30 Day Cycle

[llecs]

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@RobertEG wrote:

It doesnt matter, under most account agreements, when you remit funds.  It is when they post payment to your account.

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Ditto. Every lender has rules too on when the cutoff time is to make a payment and that could have played into this. OP, check you contract to see if this rule exist. For example, I had to pay 4 CCs today: HSBC Best Buy, Barclays, Target, and CapOne. BB had to be paid by 8pm, CapOne had to be paid by 5pm, Target by 4pm, and Barclays by 7pm. All times are Eastern. If I paid Target at 4:10pm, I'm late and they can hit me with a late fee. Or if I paid CapOne right now, I'd be late too. And then some creditors have rules where you can't pay on the weekend or if you do pay, they won't credit it until the next business day (namely June 1 due to the holiday). CapOne is like that. If I paid now directly via their website, the payment wouldn't post until June 1.

Point I'm driving to is this: if your lender is setup the same way, then maybe the payment was delayed a day or two due to their payment system. Even if you pay a day or two before day #30, it can still be delayed. Also, if you paid via a 3rd party, like your bank's billpay, then it can be delayed even further when factoring their rules too.

[marty56]

Look, we are making this more difficult then it needs to be.  I would not test any CCC on 29 days vs 30 vs 31 days.  Never pay late and if that is easier said then done, at least call the CC and let them know that you will be late and why.  It may not make a difference in then end but it is worth a shot.

Also what I started to do is make at least the minimum payment  one day after the statement drops and then PIF by the due date.

[llecs]

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@marty56 wrote:

Look, we are making this more difficult then it needs to be.  I would not test any CCC on 29 days vs 30 vs 31 days.  Never pay late and if that is easier said then done, at least call the CC and let them know that you will be late and why.  It may not make a difference in then end but it is worth a shot.

Also what I started to do is make at least the minimum payment  one day after the statement drops and then PIF by the due date.

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I'm confusing the issue I think. I was using my CC due dates as an example for OP's posting date for OP's auto installment loan. No bill should ever be paid on, around, and especially after the due date.

[Anonymous]

Look, we are making this more difficult then it needs to be.  I would not test any CCC on 29 days vs 30 vs 31 days.  Never pay late and if that is easier said then done, at least call the CC and let them know that you will be late and why.  It may not make a difference in then end but it is worth a shot.

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To make that statement I think goes beyond reason; why not challenge the details when those details is the reason why your even on this forum, and making corrections to your credit. Ultimately, we would not have government involvement and rules that these companies have to go by if they did not need to be challenged. I am totally confident in that fact that they are wrong about the report; and more importantly none of you addressed that fact hat the idiots at the the company reported the wrong month as late if all the info were even correct.

[MarineVietVet]

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@Anonymous wrote:

To make that statement I think goes beyond reason; why not challenge the details when those details is the reason why your even on this forum, and making corrections to your credit. Ultimately, we would not have government involvement and rules that these companies have to go by if they did not need to be challenged. I am totally confident in that fact that they are wrong about the report; and more importantly none of you addressed that fact hat the idiots at the the company reported the wrong month as late if all the info were even correct.

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I hope that confidence translates into a successful outcome for you.

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

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[marty56]

If the late was valid, it was reported correctly since a January late would be reported for February.