Although you may have completed all the paperwork required to start the allotment, from time to time military allotments do not begin as agreed upon by the lender who satisfied this debt. Therefore to insure that your account stays current we have arranged a secondary payment plan. This will only be initiated if your allotment doses not start when the first payment is due or if your allotment stops before your debt is satisfied with the lender.

Please use the bank that your direct deposit goes to as listed on your LES and Net Pay EFT.

I herby authorize the lender who satisfied this debt to debit my checking / savings account or Visa / MasterCard debit card. The lender will deduct $ on the 1st or 15th(or there about) of each month if my allotment is not received when my first payment is due and will continue every month until my allotment payment reaches the lender assigned to this debt.

If the funds are not available on those dates stated above, I further authorize the lender to continue to attempt to debit my accounts attached and any other future accounts made available to the lender as required to being my loan current. I realize this is to my advantage to prevent my account becoming delinquent.

I further authorize the lender to debit my account or any future accounts obtained by the lender if my allotment stops before this debt is satisfied.

I understand a Pre-Printed Voided Check, Deposit Slip or a Direct Deposit Net Pay EFT Print Out from the account that the electronic transfer would come from along with a copy of a valid ID (showing SSN) must be accompanied with this form. If using MasterCard/Visa Card, please provide a copy of the front and back of the card.

I understand that this process will ONLY be used if my allotment should not reach
the lender as specified or should my allotment stop before this debit is satisfied.