Debt Settlement
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Grace Period
A grace period is NOT an extension of your payment due date. If you are carrying a balance, it is the period you have to pay new balances before interest charges apply. If your payment is received past the due date, it may be considered late. It's better to mail your payment early so it gets in before the due date. Better yet, sometimes you can arrange to have payments made electronically from your checking account on a set day each month. It's a great way to be sure your bill is paid on time.
If you don't pay your balance off every month, develop a regular payment pattern. Information about how your can pay your bill is generally sent to the credit bureaus. If you don't send in at least the minimum payment each month, a negative mark could appear on your credit report, even if you pay the balance in full the next month. The first thing companies look for when they see your credit report is whether you pay your bills on time.