Repayment of loan
The company's preferred payment method is Electronic Fund Transfer (ACH). This technology authorizes the lender to deduct weekly payments from the customer's bank account automatically. This method frees you from the responsibility of keeping up with the due dates and making transfers every week.
As stated on the website, the personal loan provider offers other payment methods as well. Still, each customer needs to contact their loan officer individually to discuss these options.
If you miss a payment, you will need to pay a fee of up to $10, depending on your state of residency.
Early payoff
The lender also provides an opportunity to repay the loan earlier than 260 weeks. It doesn't charge any additional fees or prepayment penalties.
