If you assign multiple creditors to a balance transfer, but one or more creditor payments are returned, your minimum monthly payment for that balance transfer will be adjusted to reflect the total balance owed. You should continue making any required payments to your designated third-party creditors per the applicable account terms.
Why is my minimum monthly payment less than what I was told when I initiated the balance transfer?
Additional Payments FAQ
- How is my minimum monthly payment calculated?
- Can I change my payment due date?
- How do I check my monthly payment amount?
- How do I set up and cancel autopay for CleanSweep?
- What does "payment due" mean?
- What is a payment due date?
- How do I make payments on my CleanSweep line of credit?
- Will I get a notification once my payment processes?
Keep more of what you earn and earn more on what you save.
Check your rate. It won’t impact your credit score.2
LendingClub Resources
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Related FAQ's
Yes. You'll get an email confirming your payment once it processes.
Yes. You can change your due date to any day between the 1st and 28th of the month.
Yes. You can change your due date to any day between the 1st and 28th of the month.
To determine your minimum payment due, we add the installment payment due for each outstanding Balance Transfer Plan, plus any amount past due.
You can set up autopay for CleanSweep on your LendingClub account dashboard.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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