That's annoying. My first autopay went through yesterday without any issues. Just one payment of $1794.So my first amortized payment, also for $1794, just went through but my bank account was debited twice for this amount. On the Sofi website there are two transactions listed separately as:Yes my first amortized payment will be at the end of Sept for $1794. All good things come to an end.
Draw Period AutoPay
Installment Period AutoPay
I called Sofi and got through eventually to someone who had any idea about these lines of credit. They said that the system had two separate active autopays in place one for the draw period and one for the installment period. He sad it was a bug and that he would submit my account for review and a refund of the second debit. I never set up a separate auto pay or anything so this seems to be a glitch in how the amortized transition works, the installment period autopay in the amount of $1794 should cover both principal and interest. So check your bank account for double withdrawals when you are transitioning to amortized payments.
Statistics: Posted by mentos — Wed Sep 25, 2024 8:08 pm — Replies 304 — Views 66333