Share

Of course, these installments must be paid on time according to the agreement agreed upon at the loan's beginning. But sometimes paying installments on time is quite difficult because of several factors, such as the emergence of an urgent need again, forgetting the installment date, and so on.

Installments not paid on time will damage the trust between the debtor and the creditor and the credit score. In addition, you can also be subject to sizable fines if you are late paying your installments. Therefore, it is important to pay installments on time.

Here are some ways you can follow to pay your installments on time.

1. Save on shopping

When shopping, we often get impulsive when there are promotions or discounts. As a result, shopping costs swell because many items that are not needed are purchased. Therefore, when shopping, you must make a shopping list so that the things you buy are required.

2. Set aside 15% of particular income to pay installments

Set up a specific account to pay the installments or debts you have. The goal is that all your installments can still be paid even if there is an urgent need. Set aside 15% of your income to pay off the mortgage or debt if you have any.

3. Use a reminder app

For those who always forget the date to pay installments, try using a reminder application in the play store or app store. Using a reminder application makes it easier for you to pay your installments on time.

Those are some ways to do this so that your installments can be paid on time. As borrowers, we must pay installments on time as a form of accountability.