How do I make payments on my Credit Limit draws?
Making payments is so easy, it’s automatic. Your payments are made in conjunction with your marketplace payouts. Our system will automatically withdraw (via ACH Debit) the agreed upon payment once that payout has been made to you. Should you wish to pay more (or pay off) a particular draw early, we ask that you contact your Account Manager or reach out to our team at email@example.com.
What are my payment dates?
Your agreement will have all of the details for payments, including specific payment dates, principal amounts, and interest payments.
What if I miss a payment?
We highly encourage you to reach out to your Account Manager or our team if you fear you’ll miss a payment. This will help you avoid late fees, and allow our team to work with you on how to best move forward. We understand that things happen and we’re here to help.
What if I miss two (or more) payments?
Due to our agreement, any account that has missed two or more payments will be sent to a Collections Agency. Additionally, it will be reported on the loan-holder's credit and result in higher late fees.
Please remember that we’re here to help! If you’re experiencing financial difficulties or need to revisit your loan terms, get in touch with our team.