When making a payment via checks, do the checks need to reach the address by the due date or just need to be sent by the due date? For example, if I have a payment due on the 2nd and I mail out a check on the 1st (regular mail, not express). Would it be considered late?
2006-11-30 12:36:03 · 5 answers · asked by The Dude 3 in Business & Finance ➔ Personal Finance
yes. if they get the check even one day late then you are late. and you are not late by one day, but are considered late by 30 days. you should always mail the payment at least 5 days before the due date.
2006-11-30 12:39:58 · answer #1 · answered by george 2 6 · 1⤊ 1⤋
Yes, it is considered late. I work at a mortgage company and get this question everyday. It is not the day the payment is mailed. It is the day the payment is RECEIVED. That's what the company really cares about. I would suggest mailing it no later than 5 days before the due date depending on how far it's going.
2006-12-05 03:47:34 · answer #2 · answered by Lady_Ree 2 · 0⤊ 0⤋
The check (payment) must reach the creditor by the due date.
2006-11-30 12:45:01 · answer #3 · answered by michelle_greene_ragio 2 · 0⤊ 0⤋
It is to be paid by the due date .So to answer your question your payment would be late .
2006-11-30 12:49:00 · answer #4 · answered by Kilee 3 · 0⤊ 0⤋
Yes!!! If you are due on the 1st... the creditor has to receive it by that day or it is considered late....
2006-12-05 08:34:55 · answer #5 · answered by lilmomma25@sbcglobal.net 1 · 0⤊ 0⤋