Question Payment Due Date

T

Tazmania

Registered Users (C)
I had last week a discussion with some friends about the due date of payments for credit cards, utilitity bills etc pp.

We were not able to find a common Position about it.

So I like to ask the experts here what is right.

Must the payment:

Latest going out of my account/sent by mail (if it is a check) at the due date?
Must arrive at the payee at the due date?

There should be a definition in the Consumers Protection Act, which I was not able to find. Maybe Rajiv can tell us what the law with it.

Thanks,
Tazmania
 
Tazmania said:
I had last week a discussion with some friends about the due date of payments for credit cards, utilitity bills etc pp.

We were not able to find a common Position about it.

So I like to ask the experts here what is right.

Must the payment:

Latest going out of my account/sent by mail (if it is a check) at the due date?
Must arrive at the payee at the due date?

There should be a definition in the Consumers Protection Act, which I was not able to find. Maybe Rajiv can tell us what the law with it.

Thanks,
Tazmania
Click to expand...
Are you kidding with this question?

Rajiv is an immigration attorney and he may not advise you on this ....

Due date is the date bu which you payment needs to be posted in the payee's account (NOT THE DATE YOU MAIL YOUR PAYMENT). It is your responsibility to make sure they receive your payment by the due date.
 
Common accepted principle is that the payment should arrive at the acceptance agency on or before the due date. I have heard of stories when a credit card company slapped penalties when a payment arrived after 1pm on the day it was due.
However for IRS tax filing you are required to mail the tax returns (and any taxes due) on or before midnight of April 17th.
 
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