30-day late on installment loan?

Discussion in 'Credit Talk' started by ddimitro, Jul 22, 2005.

  1. ddimitro

    ddimitro Active Member

    I have a loan payment of $300 due on June 25th. Since there are no late charges, I decide to wait and my next statement shows $600 for the June and now July payment.

    If I pay the $600 on July 25, will the June payment be considered 30 days late, or is that due date the last possible date before the negative would hit?

    Thanks.
     
  2. ontrack

    ontrack Well-Known Member

    Why are you cutting it that close?
     

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