What are partial payments?

If you have some available funds that you would like to put towards your loan, but is not enough to pay off the entire loan, we can put a partial payment against your outstanding loan. A partial payment does not affect the contract term but can offset an amount of the interest accrued at the point of redemption. A partial payment would not prevent your item going to auction but is another option to help ensure you are able to get your item back. In the event your item does to go to auction, you will receive a refund of the partial payments made.