I have a auto loan and ive neverrrrrrrrrr been late but since school started ive need more cash to buy uniforms and household items for this month! my car note is due on the 18th of this month can I pay it on the 27 and not get a 30 day late ???? Please only Valued and Super contributers andModerators need to reply to this ! Ive have no lates on anything!!!!! But I really need to get more items with cash not credit!!!! Thanks....
30 days late is what is says.....30 Days. I would still call the lender to let them know when they will recieve the payment. You should have no problem.
Like the previous poster said 30 days is the point at which they are allowed to report it 30 days late, but I wouldn't test them. I too recommend that you call and let them know what is going on. Make it clear it is a one time thing. I would also ask them about whatever late penalty fee you may incur.
Thank you so much for responding and being that I value my credit score! and i appreciate having Good credit I definetly plan to call them it was not a Question I needed answered so I didnt post it! But I definetly didnt know about being late bc ive never been late lol....................thank you both so much now I can complete there school items!
As others have said, they won't report you as late to the CRA's, but there may be late penalties for being X number of days late. Just check your loan docs to see what fees, if any, they will levy if you are late with your payment so you won't be surprised. Sometimes these late fees can be significant! And if there are going to be more lates give them a call and forewarn them.
And if you pay a few days late, but don't include those late penalties in your payment, you may find out too late and end up with a 30 day late anyway...
Are you sure that your car loan doesn't have a grace period?
My car payments are due on the 15th of every month, but aren't considered "late" until the 25th because of the 10 day grace period. Check on that, as it may save you the headache and worry.
Im not sure if we have a grace period most do its a big car lot! im sure they wont report late there so nice ! i called and they said thts perfectly fine tht it will be next week so its maybe 5 days late lol i just needed to purchase uniforms for my kids and snacks school supplies whewww ive been busy shoes for the kids! backpacks everything thank you all for posting@@@
I have NMAC auto loan. They give you ten-day grace period before you get charged a late fee, and don't report you late unless you pass the 30-day, from the day your payment is actually due.
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Okay this is Great INFO... Thanks I dont like the word LATE and i dont want it in my vocabulary!!!! Thanks again I will be paying it next week so its only a couple of days less than 7 theres no late fee! Thank you all so much for giving me input!!! Im trading it in during October for a per say Dream car! lol.... my credit is excellent Im paying down debt now!
Starting Scores: Low 500's 2/27/08