Question on Nissan late payment - Nissan Forums : Nissan Forum
 
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Old 12-17-2007, 09:44 PM
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Question on Nissan late payment

Quick question on credit reports...

My car loan is through Nissan, NMAC.

My loan was due on 12/15, a Saturday. I send my check via mail usually 3rd-5th. I noticed today on my bank account Nissan hasn't deducted money yet.

I call NMAC today to confirm and they said they haven't received it and I'm two days past due. They said in the state of IL there are no late fees and they don't report it to the credit bureaus unless it is 30 days past due. They just told me to wait 2-4 days and give them a call to see if they received it yet.

Now, it says on their website about the 30 days past due and the CSR told me the same thing but can they still notify the credit bureaus anyway? I read online that companies can report late payments to credit bureaus even if they are under 30 days late.

My credit is perfect and I'm worried this will go on my record and screw up my other loans interest rates and what not. Especially the mortgage loan I have.

Maybe I'm overreacting but I don't like being late when I owe money. I'll wait till tomorrow morning to see if it posted yet and if it didn't I'll make a online payment then. In essence I'll be three days late. I know they said they don't unless report unless its 30 days but want to be sure if there is anything else I should do.

Anyone ever deal with NMAC in this kind of situation care to chime in?

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Old 12-17-2007, 10:12 PM
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You should have a grace period if your payment is due on the 15th! Also Electronic Pymnt FTW! I pay NOTHING by snail mail, I don't trust it! Also you may be fine, because of the post mark date of your payment. And you ARE overreacting!

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Old 12-17-2007, 10:25 PM
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and you can always call in and ask for a courtesy removal of the late annotation. They should remove it if it is your first time.
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Old 12-17-2007, 11:00 PM
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If you have the money, I'd send another payment out with the next slip from your payment book....With a little note. There should be a grace period,

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Old 12-17-2007, 11:10 PM
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Well they said you have up to 30 days. I would void that current check and send another asap.
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Old 12-18-2007, 12:35 AM
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One late payment isnt going to break your previous credit history, not by a long shot.

And you do realize this is the busiest time of the year for USPS so the fact its taking longer isnt that suprising.

Paying bills online > *

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Old 12-18-2007, 03:46 AM
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Yeah, thats what I do. If I get lazy and dont send my payment in time, I just do it online, or over the phone. Though Im usually pretty good about paying on time.

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Old 12-18-2007, 04:30 AM
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Checks are crap. I pay everything online, its really just easier.

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Old 12-18-2007, 06:07 AM
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thats odd that you mentioned this but i just got a phone call the other day saying that i havent sent a payment, even though i did a month ago. but all taken care of now

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Old 12-18-2007, 07:11 AM
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I've never had anything reported on my credit that was under 30 days late. You should be fine. Just pay the thing.
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