How Bi-Weekly Acceleration Works;
https://www.biweekly.com/eac/ujs/info/biAutoPPPresent.html?num=1
Making half the monthly payment every two weeks generates 26 half payments for a total of 13 payments each year. Approximately every six months, Bi-Auto forward’s the “extra” electronic deductions to the lender to be applied against the principal portion of the loan. This satisfies the loan months earlier, reducing wear and tear and mileage and increasing equity in the vehicle. Alternative debit schedules, such as Weekly, Monthly and Twice- Monthly, are also available and can be matched to customer pay days.
How Biweekly
Acceleration Works
Making half the monthly payment every two weeks
generates 26 half payments for a total of 13 payments
each year. Approximately every six months, Bi-Auto
and Bi-RV forward the “extra” electronic deductions
to the lender to be applied against the principal
portion of the loan. This satisfies the loan months
earlier, reducing wear and tear and mileage and
increasing equity in the vehicle. Alternative debit
schedules, such as Weekly, Monthly and Twice-
Monthly, are also available and can be matched to
customer pay days.How Biweekly Acceleration Works:Making half the monthly payment every two weeks generates 26 half payments for a total of 13 payments each year. Approximately every six months, Bi-Auto and Bi-RV forward the “extra” electronic deductions to the lender to be applied against the principal portion of the loan. This satisfies the loan months earlier, reducing wear and tear and mileage and increasing equity in the vehicle. Alternative debit schedules, such as Weekly, Monthly and Twice- Monthly, are also available and can be matched to customer pay days.