topic Re: Making payment on 30th day in Auto Loans

Making payment on 30th day

andrenym00378 — Sat, 24 Aug 2024 00:36:18 GMT

I forgot to make my payment on my car loan on time. I just made it on the 30th day past due. It was due on July 24th and today is August 23rd. Made it by phone on my debit card. This was with hughes federal credit union. I'm worried that they will report me 30 days late to credit bureau. I spoke to several people and everyone had a different answer. First person said if I make it today I won't be reported 30 days late to credit bureau. Others had different answers. Does anyone know if they will report?

Re: Making payment on 30th day

JoeRockhead — Sat, 24 Aug 2024 01:00:42 GMT

Including today, you're technically 31 days late, so yes there's a chance you could get dinged a 30 fay late.

Re: Making payment on 30th day

andrenym00378 — Sat, 24 Aug 2024 01:23:15 GMT

I'm pretty sure I'm 30 days late today. I'm looking for a more definitive answer.

Re: Making payment on 30th day

Jnbmom — Sat, 24 Aug 2024 02:15:03 GMT

@andrenym00378 wrote:
I'm pretty sure I'm 30 days late today. I'm looking for a more definitive answer.

They may they may not report, nobody has a definitive answer .technically you were 31 days and they can report if they choose .

Re: Making payment on 30th day

JoeRockhead — Sat, 24 Aug 2024 12:15:59 GMT

@andrenym00378 wrote:
I'm pretty sure I'm 30 days late today. I'm looking for a more definitive answer.

Real easy to use a date calculator... July 24 to August 23 is 31 days. As to a definitive answer, if you were in fact only at 30 days when you made the payment, the definitive answer would be they can't report it as a 30 day late until you're 31 days late. As to what Hughes will do in this situation I don't think anyone here can answer that with certainty. Maybe since you contacted them, and based on your history with them they'll give you one time courtesy and not report it. But I don't believe anyone aside from Hughes knows what they're going to do. Hope it goes in your favor.

Re: Making payment on 30th day

Patient957 — Mon, 02 Sep 2024 23:13:52 GMT

@Jnbmom wrote:
@andrenym00378 wrote:
I'm pretty sure I'm 30 days late today. I'm looking for a more definitive answer.
They may they may not report, nobody has a definitive answer .technically you were 31 days and they can report if they choose .

I agree with the OP that the payment was 30 days late, not 31.

Since the payment was due Wednesday July 24, you start counting late days starting with Thursday, July 25. You count all the way to and including Friday, August 23. That's 30, not 31.

It's only 31 days if you include July 24th as the first late day, which it isn't.

So hopefully that bodes well for the OP.

Re: Making payment on 30th day

andrenym00378 — Mon, 02 Sep 2024 23:27:39 GMT

Hughes told me I was only 30 days late. They also told me that they start reporting late on Day 31. I hope I'm good.

Re: Making payment on 30th day

OGJerk — Tue, 08 Oct 2024 21:22:13 GMT

Your 29 days late. Actual calendar days don't figure into this. A payment is considered 30 days late when the due date for the next payment arrives.

Your due date every month is the 24th, with that knowledge if your payment was due on 07/24/2024 and you made it on 08/23/2024 no credit reporting, however had you paid it on 08/24/24 then yes, it would report. The vast majority of lenders do their reporting on the statement date. Auto loan tend to do it on the due date first thing in the morning. This bit of info is also why if your payment was due on 02/24/2023 and you paid it on 03/24/2023 (I'm staying away from skip year here) that you would be dinged for a 30 day late as you now have "2 payments" due which is the definition of a 30 day late. Even though February only has 28 days March 24th is still 30 days.

Re: Making payment on 30th day

JoeRockhead — Wed, 09 Oct 2024 11:19:45 GMT

@OGJerk wrote:
Your 29 days late. Actual calendar days don't figure into this. A payment is considered 30 days late when the due date for the next payment arrives.

Your due date every month is the 24th, with that knowledge if your payment was due on 07/24/2024 and you made it on 08/23/2024 no credit reporting, however had you paid it on 08/24/24 then yes, it would report. The vast majority of lenders do their reporting on the statement date. Auto loan tend to do it on the due date first thing in the morning. This bit of info is also why if your payment was due on 02/24/2023 and you paid it on 03/24/2023 (I'm staying away from skip year here) that you would be dinged for a 30 day late as you now have "2 payments" due which is the definition of a 30 day late. Even though February only has 28 days March 24th is still 30 days.

Not including the due date of 7/24/2024 to 8/23/2024 is 30 days. ( I mistakenly included the due date above) However, if the lender has a cutoff time for payments set to 5:00 pm local time (which is the earliest allowed by law) and the payment was made after that cutoff time, it would be credited the next day and would be 31 days late, and could be reported as a 30 day late.

In the context of reporting late payments, they are calculated using calender days, not the next payment due date. According to federal law, a late payment can't be reported late until the 30th day has expired (lender cutoff time, or the calender changes to the next day) and has become 31 days past due from the original due date.

Using the example of 2/24/2023 to 3/24/2023 is 28 days. Based on the due date of 2/24, if a payment was made on 3/26, it's still at 30 days. If the payment was made on the 3/26 after the lender's cutoff time, or the 27th, then it would be 31 days late at that time.

Re: Making payment on 30th day

Natethekidd — Thu, 01 May 2025 06:03:44 GMT

So to understand all this correctly... Mortgage is due April 1st, I made my payment April 30th at 11:53pm central which would be considered next business day for the lender. Military has messed something's up for me in the past with late paychecks so I've already submitted a goodwill letter last year in June.

If your counting Calender Days from April 2nd (First day of being Late) to the 30th day that puts me at May 1st which would mean the 31st day wouldn't be until May 2nd correct? Just trying to get my ducks in a row in case I need to get my credit agent to start getting letters together.

Re: Making payment on 30th day

JoeRockhead — Thu, 01 May 2025 12:45:51 GMT

@Natethekidd wrote:
So to understand all this correctly... Mortgage is due April 1st, *coming off a Deployment in March scrambled my bills quiet a bit so I pushed my mortgage payment back to the end of the month* I made my payment April 30th at 11:53pm central which would be considered next business day for the lender. Military has screwed me in the past with late paychecks so I've already submitted a goodwill letter last year in June. If your counting Calender Days from April 2nd (First day of being Late) to the 30th day that puts me at May 1st which would mean the 31st day wouldn't be until May 2nd correct? Just trying to get my ducks in a row in case I need to get my credit girl to start getting letters together.

@Natethekidd Yes, you're correct. If your payment gets credited today, you should be good. A 30 day late occurs once you have reached 31 days past the due date. In your case that would have been 5/2/2025.

Re: Making payment on 30th day

Natethekidd — Sat, 03 May 2025 12:57:17 GMT

Okay, so with a different lender (BMWFS) but same situation, I made the payment on the 30th day, (Due Dec 16th, Paid Jan 15th.) they are reporting me 30 days late to my credit. I resolved the Jan/Feb issue with them explaining the military not paying me until Feb 15th and my online account have me locked out. They fixed that issue (surprisingly because they don't do goodwill letters). But they then reported Jan for being a month late. Any kind of statute or law with the CRA or Fed. Law that I can bring up to help in this situation? Thank you in advance!

Re: Making payment on 30th day

JoeRockhead — Sat, 03 May 2025 21:34:57 GMT

@Natethekidd wrote:
Okay, so with a different lender BMWFSS) but same situation, I made the payment on the30thh day, (Due Dec16thh, Paid Jan15thh.) they are reporting me 30 days late to my credit. I resolved the Jan/Feb issue with them explaining the military not paying me until Feb15thh and myonlinee account have me locked out. They fixed that issue (surprisingly because they don't do goodwill letters). But they then reported Jan for being a month late. Any kind of statute or law with theCRAA or Fed. Law that I can bring up to help in this situation? Thank you in advance!

Unfortunately there isn't a specific section within the FCRA that mandates, or specifies when a creditor can report you late. Technically, and depending on what's in your account agreement, if the payment isn't received by the end of the30th day they can report you as 30 days late. I would try to determine when the payment was marked as received, and continue to plead for leniency until you find a friendly ear.