When an LOC is created, the member chooses the due date that works best for them. A bill is created and sent to the member:
- When a balance is owed on the LOC
- When there was activity on the LOC during the billing cycle
- 25 days prior to the due date
- Even when the LOC is on automatic transfer
The bill contains information about:
- When a bill was created
- How much is owed
- What the due date is
- How much was paid
- A history of bills