Poca Valley Bank’s Post

There are several reasons why a debit card may be declined even if you have money in your account. Common reasons include travel and reaching your daily purchase limit. Stay on top of your cards and consider using budgeting apps to help avoid debit card denial. https://lnkd.in/e9dKUaJ4

If I picked up the phone right now and called one of your clients, would they be able to tell me your payment policy? (Don't worry, I won't actually call them. That would be weird.) But seriously, do your clients know when their bill is due? When late fees are applied? If the answer is no, hopefully, that's because they're set up on auto-pay—but that's not always the case. In our latest blog post, we break down how clear payment policies can help you get paid on time and keep your cash flow healthy. Check the comments for the link!

There are several reasons why a debit card may be declined even if you have money in your account. Common reasons include travel and reaching your daily purchase limit. Stay on top of your cards and consider using budgeting apps to help avoid debit card denial. https://lnkd.in/gH5rN95E

Paper checks waste ⌛time and 💲money. Measure your Invoices Paid Digitally to see how you stack up against your peers, and download our guide for tips to improve all of your scores! https://lnkd.in/gRGn9b9C

Streamline your finances with automatic payments‼️‼️ Set up recurring expenses and invoices to stay on top of your bills, save time, and gain control over your cash flow. 💸 #SimplifyYourFinances #EfficientBilling #CashFlowManagement #FinancialOrganization #PaymentAutomation #FinancialWellness #MoneyManagement #BillPay #TimeSaver #ConvenientFinance #SmartMoney #FinancialSecurity #CanadianBusiness

Make budgeting easy with the mySpending Card®. Get cards for each savings goal you have.

Step 2 in our bill-paying series: Stay on top by knowing when they're due! 📅✨ "Once you’ve got a list of bills to pay, find out when each bill is due and add that to your list. If your due dates are all over the place, you may want to tweak them to make tracking payments easier." #BillPaymentTips #FinancialResponsibility https://buff.ly/3u8N17m

Stick to your budget and read the fine print are some of the tips the Better Business Bureau (BBB) suggests when choosing this payment system.

Question this morning is do you take your payment terms seriously? If you do not then how can you expect your customers to. If getting paid rather than getting paid on time is what you now call taking your payment terms seriously then DM , email or call and find out how Hewitt & McLeod can help you reduce late payment and the time you spend dealing with it. 📧iain@hewittmcleod.com ☎️ 07401436801 #latepayment #paymentterms #businessowners #solopreneurs #cashflowmanagement

“ Paying bills timely “ is only 35% of your score therefore 175 points (or 192.50 points depending on algorithm) 30% is how much you use of your available limits limits ( worth 150 points or 165 points) 15% is your average length of credit or average age. (Worth 75+ points or 82.5 points ) You have to have a avg length of credit beyond 4-5 years 10% is your account mix. You need to have installment accounts and revolving accounts. (Worth 50 or 55 points ) 10% is how often your applying for stuff. Your hard inquiries. You should have less than 5 inquiries in a 24 month span in general Its not simply JUST paying bills on time. But thats a great start. There is no margin for error. Oneee late payment on one account tanks your score. And it may take 3 years of ontime payments to bounce back mathematically You need to pay over 97% on time. One late payment takes you below 92% Bit.ly/5Factorsofcredit