With the introduction of the Sears Card and Bill Pay program, you can now pay bills from the comfort of your own home without having to worry about a high APR. Using this service, you can keep track of every single bill that you have been given, even those that have gone delinquent. Even if you miss a payment, your account will still be active and you can pay it off before the delinquency date comes due.
If you are worried that there is no way that you could pay off all of your debt on your own, you should not be concerned about the fact that you will have to deal with a low payment amount. This is because when you use this service, the amounts that you pay are based on your income. Your account balances will be adjusted accordingly so that you do not end up paying more than you actually owe. You can also choose to pay each bill in its entirety or only part way through the period of the payment. There is really no limit on the amount of money that you can pay, though it is good to choose a payment amount that allows you to avoid late fees.
When you use this service, you will receive a pre-authorization from your credit card company, which you can then use to pay off the accounts that you owe. The pre-authorization will be sent automatically each month, which will allow you to pay off your debts immediately. If you cannot pay off an account, you can contact your credit card company to see what they can offer to help you settle the outstanding balance. Some credit companies may even give you the option of a discount or a reduced rate on your balance if you agree to pay them back.
Using this service also means that you are not responsible for any fees that your credit card company charges. If you do not make payments, they will begin to report this to your credit bureau and this will have a negative impact on your score. You will also be charged a late fee if you fail to make payments. However, if you have chosen to pay each bill on time, they will not have a collection agency sends out a letter to collect a debt.
The best thing about using the Sears Card and Bill Pay is that you can use it as often as you want, and if you are unable to pay all of your debt off on the first month, you are able to pay the rest over time until the balance is paid in full. By keeping track of all of your financial transactions and payments, you will know when to make the minimum payments. and know when to make your highest priority payments.
There is no reason why you should have to deal with debt by yourself. By using the SearsCard and Bill Pay service, you will be saving money each month and you will have control of your own finances. If you feel the need to make multiple payments, you can simply send them to your credit card company and you will be able to pay all of your unsecured debt.