Subscribe to The Big Squeeze Subscribe to The Big Squeeze's comments

Archive for the ‘Checkcity Payday Loans’ category

Understand how re re payments are allocated and used.

Solitary Loan – Account is Present

First, the re re payment is placed on Unpaid charges.

2nd, the re payment is placed on Unpaid Interest. Take into account that interest accrues daily.

Third, the payment is placed on the Unpaid Principal.

We are going to use any Overpayment to month that is next re re re payment – until you are enrolled in Auto Pay or provide unique payment instructions. *

Solitary Loan – Account is Delinquent

First, the re payment is placed on Unpaid charges.

2nd, the re payment is put on Unpaid Interest. Remember that interest accrues daily. In case the payment is delinquent, you should anticipate that your particular loan shall accrue more interest than when payments were created on time.

Third, the re payment is put on the Unpaid Principal.

We’re going to use any Overpayment to month that is next re payment – unless you are enrolled in Auto Pay or provide unique payment instructions. *

Numerous Loans – Account is Present

If you have numerous repayments for comparable loan kinds, we might cluster them together in a “Loan Group” so that you will get one consolidated declaration when it comes to loans when you look at the Loan Group and certainly will make one repayment to pay for all of them.

You could request your loans be ungrouped therefore that you get split statements by calling us at 888-272-5543.

For those who have multiple loans, we first allocate the repayment among your loans and then apply the repayment to your Unpaid Fees, Unpaid Interest, and Unpaid Principal as described below. Read more »