YouTube video by Daniel Rosen giving practical tips to increase credit scores by automating on-time, full-balance payments. This chunk advises setting auto-pay to pay the new balance (not just the minimum) and to schedule it 4–5 days before the due date to avoid late payments, late fees, and interest.
Did you know that the actual timing of your payments can also greatly impact your credit score? Every single credit card company has an auto payment feature. They usually have two make the minimum payment every time your balance is due, or pay your balance in full whenever a new balance is due. My suggestion is to always have auto pay set four to five days before your balance is due and have it set to auto pay for the new balance. This way you'll never miss a late payment, which will save you from late fees, and you'll also not just be making the minimum payment. So you're saving money by avoiding the interest.
