Terms & Conditions
LegalAutomatic Payment Terms & Conditions
Enrollment: To enroll in a payment plan for automatic payments (“payment plan”), you must provide us the account number and bank routing number for the checking account from which you want to have your payment amount debited (“designated checking account”).
Payment Plan: You may select one of following payment plans to set your payment amount:
You may select or change the payment date for your monthly payment (“scheduled payment date”), but the scheduled payment date may not be earlier than 14 days after the Payment Due Date for your most recent monthly billing period nor later than the Payment Due Date. Your payment amount may vary from month to month, but it will never be more than the amount for the payment plan you select. Each payment will be processed as an electronic fund transfer. If the entire balance on your credit card account on the scheduled payment date (“current balance”) is less than the payment amount as calculated above, we will debit the current balance from your designated checking account on the scheduled payment date.
Consent to Receive Notices of Intent to Withdraw Payment Amount Electronically; Effect of Withdrawing Consent: By enrolling in or continuing to maintain a payment plan, you affirmatively consent to receive notices of our intent to withdraw your payment amount by electronic mail (“email”). We will send a notice to the email address you have given us 10 days before we withdraw the payment amount from your designated checking account. You must confirm your system’s capability to receivethese notices electronically after you check the box to the left of “I agree to the terms & conditions” and review your payment information. If you withdraw your consent to receive these notices electronically, we will terminate your payment plan.
Change of Email Address: You must promptly notify us of a change in your email address. You may update your email address by clicking on the “My Account” link at the top of the page on the L Card website (lendupcard.com).
Change of Payment Terms: To change your payment amount, the scheduled payment date, the duration of your payment plan or your checking account information, you should follow the instructions for updating your email address stated above.
Our Rights When Any Notice is Returned as Undeliverable: If any notice of intent to withdraw that we have emailed to you is returned as undeliverable, we reserve the right to (1) terminate your payment plan,(2) resend the notice and future notices by regular U.S. mail or (3) call you to obtain your current email address.
Continuation, Your Cancellation and Our Termination of Payment Plan: We will continue to debit the payment amount from your checking account each month there is a balance on your credit card account unless you change or cancel or we terminate your payment plan. You will cancel your payment plan by canceling any payment or selecting an expiration month and year and allowing the plan to expire. In addition to the reasons for terminating or reserving the right to terminate your payment plan stated above, we will terminate your payment plan if (1) you declare bankruptcy, (2) you die, (3) your bank changes its routing number and you do not update the routing number for your designated checking account before your first scheduled payment date after the change takes effect or (4) we determine under our sole discretion that we no longer can withdraw your payment amount from your designated checking account.
If you change your payment amount, we will debit your new payment amount as stated above. Your billing statement will show the payment amount for that monthly billing period as a “payment.” If you cancel or we terminate your payment plan, you must still pay at least the Minimum Payment Due reflected on your billing statement each month by the Payment Due Date reflected on the statement. If your payment is returned by your bank for any reason then a returned payment fee will be applied to your credit card account as disclosed in your credit card agreement.
Automatic Receipt of Confirmation of Payment Terms of Payment Plan: By enrolling in a payment plan, you will receive a confirmation of the payment terms of your payment plan (“Confirmation”) automatically after you click on the “Submit” button to agree to the separate “Terms and Conditions for Receiving Notices of Electronic Payment Amount” that appear in full below and in part before you click on the “Submit” button for the purpose stated above. Please print or otherwise keep a copy of the Confirmation.