What is my payment schedule/timeline?

You can find your payment schedule on the loan documents. You should look it over before signing for the loan. Payments are due each paycheck period. The payment amounts, as well as the timeline, will be clearly outlined when you log in to your account. Because each borrower is unique, each borrower has different timelines. We’ve designed Leap Credit’s online system to be exceptionally user-friendly. You’ll see an overview of payments made and remaining loan balance each time you log in.

 

How and where can I make payments?

ACH opt-in or Remotely Created Check (RCC) allows you to make payments automatically each pay period. You may also log in to your account to view payments. Leap Credit will also send you handy notifications to remind you of your next payment due date.

 

What types of payments can I make in an installment loan?

We want to make repaying your installment loan as simple as possible. During the loan application process, we request that you select one of the following automated methods to repay your loan. If you select one of these methods, we automatically collect payments from your bank account on the loan payment due date:

Automated Clearing House (ACH): We electronically debit your bank account for the amount you owe on your due dates. We obtain the bank account information from you at the initiation of your loan.

Remotely Created Check (RCC): We create an electronic check that you’ve pre-signed payable to Leap Credit on your due dates. We obtain the bank account information from you at the initiation of your loan.

If you are not currently opted-in to automatic payments and would like to enroll, please email support@leapcredit.com or call (888) 532-7842. You can request to be opted-in and tell us which method you prefer (ACH or RCC).

 

Can I pay off the loan before the payment schedule ends?

You can pay off your Leap Credit loan at any time without any prepayment fees.

 

What happens if I miss a payment?

If you miss a loan payment, you may be charged a late payment fee in accordance to the regulations of your home state.

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