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?
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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