblings, your relatives, and your colleagues by telling them about these services.
Some may argue that the best way is not to own a credit card, but that does not fall in favour of many people from the convenience and prestige the credit cashless payment had to offer.
Thus to mitigate the risk of late payment and falling into deeper debt, adopt the above control measure; especially useful when you are giving your child his/her first credit card.
Above is my humble opinion for your kind consideration.
Cheers and happy saving.