Payment Due Date

[darmac]

I opened my account and made my first payment on Dec 29th, shouldn't it be due on the 29th of each month, why am I being told it id due on the 27th this month?

[srlawren]

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@Lieux wrote:

No @darmac it will be not a same number date every month because 30 days will not fall the same exactly date...unfortunately 

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@darmac rule of thumb is:  on any month following a month with 30 days, the payment date stays the same; on any month following a month with 31 days, the payment date moves forward (earlier) by one day; in March (since Febraury is 28 days), the payment date moves backward (later) by 2 days, except on a leap year when it only moves backward by 1 day.

[Tamhoop]

Ok

[Lieux]

No @darmac it will be not a same number date every month because 30 days will not fall the same exactly date...unfortunately 

[popping]

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@darmac wrote:

I opened my account and made my first payment on Dec 29th, shouldn't it be due on the 29th of each month, why am I being told it id due on the 27th this month?

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PM plan are 30 days per cycle - NOT per month.  For months with 31 days, your renewal day will be 1 days earlier.

[darmac]

Oh ok I assumed it was the anniversary date, thank you

[Carld123 · Accepted solution]

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@darmac wrote:

I opened my account and made my first payment on Dec 29th, shouldn't it be due on the 29th of each month, why am I being told it id due on the 27th this month?

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@darmac

Payments are every 30 days..not monthly