Paying Additional Towards Principal
Additional funds received in excess of the invoiced monthly payment are applied first to any outstanding accrued interest and then to the principal balance. The additional funds will also advance your due date which causes your invoice to show no payment is due or less than the full payment is due. You can continue to make your regularly scheduled payments(s), which will further reduce your principal balance and overall interest charges.
If you do not wish to advance your due date, please contact Customer Service. For additional information on Simple Interest Financing, please review the Simple Interest Financing FAQ or refer to your Retail Installment Contract.
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