Auto-Repayment Date Sample Clauses
The Auto-Repayment Date clause defines the specific date on which an outstanding balance or loan will be automatically repaid, typically through a pre-authorized payment method. In practice, this means that the borrower’s account will be debited on the set date without requiring manual intervention, ensuring timely repayment of amounts due. This clause helps prevent missed payments, reduces the risk of default, and provides both parties with clarity and predictability regarding repayment schedules.
Auto-Repayment Date. You must select an available repayment date between 15 to 30 days from the date you get the Advance. When you request an Advance, a list of available repayment dates will be presented to you. Once a repayment date is selected, it cannot be changed or extended.
Auto-Repayment Date. You must select an available repayment date between 15 to 30 days from the date you get the Varo Advance. When you request a Varo Advance, a list of available repayment dates will be presented to you. Once a repayment date is selected, it cannot be changed or extended. Each time you get a Varo Advance, you agree to pay us the full amount due along with the fee, as shown in your periodic statement. Any payment received before 2:30 AM Eastern Time will be credited as of the previous date of receipt. You may choose to repay anytime on or before the Payment Due Date.