@KLEXH25 wrote:I will probably test the waters with a double payment first (lump sum) and see what happens.
UPDATE: I made a payment that was twice the amount of my normal monthly payment ($672 instead of $336) and my due date did not budge. Next payment is still due in September, instead of October.
Was it because the payment wasn't big enough? Or do I really have to make two separate payments? Or is it because I have monthly automated payments set up? Ugh so frustrating.
@Anonymous wrote:
@KLEXH25 wrote:UPDATE: I made a payment that was twice the amount of my normal monthly payment ($672 instead of $336) and my due date did not budge. Next payment is still due in September, instead of October.
Did the due date stay at September or did it change from August to September? Did you make a "regular payment" (and not "principal only")?
Was it because the payment wasn't big enough?
Should have been big enough.
Or do I really have to make two separate payments?That was my experience.
Or is it because I have monthly automated payments set up?I wouldn't think having auto payment set up makes s difference. But I didn't use autopay at the time, so I'm not sure.
This was my regular monthly payment for August, which was due 8/15. I have a feeling it's due to it being on autopay, since it's set to pay it every month on the 10th (I had updated the amount to 2x a few days ago).
I suppose I can cancel autopay and see what happens when I make it manually next month, but I'm starting to think it's not worth the trouble.
If that's the case, I could make another payment tomorrow manually and see if it will push the payment out that way...
I wonder if they changed their payment processing. Doesn't surprise me with their zealousness and near anger at my overpayments pushing due dates out that they would make it more cumbersome.
End of the day if I am trying to play reindeer games I just go elsewhere. Was expecting to do that with the rest of my USBank but then one of my favorite stocks lowered their guidance and the market whacked them for 36%, pfft thanks for the buying opportunity and the stash went poof.
@cr101 wrote:
@Anonymous wrote:I do have a DCU HELOC. DCU lets you make regular payments and principal-only payment. A principal-only payment does not change the next payment date.
If you make a regular payment of any amount larger or equal to the minimum payment the payment date will be pushed forward automatically by one month.
To push the payment date by three months, just make three regular payments larger or equal to the minimum payment. I not sure whether you can make three payments on the same day, so you might have to spread the payments over three days.
The system even lets you move the payments date by more than three months. But then DCU send you a nasty letter that you are not allowed to push the payment date by more than three months and resets the payment date to three months ahead of schedule. So if you want to make more than three payments in one month, some of them have to be principal-only payments.
This is what a DCU rep told me when I was inquiring about making double payments.
When I make double payments, it adjusts both the due date and the amount due.
I would just ask DCU to be on the safe side. They're still available via chat if you catch them at the right time, or just send an email.
@cr101 are you making the payments manually? Because the next due date still shows for September and not October. I'm still convinced it's because I'm making automated payments.
