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Payment Methods and Other Alternatives

Primary Payment Method:
Most lenders will debit your account in the form of an ACH (Automated Clearing House) or EFT (Electronic Funds Transfer). For this you need to have a valid transaction account. Some savings accounts or money market accounts do not allow ACH or other types of transactions to occur on the account. For our purposes these types of accounts are unacceptable. A valid account should include an ABA # for your bank and your account number. You can get this from the bottom of your check. You need to make sure that you have the right numbers. Some banks will put the check number "1391" on the bottom too with other numbers like "100000001391" which only denotes the check number and not the proper ABA# and Account number.

Please check with your lender to determine if other forms of payment are acceptable. You might be able to use these forms of payment.

  1. MoneyGram Payments - You might be able to make payments online using your checking account or credit card, by going to http://www.emoneygram.com, or you can visit a retail store that offers MoneyGram services. (Click here to find a location near you). Check with your lender to see if this option is available.
  2. Cash - It is recommended to not send cash payments via mail. It is dangerous and you risk losing your payment due to theft.
  3. Credit Cards and PayPal - Check with your lender to see if you can use your credit card or PayPal account to make a payment.