I got a payday loan and it is due on friday. I mailed their payment for the loan in full on monday of that week and it reaches them say by friday. Is it considered late because they state it will take them 2 weeks to post it. Funds are paid by legal tender US Postal money order.
2006-10-02 10:31:43 · 7 answers · asked by Millie W 1 in Business & Finance ➔ Credit
Sounds like a scam, TWO weeks to post a payment!?
Usually payments (credit cards) are considered "on time" if it is received by the due date, not when they get around to posting it.
If your fine print says they have two weeks to post it- you'd better start making sure they have it in their office two weeks before the due date!
2006-10-02 10:36:48 · answer #1 · answered by kimmyb 2 · 0⤊ 0⤋
earlier you bypass any further, what does the hire say approximately due date and overdue funds? some provide a grace era, others value a undeniable quantity in step with day, others that is a flat overdue value. on an analogous time as he can no longer coach while he have been given it (the postoffice does not music each and each letter) you may coach you despatched it a lifelike time in improve. He has the info (the postmark on the envelope). If he can no longer grant the envelope, then it is your be conscious against his. He stands to financially benefit if he's solid. You stand to be as you have been earlier the difficulty. to that end civil regulation has a tendency to look upon you with want. If he can grant the envelope, then that is a query of no be counted if the quantity of time between the postmark (presumbly achieved with 24 hours of the PO receiving the letter) and the due date could be consdered a lifelike volume of time to publish a letter (I usually discern 3 days minimum interior 500 miles or so). if so, he's sunk. you in addition to could have your get right of entry to interior the checkbook exhibiting the date besides because of the fact the verify itself. a lifelike guy or woman could end which you had mailed the verify greater or much less an analogous day. you at the instant are not to blame for delays interior the PO. as long as you may coach you published it interior a lifelike timeframe then you definately acted with solid reason. He has no solid reason on his factor (no longer saying he's malicious, conversing criminal) and courts are used to redress issues. precise off the bat it the difficulty is obvious: he stated, she stated. He has no documentation proving it got here in 2 days overdue. you have a minimum of one piece of info (2 if he stored the envelope) exhibiting you acted in accordance with the hire in a lifelike way. finally, because of the fact the accuser the load of info is one him. yet he has no info in help of his accusation yet his be conscious which in basic terms does not count quantity for a lot in court docket. talk with him first being beneficial to indicate out once you wrote the verify and the postmark. If that is 3 days or greater earlier the due date he has no longer often something to stand on. civilly refuse to pay the overdue value.
2016-12-26 07:45:18 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I agree with stinkbug, I think it should not be considered late, because they did receive it on the due date. If it takes two weeks to post, that is their problem. Would it take 2 weeks to post if you handed it to them in person?
2006-10-02 10:37:43 · answer #3 · answered by Dawn C 3 · 0⤊ 0⤋
That of course all depends on their policy regarding payment posting when and how it is post marked. If they say it will be late if it is not post marked then you should be okay but if they are aying 2 weeks for the processing then it needed to be their two weeks prior.
2006-10-02 10:35:40 · answer #4 · answered by A.M. Gonzales 3 · 0⤊ 0⤋
If they have it by the due date it should not be late. To be sure ask the payday loan company.
2006-10-02 10:36:25 · answer #5 · answered by Bigboi47 3 · 0⤊ 0⤋
No-- the key is there THEY RECIEVE IT by the due date. 5 days should be plenty of time.
2006-10-02 10:44:05 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no because it is there and they got it on that day. even if it was not there on the exact date most places give you a grace period. hope i helped.
2006-10-02 10:34:31 · answer #7 · answered by Anonymous · 0⤊ 0⤋