6 Month No Interest Prepayment Promotion Terms

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6 Month No Interest Prepayment Promotion Terms

6 Month No Interest Prepayment Promotion (the “Prepayment Promotion”) allows you to effectively repay your 12-month payment plan (“Loan”) without interest. To qualify for the Prepayment Promotion, you must meet the following three conditions: (1) by or before the date that is six (6) months from the date of your Loan, you must inform us (by calling us at 855-727-2395 or emailing us at [email protected]) that you are electing to utilize our Prepayment Promotion (after six (6) months, the Prepayment Promotion will expire), (2) at the time you contact us about your Prepayment Promotion election, you must have at least made each of your minimum monthly payments under your Loan within ten (10) days of the payment due date for each such payment, and (3) you must pay the Prepayment Promotion Payoff Amount (if any) by or before the date that is six (6) months from the date of your Loan. The Prepayment Promotion Payoff Amount will be equal to your remaining principal balance owed on your Loan at the time you call or email us to elect the Prepayment Promotion, less the interest that you paid as part of your required Minimum Monthly Payments. If your remaining principal balance is less than the interest you already paid, we will refund you the difference. If you fail to satisfy any of these conditions, you will not qualify for the Prepayment Promotion and will be required to repay your Loan pursuant to the terms of your Loan.