Quote:
Originally Posted by Mindz
So I'm talking to my friend from Alabama and she says her car payment isn't due for another 2 days. The car payment was withdrawn from her account today while she's a few hundred dollars in the red.
Is this legal? How does she go about fixing this (she put money in her account via check, but it takes a day to clear).
Will this affect her future payments/credit or what?
Thanks in advance.
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You're forgetting it's the holidays. Ask her to go though the fine print. Most payment contracts have a clause that talks about if they are closed on the day payment is due (in this case Christmas). Some do it on the next work day but some require payment on the work day before. Depending on how it's done up it can be perfectly legal.