Grace Period selector is incorrect

The Grace Period dropdown selector doesn’t match standard messaging for leases, credit cards, mortgages, bills, student loans, auto loans, and health insurance.

The selector options should match the language below the dropdown and include the due date. For example, if “Rent is due on the 1st and late after the 3rd”, then that’s a 3-day grace period (1st, 2nd, 3rd), and it’s late after 11:59 pm on the 3rd.


Investopedia provides this example: If a consumer has a mortgage with a due date on the fifth of every month—and the contract has provided a five-day grace period—the payment can be received as late as the 10th of the month without the borrower incurring any penalties. This is an example of a loan grace period in a mortgage loan.