Lines are open Monday to Friday 9am-5:30pm. They will explain how you can make the payment and how your loan will change. If you have no outstanding arrears, fees or charges, please call our customer service team to discuss how you can make your overpayment to us. However, paying online is designed for paying arrears and missed payments. No problem, this will help reduce your balance and reduce the amount of interest you will pay over your loan. Your mortgage account details, which can be found on your statement or letters.Please have the following documents to hand when paying online: This depends on the rates your card provider charges. Just to make you aware, paying by credit card may be expensive and cost you more in the long run.
So, you may want to make your payment before the due date, to give it time to clear so your payment isn't late. Whilst most payments will reach us on the same day, some can take several working days to clear before they are credited to your account. Please refer to your contract for specifics regarding the finance charges of your loan.You can make a payment online through our secure online portal, 24 hours a day.
Your contract may not be simple interest. If the payment in this example was $350.00, $197.40 would be applied to finance charges, and the remaining $152.60 would be applied to the principal balance. That means $197.40 of a payment would be applied to the accrued finance charges and the remainder to other amounts, including the principal. If a payment is received on 6/1/15 and another is received on 7/1/15, thirty days of finance charges accrue. That means $6.58 in finance charges accrue each day. Per diem = (current principal balance) x (finance rate) / 365 (the number of days in a year)Ĭurrent principal balance of $10,000.00 and finance charge rate of 24%: The per diem is the amount of finance charge incurred “per day.” The formula is as follows: The amount of finance charge that accrues is calculated by multiplying the number of days between the last payment and the next payment by your individual daily per diem. Each time you make a payment, the payment amount is applied first to accrued finance charges. Simple Interest means that the finance charges accrue daily, beginning on the date of your contract. The majority of retail installment contracts with Nevada West Financial are “simple interest” contracts. Nevada West Financial is an installment loan company and is not a debt relief agency as defined in 11 U.S.C. We look at your whole situation to help find the best opportunity to put you into a vehicle loan, though, we do report to the three major Credit Reporting Agencies so that your good payment history with us will reflect on your credit going forward. Nevada West Financial does not hold bankruptcy and poor credit against you, checking credit is only part of our decision process.
#Western finance pay online full#
We offer a full spectrum of auto lending programs through Indirect Dealer loans and Direct loans, and our loans vary in length from 24-72 months to offer flexibility in payments to find the right loan for you. We want to work closely with our clients and customers to help them develop a positive relationship with creditors after bankruptcy and/or other credit issues by offering automobile financing through dealership and private sales. Nevada West Financial provides programs that have been developed by a strong management team with decades of lending experience.
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