The mission of the Department of Defense is to provide the military forces needed to deter war and to protect the security of our country. The department's headquarters is at the Pentagon. Get the latest DoD News products delivered to your inbox.
Worse, late payment may cause you to forfeit some or all of the rewards you've accumulated. By the time your account is 180 days late, i.e. you've missed six payments, the card issuer will typically charge-off the account, writing it off as a loss. The charge-off goes on your credit report and stays for seven years.
Credit card payments take approximately 1 business day to clear and bank account payments take about 1-5 business days to clear. Bank account payments can take longer if the payment is made on a Friday or if a bank account hasnât been confirmed. Make sure the payer has confirmed his or her bank account! Withdrawals to bank accounts take 1-5 business days to clear.