Your cycle date is an important date for your hummpro account. It is the date your account is opened and will then become the date your repayments are due. It is always the same date each month except the for the 29th, 30th or 31st of the month, which we will align to the 26th, 27th or 28th of the month.
All your transactions each month are grouped into a single balance that is due on your cycle date.
For example, if you opened your account on the 15th of March your cycle date will always be the 15th of each month. Your first set of transactions will be grouped and will close on the 15th of April. Your total balance will then become due in one month’s time on the 15th of May. If you choose to Pause or Plan your new repayment date will also be on the 15th of the month.