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How are funds withdrawn or distributed?

April 26, 2017distributed funds withdrawn

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10 Posted

How are funds withdrawn or distributed?

2 Answers

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10 Posted

Funds are automatically debited from the account (checking or savings) you choose during signup. The funds are submitted to your lender every month in the form of either an electronic transaction or a paper check. You will receive a welcome package upon enrollment with the specific dates of your debits and the dates that the payments are applied to your loan. In addition, each year you will receive a statement providing those dates for the coming year.

0

Posted

Funds are automatically debited from the account (checking or savings) you choose during signup. The funds are submitted to your lender every month in the form or either an electronic transaction or a paper check.