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No, You are late, the bank just gives you a 10 day grace period to make your payment. You should be happy that they offer you that and not complaining that they are harassing you.
Being late on a loan installment can have consequences. The consequences can be minimized by proactively writing the bank manager and letting him know about the delay in payment. This can be done by including all identifying information and the explanation for late payment with the promise of when payment will be made. Include contact information for follow up as needed.
Not making the entire payment is still a default on payment. You will be charged the late fee and you will need to make it right with the bank or they will start the process of repo.
No. It cannot be done by the bank. They can add the late payment fee & other charges to your credit card account but cannot automatically deduct amounts from your checking account - unless, you have given them standing instructions to debit monthly card payments automatically from your account.
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This really depends on many factors -- how far into the foreclosure process are you...1, 2 or 10 months late on the mortgage? If you have only missed 2 payments, you can most definitely avoid foreclosure when you make a payment for the 2 late payments , plus any late fees, etc. However, if you are 3 months late and the bank has already issued a notice of trustee sale to sell your home on a particular date and you can only make a payment for one month, then most likely than not, your home will be sold at the auction. In this scenario, you may have to make a payment for the past 3 months, plus any late and attorney feesm in order to get current on your loan. However, every bank is different and therefore your bank may have a program available to help you catch up on the late payments. Call your bank and ask them to help you keep your home by offering you a payment plan. Good luck.
The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.
Pay it right now, and make sure the next payment is on time.Be sure to take it into the bank/office to be sure it is posted today.Your credit will show a late payment, but you should be okay since it isn't a month late. If possible, make the June payment at the same time.
"The late fee policy for Lloyd's Bank is the same as most others, if you owe on your credit card or a loan and your payment is late, you must pay a 25 dollar late fee."
If you have given an auto debit instruction then the bank can deduct the money from your savings account. If you default on the payment continuously, then the bank would send you a legal notice and then confiscate all your deposits with the bank to recover their amount.
The bank and the credit bureaus are the only ones that could remove the late payments. If the bank waived the late payments, they will probably remove them from your credit as well. You will need to contact them to negotiate that. Otherwise you will have to dispute them to the credit bureaus. They will have 30 days to verify them or they must be removed.