Waiting too late to make a payment
The rationale: Because you can pay your bill with a few computer clicks, you figure you have plenty of time.
The rebuttal: Failure to factor in enough time for account processing when paying your credit card bill can be disastrous.
Credit reports indicate late payments in 30-day increments, so any payment overdue by 30 days or fewer counts as 30 days late. The penalty for that mark against you can be a late fee, a bumped up interest rate and a lower credit score. In fact, your payment history accounts for about 35% of your credit score.
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