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Why is it Important to Pay your Debts on Time?

Pay your Debts on Time
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Did you know the importance of paying your debts on time? Keeping your payments up to date has great benefits that go beyond avoiding the fearsome debts. Keep reading and take notes! It is generally believed that paying off financial commitments to your bank on a timely basis has only one purpose: to avoid penalties for late payment. However, paying your debts on time is also proof that you are a good payer and this brings additional benefits. Check out the following points and you’ll get a useful insight!

Get new benefits with the bank

Paying your loans or credit cards on time strengthens the relationship with your bank and opens the doors to other financial products with better conditions. For example, you could get an extension of your line of credit. Good relationships with as many financial institutions as possible will ease your life even when you are not in need to borrow money.

Maintain a good credit history

Being up to date on your payments is synonymous with having a good credit history. This background is a good cover letter for when the time comes to make a larger purchase, such as your own home or your first car. Many people underestimate the credit history, unfortunately this is really very important and the neglect of this has only bad consequences in some aspects.

Avoid risk centers

When you do not pay on time, the bank reports your delay to a credit bureau: from this moment, your credit profile is affected before the whole financial system because you will be considered a delinquent client. With this background, it becomes more difficult to access, for example, a loan.

Other advantages

Being up to date on your payments can be important even to get a new job. Currently, there are several companies that review the profiles of applicants at risk centers before hiring. By having a good credit reputation then you can also display your profile (on various other aspects) better too. A good credit history can be an indication of honesty and in fact, it is widely used by reputable companies.

Become a good payer

To avoid delays, choose a payment date that matches the payment of your salary. Also, you can create a schedule with all pending payments for the month and write the closing dates in your calendar.

If you have problems to pay your credits on the dates you have agreed with the bank, check the possibility of a reprogramming. If possible, you can switch to another online payment scheme. Simply by typing in some related keywords, you can find many financing providers with a short-term loan scheme. We have an information for you who live in the UK. Seeking help from Welfare guide UK can solve your financial problems quickly.

Did you already know these benefits? What others do you know? Share this information with your friends and family. They will be grateful to you!

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6 Money-Saving Apps Every College Student Needs To Take Advantage Of

Aka how to spend while being a broke as f*ck college student.

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Every college student knows the struggle of pinching pennies. Sometimes we sleep for dinner or swipe food from the dining hall for later. Buying new shoes is a luxury and eating out at chipotle is a treat. It doesn't have to be this way, though. There are tons of apps and websites that will help save money on everything from new clothes to parking fees. Keep on reading to find out how to save a few bucks with every purchase you make.

1. Ebates

Ebates is a website that offers cashback on nearly every purchase you make online. For each store, there is a percentage of money that you get back. It builds up in your account and gets cashed out every three months and goes into your PayPal account. There are also chances to earn double cash back at stores or get exclusive coupons. Some cashback can get obtained in in-store purchases, you just have to link the card you are going to use.

2. Flightdrop

Flightdrop is an app that helps you find cheap airline tickets to anywhere in the world. You get a notification about a cheap ticket deal you can purchase. In the past, I have been offered $400 roundtrip tickets to Paris and $500 roundtrip tickets to Japan. However, they are only these prices certain days and months so there is not a lot of flexibility in that area. You can also earn points by completing certain tasks which will unlock your perks like getting flight notifications earlier than some.

3. BestParking

Finding parking and at a reasonable price can be a drag which is what this app was designed to solve. The app allows you to see the available parking spots and their prices in your surrounding area. This helps users cut down on time and save some money by finding the cheapest spot rather than parking in the first spot they see open. You can also reserve a parking spot in the app which can save you up to 50% off the standard rate.

4. Honey

Have you ever looked up a coupon for a store before hitting the purchase button just in case you find something? Honey is a browser extension that does that for you but in a more efficient manner. Honey browses and tries all the possible coupons found for that website so you don't have to manually try each one. Honey also gives you points with certain purchases made which can be saved up towards a $10 gift card to a store of your choice.

5. StudentBeans

StudentBeans is an app and website that offers student exclusive coupons and deals in everything. They offer deals and coupons on clothing, food, travel, subscriptions, entertainment, etc. It's free as long as you sign up with an account linked to the school you go to. You don't even have to be a college student to use this one, it is open to high school students as well.

6. UNiDAYS

This is another app and website that offers student exclusive deals and coupons. UNiDAYS offers a lot of discounts and deals for many websites you are familiar with or already shop at. StudentBeans has fewer options and tends to be less known brands. With that being said, it is worth it to use both because you never know what kind of deal you could come across in each application.

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