If you assign multiple creditors to a balance transfer, but one or more creditor payments are returned, your minimum monthly payment for that balance transfer will be adjusted to reflect the total balance owed. You should continue making any required payments to your designated third-party creditors per the applicable account terms.
Why is my minimum monthly payment less than what I was told when I initiated the balance transfer?
Additional Payments FAQ
- Will my automatic payment still be processed if I make a one-time payment?
- How is my minimum monthly payment calculated?
- How do I check my monthly payment amount?
- What is a payment due date?
- How do I set up and cancel autopay for CleanSweep?
- Where can I see my original agreement after I initiate a balance transfer?
- How do I make payments on my CleanSweep line of credit?
- What does "payment due" mean?
- Will I get a notification once my payment processes?
- Can I change my payment due date?
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Related FAQ's
Yes. You'll get an email confirming your payment once it processes.
When you initiate a balance transfer, we will send you an email that includes the details of your balance transfer agreement.
Yes. You can change your due date to any day between the 1st and 28th of the month.
Yes. You can change your due date to any day between the 1st and 28th of the month.
To determine your minimum payment due, we add the installment payment due for each outstanding Balance Transfer Plan, plus any amount past due.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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