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Watch Out for Weekends and Holidays

Watch Out for Weekends and Holidays

Building Good Credit

Watch Out for Weekends and Holidays

Recent credit legislation (The Credit CARD Act) says that if your credit card payment due date falls on a weekend or a holiday, you can pay your bill on the next business day without incurring a late charge (or a possible ding to your credit rating.) If the credit card company has a branch open on a holiday however, they can charge the fee, even if that bank is not in your town. To ensure you aren’t charged a late fee or have your credit dinged, make sure you pay several days in advance of the due date – then you’ll never have to worry.

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