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