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I entered an activation date and the web site calculated a different date for my first payment. What am I doing wrong?

April 26, 2017activation calculated different doing payment web site wrong

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I entered an activation date and the web site calculated a different date for my first payment. What am I doing wrong?

1 Answer

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Posted

If you entered an activation date that is less than 10 business days from today’s date, your activation date will be automatically adjusted to include the 10-business day verification (prenote) process. Example: Today is January 21st (Tuesday) and a payment frequency of semi-monthly (15th and 30th) is selected. Wednesday the 22nd is entered as the activation date. The first payment date is set to February 18th. The 18th is determined by calculating 10 business days (January 22nd- February 4th), and then determining if the 15th is a business day. Since the 15th is on a weekend (Saturday) and the 16th and 17th are a weekend and holiday, the next payment date is set to the 18th.