Payment Processing
There are a variety of options
we can offer to your customers for making
their loan and/or periodic fee payments:
- They can use a payment coupon and send
the payment to our automated bank lockbox.
These payments are deposited and transmitted
daily to our computer system.
- They can choose to have their payment
and, if desired, additional principal
payment amounts automatically drafted
from their bank account using our SurePay
program. You may choose to encourage your
customers to use this program by offering
them a lower interest rate on their loan
through a SurePay Incentive program. Periodic
fee payments can utilize SurePay for monthly
and quarterly billing only.
- Your customers can also pay using their
credit card. We currently accept VISA,
MasterCard, American Express, and Discover
Card. This option is especially convenient
for foreign customers.
- You may choose to have your customers
receive periodic statements, rather than
a payment coupon book. These statements
can be custom designed to meet your needs,
and include an OCR scanable remittance
advice and a return envelope.
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