Ahead of the nationwide postal strikes, Britons are urged to ensure they will not be hit with late payment fines for credit cards, utility bills and other financial commitments usually paid via mail.

With Britain to be hit by national post strikes later on this week, people are being advised to take steps to avoid being hit late payment charges for credit cards and other financial commitments.

As the Communication Workers’ Union points out that strike action is planned to take place this Thursday and Friday (October 22nd and 23rd), the Payment Council states that those who normally pay bills by cheque should endeavour to find out if they will be fined in the event that such a payment is made late.

Consequently, consumers are advised to investigate other payment options, for example paying by debit or credit card online, over the phone or at a post office or bank branch.

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Paying off credit card debt with 0% interest is a dream come true – which is exactly why a large number of credit card companies offer the promotions. They know it will attract new customers who have debt with other credit card companies to transfer that debt to their cards. But where is the value to the company offer the credit card balance transfer offer; if they let you repay that debt with 0% interest?

Whenever you see credit card promotions that sound like they’re going to be a good deal for you, it’s best to look into them closely and make sure you read all of the “fine print”. A 0% balance transfer is typically good for a specific length of time, six months or twelve months are the most common terms. If you have several thousand dollars of debt on a higher interest credit card and take advantage of a 0% balance transfer offer for twelve months, the credit card company is betting on you still having a balance once the promotional period ends. When the six or twelve months of no interest repayments end, the balance will start being repaid with interest.

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