No. of Recommendations: 0
1. If he's late on payment between now and when he refinances he'll be stuck with outrageous interest rates (he doesn't think that will happen because he always pays his cc balance on time--> by check in US mail,which IMO can go wrong!).

You can do a few things to deal with this.

Mail in the payments early as noted by another.

Pay one month ahead assuming the lender does not confuse the payment.

Use Quicken or an on-line bank service to set up automatic payments. Either manually sent you by or something that is pulled each month if the CC company wants to go that route.

I would not depend on the post office but that is not a reason not to do the deal.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.