What happens if I miss a SmartPay payment?
If you miss a payment, Smartpay will immediately pause your account and you won't be able to buy anything else through Smartpay until your due payments have been settled.
We are unable to change or extend your due date.
Yes. You can pay off early. To pay off early, log into your SmartPay account and navigate to the âMake a Paymentâ tab.
To become a GSA SmartPay Purchase card/account holder, your personal credit history is not criteria for receiving a purchase card/account. In addition, use of the purchase card/account will not affect your personal credit history.
Refunds are applied starting with the last payment, working backwards to earlier ones. Once the merchant has issued the refund to Smartpay, this will immediately be reflected on your Smartpay account. Any funds will be transferred back to the card that was used to pay.
SmartPay will work with you to make up the payment. Nonpayment will result in collection efforts. More than three delinquent payments may affect your eligibility for future SmartPay lease approvals.
Depending on the bill, if you fall behind on payments, there can be many repercussions, including late fees, higher interest rates, repossession of your car, foreclosure on your home, and damage to your credit score.
The CFPB alleged that the defendants, who offered a âpayment acceleratorâ program to consumers for auto loans falsely claimed its individualized benefits would save consumer's money. The CFPB alleged that this conduct violated the Consumer Financial Protection Act (âCFPAâ).
You can lease more than one device with a Total Wireless service plan (if approved). Is there insurance with the SmartPay lease purchase plan? A handset protection plan is included as part of your lease.
Can I get more than one phone under the same SmartPay Lease payment plan? Yes, as long as it is within your approval amount. With SmartPay you are approved for a specific dollar amount, so you can spend it on devices, accessories, and the first month's service plan.
What happens if you miss an Affirm payment?
Affirm never charges late fees, but if you've stopped making payments for more than 120 days, we may charge off your loan. Once a loan has been charged off, it may be sent to a third-party collections agency at any time.
Can I cancel my account? To return your phone and cancel your lease-to-own transaction, please contact us at 925-298-6109, Monday â Saturday 7 am to 7 pm PST or Sunday 7 am to 5pm PST.
When you shop online at Straight Talk wireless or in a Walmart location that offers SmartPay Straight Talk services, you'll not only be able to choose from among the most popular phones available today, but you'll also be able to get one that fits your budget.
Any business with an average turnover of over $10,000 per month in card transactions can apply for Smartpay Zero Costâą EFTPOS. If your turnover is below this in a particular month, you'll be charged a terminal rental of $34.95 + GST, but you won't have any transaction fees to pay.
Pattern of Complaint:
-Customers experiencing confusion regarding their contracts. Customers allege being provided with information about the payments required to pay off their phones, but later finding they owed more than indicated. -Customers being inconsistently charged for payments on their accounts.
Missing a payment will also likely incur late fees. In some cases, missing even one payment may trigger a clause in your loan or lease terms that allows lenders to increase your interest rate. Restoring your good credit will mean making up for any missed payments as soon as possible and staying current thereafter.
You may return your device as long as it is within the retailer's return window. Please contact the retailer for instructions on returning the device. If it is after the retailer's return window, you can return it to SmartPay by contacting the SmartPay+ Customer Support Team at (844) 663-1309 to request a return label.
Our terminals automatically calculate a surcharge and add a small commission, which is how Smartpay makes money through our Zero Costâą EFTPOS solution. Similar to this, our Simple Flat Rate includes a small commission.
Generally speaking, the reporting date is at least 30 days after the payment due date, meaning it's possible to make up late payments before they wind up on credit reports. Some lenders and creditors don't report late payments until they are 60 days past due.
What is the grace period for paying your bill?
A grace period is usually between 21 and 55 days. Keep in mind that a credit card grace period isn't an extension of your due date. If you pay less than the full balance, miss a credit card payment or pay your bill late, your credit card issuer will charge you interest.
Once a late payment hits your credit reports, your credit score can drop as much as 180 points. Consumers with high credit scores may see a bigger drop than those with low scores. Some lenders don't report a payment late until it's 60 days past due, but you shouldn't count on this when planning your payment.
About us. SmartPay is a technology-driven company that works with the leading wireless retailers to provide innovative device lease-to-own solutions nationwide.
Application - SmartPay may check past payment history, but no established FICO score or credit history. Approval - Approval is not guaranteed to all customers. Purchase - Items purchased via SmartPay are not owned until all payments are made or customers exercise their early purchase option (âEPOâ).
Debt settlement can eliminate outstanding obligations, but it can negatively impact your credit score. Stronger credit scores may be more significantly impacted by a debt settlement. The best type of debt to settle is a single large obligation that is one to three years past due.
