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It Pays to Check

By: Amy C. Fleitas

Check the return mailing address on credit card statements every month-even if you pay on-line, since your bank may not transfer funds electronically. Issuers sometimes change billing addresses. If you use an old address and your payment doesn't reach the issuer by the due date, you will be charged a late fee.

Safest: Use the reply envelope that accompanies the statement-it will always have the correct address.

 

 

Original Published date: Originally Published in Bottom Line Personal on Feb 10, 2006

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