If you are consolidating debt or you’ve decided to work with another lender, it is likely that you will have to provide them with a payoff letter from Fundbox to zero-out your outstanding balance. To get a payoff letter, contact Fundbox Support.
It’s important to note that when you request a payoff:
- The payoff amount is valid for a two week period.
- Auto payments will be paused during that period and you will not be able to draw funds.
- If you decide to cancel your payoff, or if the amount is not received by the date provided, we will restart auto payments and add the fee for each payment that was not debited during the payoff period.