To Possible, a late payment is any payment that is unsuccessful or 14+ days from the *originally selected date.

Unsuccessful payments:

  • Can lead to overdraft fees from your bank
  • May affect our ability to lend to you in the future

We recommend using the update payment date feature in the app to stay on top of your payments! Be sure to reach out a couple of days in advance if you need help updating your payment dates or updating your payment information. 

Late payments (14+ days):

  • May affect our ability to lend to you in the future

To the credit bureaus, a late payment is any payment made 30+ days from the *originally selected date.

We always want to do what's best for our customers! If you need to push your payments out, we can help.

However, we can only update payments up to 29 days from the originally selected date without penalty per credit reporting laws. There's no way around it, unfortunately. 

Increasingly negative marks will appear at 60 days past due, 90 days past due and so on.

 

*Originally selected dates refer to the payment dates agreed upon in your loan agreement. 

 

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