What is the postponement time?

postponement is a time when someone is late with payment, but sanctions do not occur. There are a number of different types of postponement periods, but for consumers it is necessary to be aware that the general rule is that if the payment is made during the postponement period, they will not be treated differently from people who apply if the law is due. During this period, the interest will not accumulate new purchases and the card holder can choose to pay the account in full and avoid all interest fees. This postponement period is usually between 21 and 25 days, depending on the credit card company. For example, if the first car insurance premium is, for example, the Budby insurance is effective until the 15th, even if the bonus is not paid. After this point, it does not provide a bonus.

postponement period can also be built into accounts. For example, rent often has a five -day postponement period after the due date, during which it receivesThe payments will not be considered late. The tools also have a delay period between the time when the bill is issued and the date when the law will be due. For example, an electricity law may be issued, but if the account holder pays 28. There will be no sanctions.

Student loans have a classic postponement period after graduation, during which no payments are due. Students may decide during this period to make payments, in which case the creditor may transfer unused months for future use. To stick to the time of postponement for the time is a good financial tension for the STU, because it ensures that they will have some room for twisting in the event of a financial problem.

During the deadline, interest fees, late and other sanctions will not be charged, but as soon as the period is over, the fees may start to decrease. For this reason, it is good to pay accounts in time to avoid punishment. If, for exampleis the processing of payment.