More details to this question:
I have a loan payment due on Saturday but they are not open on Saturday so I put it in night drop on Friday, they get it on Monday, do I owe the late payment?
4 ANSWERS
Debt Collection Attorney serving Chicago, IL
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Edelman, Combs, Latturner & Goodwin, LLC
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Some additional facts are necessary, such as whether lender has any means whereby you can make payment on Saturday, but if they do not, you should not have to pay fee.
Answered on Sep 12th, 2013 at 11:26 AM
General Law Attorney serving Cherry Hill, NJ
at
Mark S. Cherry, Attorney at Law, PC
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Read the due date language carefully. It would be subject to a late charge. Call the lender. They may have a process to pay it over the phone or moneygram.
Answered on Sep 12th, 2013 at 11:26 AM
Business Law Attorney serving Bingham Farms, MI
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James T. Weiner, P.C.
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Generally loan payments should be considered timely if they are paid on the next business day, but look at your loan document.
Answered on Sep 12th, 2013 at 11:26 AM