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Early repayment of Financed payment ⏳
Early repayment of Financed payment ⏳
Becca Campbell avatar
Written by Becca Campbell
Updated over 7 months ago

Within certain windows and terms, you may be able to early repay bills that you financed via Settle Working Capital before the payment due date. Below are your repayment options based on your loan terms.

Paying off a bullet loan financed bill before its due date

  1. Click on the bill you'd like to repay early either through the Bills tab or by clicking on the Related to hyperlink that is on the associated row of the payment in the Payments tab.

  2. Select View next to the Debit on date to bring up the Extended payment terms window.

    From this view, you should see 3 horizontal dots next to the View link. Clicking on those, will display a quick link to the repay early flow.

  3. On the Extended payment terms window, click the Repay early button towards the bottom of the window to schedule an ACH debit from your bank account for repayment to Settle.


  4. Enter either the partial or full amount you would like to pay early. If you process a partial repayment, the remaining fee amounts plus final repayment will all update based on your remaining balance. If you process a full repayment, the remaining fee amounts may update based on your remaining payments.

  5. From the Repay early window, click the Submit your payment button to process your early repayment. Click through the confirmation screens to complete this payment.

  6. Once processed, your credit profile will reflect your updated availability.

Note: If you pay the loan balance or portion of the loan balance early, you will not see a refund on the fee for any partially completed extension periods. For example: If you financed a bill out to 120 days, then decide to pay Settle back on day 75, you will not be charged for the final extension period (90 to 120 days), but won't be refunded for the 60 to 90 day period.

Not seeing the Repay early button? If you have an upcoming loan payment scheduled within the next 1-2 business days, this option will be temporarily hidden while that payment processes. Once that payment processes, you should see the Repay early option again.

Paying off an amortized loan financed bill before its due date

  1. Click on the bill you'd like to repay early either through the Bills tab or by clicking on the Related to hyperlink that is on the associated row of the payment in the Payments tab.

  2. Select View next to the Debit on date to bring up the Extended payment terms window.

    From this view, you should see 3 horizontal dots next to the View link. Clicking on those, will display a quick link to the repay early flow.

  3. From the Extended payment terms window, click the Repay early button towards the bottom of the window to schedule an ACH debit from your bank account for repayment to Settle.

  4. For this loan type, you are only able to submit the full repayment amount regardless of the number of extension periods you have left. By submitting an early repayment, the remaining fee amounts may update based on your remaining payments.

  5. From the Repay early window, click the Submit your payment button to process your early repayment. Click through the confirmation screens to complete this payment.

  6. Once processed, your credit profile will reflect your updated availability.

Not seeing the Repay early button? If you have an upcoming loan payment scheduled within the next 1-2 business days, this option will be temporarily hidden while that payment processes. Once that payment processes, you should see the Repay early option again.

Looking to further extend the repayment window on an invoice? Click here to learn how to change time extensions.

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