DVC Loan payment question

[stefanospops]

For all you Canadian DVCers: My first loan payment is due tomorrow. On the website is says my payment is due on the 15th but there is no late penalty until the 30th. Does that mean I can pay it up to the 29th without any consequences? I just want to be sure since I want to wait until next week to make the payment.

The reason I ask is that I have been approved but still waiting for my US Dollars VISA. I expect it next week and don't want to put my first payment (due tomorrow) on my regular VISA where the exchange is not too my advantage. Anyone?

 

[DisKimberly]

Hi
I have made payments "late" but still before the end of the month and its been fine, no issues. I make them online (Not sure if that makes any difference)
I have never been later than the 29th (or whatever the 2nd date) so I am not sure what the penalties are at that time.

P.S, I use my regular visa, what is the exchange for a US $ visa??

 

[stefanospops]

Hi

P.S, I use my regular visa, what is the exchange for a US $ visa??

There is a thread regarding US dollar bank accounts and VISAs. By rate I think you mean interest rate and I don't recall what that is but assume it is the standard 19% or so. I pay the balance off out of my US$ account and transfer funds into that whenever I feel like the exchange is a good one.

Thanks for the loan payment info. Now I am not scared to wait!