I tried to make a payment on my 2nd mortgage on the 30 day but the bank was closed is their a law that states that if they arenâ??t open to except payment then they have to except next business day they are open and not report thirty days late.
Was payment made the day after it was due, the day after late fees applied, or 30 days after it was due?
Government payments are usually due the next business day if a due date falls on a holiday, but I am not aware of anything similar that businesses are required to follow. In fact, a number of banks seem to place their due dates directly on Sunday, or Monday if it is a holiday. You are not even talking about the due date, but 30 days after. Presumably there is a late fee already.
unfortunately, they usually give you ample notice before your payment is due. for example, if your payment is due the 1st and its on a sunday, you need to make sure your payment is received before that date since they usually mail your statement a couple weeks prior. same applies to 30 days late. their is no entitlement to the extra business day because you had 30 days prior to make the payment and then some. you can try a goodwill letter if it shows up by explaining that you couldn't make the payment because they weren't open, but i don't know if they will see that being a good enough excuse.
Unfortunatly creditors can give you a "30 days late" ding for being 1 day past the due date. You will probably be lucky if they don't ding you on this and I don't think there will be lenancy if they weren't open 30 days after the payment was due and you didn't get it to them the business day before it. If you don't get a 30 days late on your credit report consider yourself lucky and do whatever it takes to get caught up where your payments arrive to them by the due date (not by 30 days after the due date) ChrisB
They can TRY to give you one anyway. If the CRA says 30 days past due, and you were only 3, then that is technically inaccurate. If the CRA says pays 1-30 days past due, then that would be accurate. All has to do with the format.
