Handling the notes on my own became too time consuming and tedious. Allowing Investor Loan Services to be the middleman between myself and my Borrowers meant I could focus my attention on other important projects. 
Late Charges
If my note has a 15-day “grace” period, when would a late charge be assessed?
In this case, late charges would be assessed at the end of the day the 16th day after your due date.
For example: If your payment is due on the 1st of the month, a late fee will be charged if we have not received your payment by the 16th.
Please note that a payment is considered “past due” if it is not received by the due date.
How much time should I allow for my payment to reach ILS?
Most general mail delivery is received within 7 business days. The mail process can sometimes be unpredictable. It is the Borrower's responsibility to ensure that payments are received in our office in a timely manner. We are not responsible for lost or late payments.