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Partial Payment Frequently Asked Questions
Yes, you may make a partial payment to reduce what you owe. Partial payments must be at least $25. Please note that any payment made for less than the total amount due may not be enough to avoid a late fee or keep your account in current status. Keep in mind that making a partial payment does not stop or prevent collection activity from occurring, and finance charges as well as late fees may continue to be added to the balance of your loan. You may also incur a standard third-party processing fee for one-time partial payments.
If you make a partial payment, you’re still responsible for making your regular monthly payments on time and paying for any other amounts due. To learn more about when late charges apply on your account, check your contract. If you need to request a copy of your contract, contact us at 1-800-900-5150.
No, paying some or all of your monthly payment before your due date doesn’t change your due date. To request a due date change, you’ll have to contact us at 1-800-900-5150. It is important to note that you are still responsible for making your regular monthly payments on time, and paying for any other amounts due, but you can adjust your payment frequency to better fit your budget.
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