The Best Way to Manage your Store Credit Card Account

Manage your store credit easily.

When your store account is overdue it’s considered delinquent. Most companies don’t report a delinquent account until the account is 30 days late, but you can avoid having your credit score affected, or paying penalty fees, by simply catching up on the amount due before the 30 day period has lapsed.

But if you can’t make any payments on time because you are short of funds, then it might be necessary to develop a payment plan that will help you get rid of some of that debt. Keep in mind that late payments will continue to negatively affect your credit standing.

Pay your bills on time

As you pay off your total debt, the most important thing is to make sure your debt accounts are getting paid on time. It's crucial that you're adhering to the repayment amount timetable stipulated when it comes down to paying back your debt in full.

You need to make sure that when it comes down to settling debt accounts like credit card balances and other loans, you'll be able to retain your good standing in terms of never having missed a payment.

When you consistently make late payments, it will affect your credit score. It may also add interest and fees in addition to what's already owed.

Cut down on your spending

One of the first steps you need to take is to take control of your debt situation. You have control over how much money you spend because only you know what your money is needed for, and whether it's worth spending on various important things in your life.

Write up a repayment plan

The quickest way to get out of debt is by creating a repayment plan that works for you. You should try answering the following questions:

  • When will I make my first payment?
  • What will this payment consist of?
  • Where do I go for help and support to help me reach and maintain my goal?
  • How much money do I have left to pay off?
  • When can I start paying it off in full, if at all possible?
  • How will I pay back this money?
  • Will it be through regular installments or will I need other methods such as taking on a second job or selling some of my belongings?

Store credit cards can be a very convenient way to shop for things you need and want without having to carry around cash. Credit cards carry a lot of risk to them, and it’s easy to get into trouble with them if you don’t use them responsibly.

To learn more money management skills, get in touch with Credit Health.

  • 10 common credit score myths.
  • 5 ways to pay your credit card debt.
  • 8 most common credit terms.
  • A Guide On How To Get Out Of Debt.
  • Blacklisting, is it still a thing?
  • Breaking Bad Debt.
  • Build Your Credit Score While You’re Young
  • Can I Get A Loan While Under Debt Review?
  • Can Your Credit Score Affect Your Job?
  • Check Your Credit Report For Signs Of Fraud
  • Common myths about debt review.
  • Debt Management Tips.
  • Debt Review Is A Good Idea.
  • Default, Judgement, Sequestration.
  • Disputing Errors on Credit Reports
  • Free VS Paid Credit Reports.
  • Frequently Asked Questions about Debt Review.
  • Get your credit report before applying for a loan.
  • Get Your Credit Score Back On Track
  • Good Debt Can Build Your Credit Score.
  • Hard VS Soft Inquiries On Your Credit Report.
  • Have I Been Blacklisted?
  • How do I get late payment entries removed?
  • How Do I Manage My Debt When I Am Unemployed?
  • How do I read my credit report?
  • How is your credit score calculated?
  • How Is Your Credit Score Weighted?
  • How Long Does Debt Review Last?
  • How To Calculate Your Debt-To-Income Ratio.
  • How To Clear Your Name At Credit Bureaus.
  • How To Improve Your Credit Score After Debt Review.
  • How To Qualify For New Credit With No Credit Score.
  • How To Reduce And Eliminate Debt.
  • Judgements, Administrations and Listings
  • Online Shopping – Just (don't) add to cart!
  • Teaching Children Good Money Sense.
  • The Best Way to Manage your Store Credit Card Account
  • The Pros And Cons Of Debt Counseling.
  • Things You Don't Want To See On Your Credit Report.
  • Tricks To Help You Save While Paying Off Debt
  • Understanding a credit report in South Africa.
  • Understanding Debt Consolidation Loans in South Africa
  • Vehicle instalments driving you to despair
  • Warning Signs You Could Be Heading for Financial Disaster
  • What Affects Your Credit Score?
  • What are credit bureaus and how do they work?
  • What causes credit card debt?
  • What do credit bureaus know about me?
  • What Effect Does Your Credit Report Have On Your Interest Rates?
  • What Happens To Your Credit When You Get Married?
  • What Happens When I Skip A Debt Payment?
  • What Happens When You're Debt Free?
  • What is a credit score?
  • What is a credit utilization rate?
  • What Is A Decent Credit Score To Buy A Car?
  • What Is A Good Credit Score If You Want To Buy A House?
  • What Is A Hard Inquiry And How Does It Affect Your Credit Report?
  • What Is A Soft Inquiry And How Does It Affect Your Credit Report?
  • What Is Considered A Bad Credit Score?
  • What is considered a good credit score?
  • What Is Debt Administration?
  • What Is Debt Counseling?
  • What Is Debt Review?
  • What’s the difference between your credit score and your credit report?
  • Which Type Of Credit Carries The Most Risk?
  • Why Debt Counseling Is Perfect For You.
  • Why Did My Credit Score Go Down?
  • Will checking my credit report affect my credit score?
  • Your Best Defence Against Identity Theft Is Your Credit Report
  • Your Credit Score: The Basics.
  • Show More

    Check for arrears accounts

    In order to help you on your way to Credit Health, we've teamed up with Transaction Capital Recoveries and MBD Inc. By selecting continue, you give consent that we may check for any arrear accounts on your behalf.

    Funeral Cover Application

    You will be redirected shortly to complete the signup process

    If you are not redirected, click here.