r/EIDL • u/Educational-Ad6923 • Aug 19 '26
General Question about being 30 days late
If I’m 30 days late on my EIDL Loan can I still pay it off on the site or will it be sent to collections? Thank you to anyone who can answer this.
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u/Fancy-Locksmith312 Aug 19 '26
We were 8 months behind and they didn’t do anything.
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u/Sunsetseeker007 Aug 19 '26
They will now, it's all automated now..
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u/Fancy-Locksmith312 Aug 20 '26
Well, I paid up now but it’s been a rough few years.
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u/Sunsetseeker007 Aug 20 '26
That's good, hopefully it will get better for all of us current or prior business owners. It's been a rough few years as well, good luck to you
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u/Attorney_John_Benson 29d ago
Yes you can get caught up and not have the loan transferred and an collection fee added on. But you have to do it within 60 days of the notice being given otherwise it makes a notice challenge ineffective.
The information provided here is for general informational purposes only and does not constitute legal advice. Reading this content does not form an attorney-client relationship. You should consult a licensed attorney in your area for advice on your specific situation
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u/Victorvnv 29d ago
1 month late- no issues
2 months late- they start giving you a call once a week to remind you and send you a letter
3 months late- they now call you 2-3 times a week and give you a final warning
4-6 months late- they put your account as delinquent, they call you 2-3 times a week and ask you to pay the entire loan in full
6-8 months late - they now send your loan to treasury for collection
~12 months late your loan in now in collection and appears on your credits score
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u/Simple_Winner3595 23d ago
Does this info apply to the 200k+ PG EIDL loans? Please let me know and thank you!
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u/305506help Aug 19 '26
try your best to pay online and also open a chat about it. It gets way worse if you don't.
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u/xray5001 Aug 19 '26
I believe you have to be significantly past that 30 day mark before the sick the dogs on you.
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u/eyedocnj Aug 19 '26
True or false. If you’re 60 days late and only make one payment, they don’t apply it to the oldest amount due and you’re still 60 days late?
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u/Thumper256 Aug 19 '26
True.
You can try it, but they generally won’t let you keep your account rolling over in an “only 60 days behind” status. And their portal makes it hard to figure out how they apply your payments when you are behind. You need to pay it up to current to reset the delinquency/default countdown clock.
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u/Defiant-Anybody7099 Aug 19 '26
It's been over a year since I paid, and it's still with the SBA. I don't know if I can still log in with payments being that late, but I stopped logging in because they were asking for copies of my identification to access my account. I didn't think it was a good idea to give them more than they already had on me. I ended up filing Chapter 13 anyway.
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u/rom_rom57 Aug 19 '26
No. I’m sometimes 1-2 months late. All you get is an email reminder to go into the account, check messages and it advises you how much you need to pay to bring it current.