HOW LONG IS GRACE PERIOD FOR LATE CAR PAYMENT?

(2011-01-08 22:04:38)

1. Kyle F Says: my car payment is due tomorrow (december 15th) and i wont be able to pay it until next week (december 23rd). will that hurt my credit, and how much late fees will i get? i have onpoint credit union.

2. Stupid Flanders Says: The only way you are going to find out is to read your loan contract or call your credit union.

Grace periods vary by loan, and they can range from zero grace period to 15 days.
Many credit unions establish a 10 day grace period, but I wouldn't automatically assume that to be the case. If you had borderline credit when you were approved for the loan, you may not have a grace period, at all.

3. Robert LaFrieda 442 Says: That would be 15 days , I sold cars and worked in the Internet Dept as Manager. At Desert Group for 3 years. Also After you make your first payment you may call them up and adjust the pay date 15 day's forwards or backwards from the first sceg payment

4. salvagedrover Says: why can't you pay for your car? you should always pay for the roof and the wheels. the other crap can wait. the car can kill people too, so if you can't make a resposnible decision to pay for what you NEED, rather than what you want at that moment, maybe you should get more rides than actually have your own whip.