Automate your bills3 of 8Paying a bill late is never a good thing. But if you're coming out of a bankruptcy, it's crucial to pay your bills on time because that's how you rebuild your credit."The common mantra is don't be a day late or a dollar short," says Melissa Herman, an attorney in Woodstock, Ga., who advises her clients to set up automatic payments on recurring bills such as rent and utilities and keep all other monthly expenses to an absolute minimum.« Back to Managing Debt 2011. Related Articles:Estimate your FICO scoreCreate a home budgetCalculate savings goalRelated Links:Lunch savings calculatorFind a credit card rateMore about debt management advertisement
Paying a bill late is never a good thing. But if you're coming out of a bankruptcy, it's crucial to pay your bills on time because that's how you rebuild your credit.
"The common mantra is don't be a day late or a dollar short," says Melissa Herman, an attorney in Woodstock, Ga., who advises her clients to set up automatic payments on recurring bills such as rent and utilities and keep all other monthly expenses to an absolute minimum.
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