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Discussion in 'Credit Talk' started by lbrown59, Mar 10, 2001.
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Re: PAID DATE v.s. Received Da
I ASSUME YOU ARE TALKING ABOUT CREDIT CARD PAYMENTS...
Received date can be like Friday afternoon, but since the cut off time is say 9am, your payment date is Monday...so your check may "CLEAR" your checking account the same day or before the payment posts to the credit card bill.
IF YOU PAY INTEREST ON YOUR CREDIT CARD...IT MAKES THEM MORE MONEY!