🟢 Why Was My Rent Payment Delayed?
Your rent payment may be delayed if your split-rent request was submitted after 2 PM ET on a business day, or during weekends and holidays. In such cases, the payment is scheduled for the next business day’s 2 PM ET processing window.
📘 Detailed Explanation
🕒 Split Rent Request Timing
Livble processes rent payments at 2 PM ET on business days.
Requests submitted after this time, or on weekends/holidays, are scheduled for the next business day’s 2 PM ET window. At this stage, your rent has not been paid yet.
⏳ Understanding “Pending” Status
When your split-rent shows “Pending” in your Livble app, it means your rent payment and first installment are scheduled for the next payment cycle at 2 PM ET on the next business day.
Your dashboard will show the exact date and time. For example: “We will pay your rent on Monday, June 3rd, at 2 PM ET.”
Until then, your landlord has not been paid, and your first installment hasn’t been debited yet. Make sure your linked bank account has enough funds to cover the payment when it runs.
💳 First Installment Debit
Once Livble pays your rent, your first installment (down payment) is immediately debited from your bank account, along with your fee (prices may vary).
This payment is applied to your loan and enables the rent payment process.
⚠️ Important Considerations
Livble’s Rent Window usually closes on the 10th of the month (or the prior business day).
Splitting rent after the 1st may result in a higher loan price.
If a late fee is incurred during the delay, it will be added to your total loan amount and included in your down payment.
If a late fee is present on your ledger before a split-rent delay, you will not be eligible to split rent that month.
✅ Tips to Avoid Delays
Submit your split-rent request before 2 PM ET on business days to ensure same-day processing.
Split rent early - before the 1st - to avoid potential increases in loan price.
Ensure sufficient funds are available at the time of your scheduled payment to cover the full downpayment amount and any late fees incurred during scheduling.
Check your bank account(s) connection(s) regularly to avoid payment interruptions.