GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Weve all had some stretches wherebudgetingwas an issue.
Maybe weve overspent on groceries, had a medical emergency or had other unexpected expenses crop up.
Several types of monthly bills offer flexibility in payment without immediately incurring late fees.
Understanding the specific terms and grace periods can help you manage your finances more effectively.
Luckily, some bills are more forgiving than others.
Here are a few that might surprise you.
Here are some expert tips for managing your bills smarter and avoiding costly fees.
Ive had clients who used this to their advantage and it made a huge difference for them.
Medical Bills
Medical bills are another area where you might catch a break.
Many hospitals and healthcare providers offer payment plans with no late fees.
Theyre often willing to work with you if you just reach out and explain your situation.
Utility Bills
Then there are utility bills.
Stubbendeck noted thatsome utility companieshave grace periods of up to 10 days before they hit you with late fees.
At Leverage, were all about helping you manage your finances better.
Knowing which bills are more flexible can really help you stay on track.
This proactive approach can sometimes lead to an extended grace period or a payment plan to avoid service disruption.
During this period, you’re able to pay your balance in full without incurring interest.
He added that this period usually ranges fromthree to five days.
Its essential to understand your lease terms and communicate with your landlord if you anticipate a late payment.
In some cases, landlords are willing to work with tenants to avoid late fees or other penalties.
During this time, you could make your payment without losing coverage or incurring late fees.
Its important to check your policy details and communicate with your insurer to understand your options.
Instead, they might suspend your service until the payment is made.
More From GOBankingRates
Share This Article:
