Tuesday, December 11, 2007

How to Make a Payment to a Credit Protection Association

How to Make a Payment to a Credit Protection Association

Making timely payments to a credit protection association is very important. Late or missed payments could prompt the association to stop protecting your credit altogether. This could make your bank and credit cards accounts more susceptible to thieves and hackers. Instead of the possibility of ruining your credit, you should utilize the many payment options that most companies offer, before your account goes into default.

Instructions

    1

    Sign up for Bill Pay through your Bank or Credit Union. Add your credit protection association as the payee, and schedule the amount and the date that you want your payment to arrive. This is a quick and accurate method of making a payment without having to actually write a check and mail it off.

    2

    Make an online payment through your credit protection's website. It may benefit you more to make a payment online as you maybe able to schedule same day payments, which is efficient if you are submitting the payment on the due date.

    3

    Make a payment over the phone with a customer service representative. Although this is a quick way of making a payment, you maybe charged a fee for conducting an "assisted payment," which is a term for having the representative process the payment for you.

    4

    Mail your credit protection association a check. This is by far the most common method of making a payment; however, it may take up to two weeks for the payment to arrive, which may cause you to incur late fees.

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