or do I have to pay the previous business day to avoid late charges?
2007-01-11 11:56:15 · 25 answers · asked by sweetjenv23 3 in Business & Finance ➔ Personal Finance
Most will go to the next business day, many have grace periods. If the bill in question is a credit card with a high late payment fee and a "default" interest rate, get it in early. Those type of credit cards "feed" on charging you fees and take every opportunity to do so.
2007-01-11 16:18:48 · answer #1 · answered by Scott C 2 · 0⤊ 0⤋
It has to be received by the person you owe by the due date, or in some cases, postmarked on or before the due date. Anything else would be considered late. Not that its ok to be late, but alot of places won't assess late charges until 10 or more days after the due date, to give you a little buffer.
2007-01-11 12:02:16 · answer #2 · answered by gmug9 2 · 1⤊ 0⤋
Almost always, you need to pay before the holiday. Except, most tax payments are due the day after the holiday. Even with tax payments, why risk it?
Check with the company/entity you owe money to--that is the best way to be sure of timely payments.
Pay your bills to arrive by the due date. Make sure your tax payments are postmarked by the due date.
2007-01-11 12:02:09 · answer #3 · answered by Take Responsibility 2 · 1⤊ 0⤋
If your bills are due on a Sunday or holiday, then they should be paid prior to the date; late is late, regardless of holidays and Sundays.
2007-01-11 12:00:42 · answer #4 · answered by Anonymous · 1⤊ 0⤋
The previous business day
2007-01-11 12:00:30 · answer #5 · answered by Anonymous · 1⤊ 0⤋
It has to be paid the previous biz day. Because they run off the computer system which automatically generates bills, late fees or in some cases disconnects your service.
2007-01-11 11:59:51 · answer #6 · answered by pro2call10 2 · 1⤊ 0⤋
if it's late, it's late...you should pay it on the date before the holiday to ensure the payment is posted to the account. And keep in mind that it can take up to 2 business days for the payment to be posted.
2007-01-11 11:59:34 · answer #7 · answered by Jelly Beanz 2 · 2⤊ 0⤋
It can be for some companies, but a friend of mine was dinged with a late fee for paying the day following, so just pay early to be safe.
2007-01-11 11:59:17 · answer #8 · answered by LifesAMystery 3 · 1⤊ 0⤋
Yup, you have to pay it the prior business day to avoid the late charges. I just found that out the hard way with my mortgage.
2007-01-11 12:02:19 · answer #9 · answered by jamistansberry 2 · 1⤊ 0⤋
Normally, the bill has to be paid, no matter what, by the due date. So to be safe, I'd advise sending a bit early.
Some places just want to see it postmarked by the due date, but they will indicate that if so.
2007-01-11 11:59:16 · answer #10 · answered by Anonymous · 1⤊ 0⤋