If a payment is not made by its due date, there is a grace period that allows for guarantors to still pay on time before the payment is seen as “missed”. Late payments are not the same as missed payments, and will not affect an account in “Good Standing” status until after the grace period ends.
- What happens if a guarantor pre-pays (pays ahead of the installment due date), AND pays more than the installment amount?
- What happens if a guarantor pre-pays (pays ahead of the installment due date)?
- What happens if the amount owed on a payment plan decreases?
- What happens if a current payment plan gets updated later?
- What happens if the amount owed on a payment plan later decreases?
- What happens if a guarantor misses a payment?
- Payment Plan Core Logic
- What happens if the balance for a visit on a payment plan later increases?
- What happens if a payment is late?
- What happens if a guarantor pays less than the monthly installment amount?