What's up with them taking my Loan payment out early??

[Rlbren]

What's the big deal??? I have my dues taken from my bank account but I certainly don't carry a balance low enough that if something comes out early it'll be a problem. Yikes - that's living too close to the edge for me! Your best bet it to build up to a bigger cushion...and that should be at least $1000 unless your dues are really really high

Wow...harsh...

My payments and maint. fees come out on the 1st and nothing has been deducted yet...We bank with a credit union...

 

[Cap]

My payment has not hit the bank yet, per on-line bank status today, Nov 1.

It may be that DVC had some reason for recording the income in October, so pushed it out early.

 

[quentina]

Every month...they submit it early, I don't think the bank releases it however; it is deducted from my balance.

 

[bumbershoot]

While looking at the posts from today, it occurred to me that perhaps it's a floop caused by the time change about to happen. Doesn't seem like it *should* cause issues, but seems a bit of a coincidence.

 

[laura-k]

What's the big deal??? I have my dues taken from my bank account but I certainly don't carry a balance low enough that if something comes out early it'll be a problem. Yikes - that's living too close to the edge for me! Your best bet it to build up to a bigger cushion...and that should be at least $1000 unless your dues are really really high

Some people have direct deposit dates or only get paychecks a couple times a month -We do not know the situation there -
The poster said it is something she expected on a certain date -
I have had to transfer into my kids accounts once in awhile and the bank told me (at My Bank) all this happens at 11 pm Deposits always are added 1st then the pending debits for the day are deducted ,so this has saved them once in a great while -

 

[nunzia]

Yeah...... wow, how rude. Thanks for everyone elses kind reply. I have a specific account dedicated JUST for that reason and the balance is kept low (thank you very much ) and when they say it will be deducted on the 1st and it is taken out on the 30th when I could have gotten to the bank and deposited money before that deadline that does make me a bit angry. Geez
Lesley

I can see your concern. The way I got around that happening, is I budget for DVC the payday before it is really due. I do that with alot of other bills, and it works well. My DVC is due the 15th, so on the 1st payday I deduct the DVC in my checkbook register and then it really doesn't matter when it comes out.

 

[supersuperwendy]

Our loan payment comes out on the 15th of the month and it's come out as early as the 13th sometimes. We now make sure the money is good to go days before the 15th!

 

[Nikisha421]

What's the big deal??? I have my dues taken from my bank account but I certainly don't carry a balance low enough that if something comes out early it'll be a problem. Yikes - that's living too close to the edge for me! Your best bet it to build up to a bigger cushion...and that should be at least $1000 unless your dues are really really high

maybe I need you to transfer some of your cushion into my always 0 balance checking account...


N E WHO...my payment always comes out early when the 1st is on a weekend...I have a credit union account that lets u see pending transactions days in advance and when the money will actually be pulled... so mine was pending on the 29th and pulled on the 31st since the first was going to be a Sunday