Late payments on a past due bill can affect your credit score for a long time, and also incur charges and penalties. In some cases, your service may even be disconnected, and you’ll have to go through customer service just to report your payment and arrange for reconnection.

Here’s how to avoid the cost and stress of a past due bill, and how you can use Delaware title loans when the bills pile up and you can’t pay them all out of pocket right away.

How Can You Avoid Past Due Bills And Their Late Fees?

1. Arrange For Automatic Payment

How many times have you forgotten about a past due bill and realized it only when your service got disconnected?

It happens to the best of us! When we’re busy, we can either lose track of the dates or just don’t have the time to arrange for a transfer.

To avoid this problem, simply sign up for autopay. This authorizes your provider to automatically get the payment through your bank account or credit card. You never have to worry about a past due bill again!

This is best for recurring bills which charge the same amount of money on the same day, like internet or insurance premiums. You also have to monitor your funds or credit limit—a rejected payment can affect your credit score and incur both overdraft fees and late fees.

2. Set Up Payment Reminders

If you prefer to pay for things manually, then you can avoid a past due bill by setting up calendar alerts. You can use any online calendar, even the Google calendar in your Gmail account. Just set it up like a recurring “meeting” and it will send notifications every time.

There are also lots of money management apps. The great thing about these is that aside from reminding you of a bill’s due date, they can help you set a budget and monitor your expenses too. That way, you can avoid the panic of not having enough money to pay for a past due bill.

3. Arrange For Weekly Payments

Sometimes, a past due bill is caused by cash flow—especially if it’s due at the same time as other major expenses like rent.

If that’s the case, you may want to divide the due amount into 4 (weekly) or 2 (bi-monthly). Then pay in installments. This is best for credit card bills or other types of payments that are large or variable.

4. Ask Your Provider For A Payment Extension

If you are a long-time customer, or if this is the first time you have a past due bill, you may be able to ask for a payment extension.

The key is to call as soon as you realize that it’s a past due date. You may be able to avoid any late charges or prevent it from affecting your credit score.

5. Find Out If They Have Any COVID-19 Programs

If you’re unable to pay for a past due bill because you lost your job during the pandemic, you can also ask your provider about payment deferment plans, reduced interest charges, or other ways they can help.

Many banks, utility companies, and credit card companies offer these types of programs for a past due bill, especially in response to the economic crisis due to the Covid-19 pandemic.

6. Qualify For A Title Loan

If you have your bills and rent piled up, and you’re facing disconnection or eviction and can’t find a solution, a title loan can help you quickly raise money for a past due bill or any other urgent, emergency expense.

Car title loans in Delaware are secured loans that provide you with the money you need to address an emergency expense quickly and can be paid back over time.

How Does A Title Loan Work?

A title loan is a loan where you use your vehicle title as collateral. You don’t have to surrender your vehicle when you qualify. Instead, a lien is placed on the title for the duration of the loan.

You can use any car, truck, or van to get a title loan. The important thing is that it is registered under your name, is already fully owned, and is lien-free. That means you are not currently using it as collateral for other loans and it is not being financed.

How To Get A Title Loan Today

Delaware Title Loans, Inc. has a fast and convenient process! Just fill up our form for online title loans no store visit, and then one of our representatives will call you up to explain how the loan works and answer all of your questions. They will also schedule an appointment with you at a location of your choice.

Next up, you can meet the loan representative and make sure to have your vehicle, lien-free title, and your driver’s license or any state-issued ID.

The loan representative will determine if you qualify and the loan amount you qualify for, and then walk you through the remaining paperwork. If you do get approved, you get the money the same day or the following business day!

Never Run Late On A Bill Again!

Staying on top of your bills so you never have a past due bill can save you both money and time. By setting up automatic payments or reminders, you can make sure that you are aware of your bills and can pay them on time.

However, even if you don’t have enough money, you can still qualify for a title loan to be able to pay past due bills or any other urgent expense. Submit our online form today to get your process started.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.