Two of the most important components of your credit score are on-time payments and credit utilization. SteadiPay may help with both.
By automating the process of bill payment, even frequently, SteadiPay ensures that your card always has availability and is paid on time each month.
Credit utilization means the amount of available credit you are using. If you tend to carry a balance on your card, that increases your credit utilization (the amount of credit you’ve been given versus the amount you’re using), which in turn can negative impact your credit rating.
By helping ensure that your balance cycles effectively each month and can be automatically paid down, SteadiPay helps make sure your credit card balances don’t get too high. We’ll be adding features soon to help stay on top of this even more, so stay tuned!