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Example: Ann owes $100 in the 10th of each and every thirty days and it is put up for automated repayments to pull from her banking account in the tenth of each and every month

Example: Ann owes $100 in the 10th of each and every thirty days and it is put up for automated repayments to pull from her banking account in the tenth of each and every month

In the event that tenth falls on a Saturday, we shall publish the repayment on Monday the 12th (so long as it’s maybe not a vacation) thereby applying the payment effective Saturday the tenth. The 11th, it will show past due if Ann looks at her account online Sunday. Nevertheless, since we shall backdate the repayment to your tenth, no interest that is additional be charged as well as the loan(s) won’t be reported to your customer reporting agencies as delinquent.