Is there a grace period for banks on making payments on time?

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My car payment is due on the 15th and i get paid on the 18th. I was going to wait till the 18th to make my payment. I just don’t want to get penalized for it being late.

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    You will be. Some companies will change the date if you call them and tell them you get paid on a certain date. Maybe not this time, but you should call anyway. Maybe they won’t report you.

    Bronze Answered on May 15, 2018.
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