I hereby authorize Prosper Marketplace, Inc., its subsidiaries, affiliates and their assignees or service providers (“Prosper”) to initiate recurring electronic debit entries to my designated checking or savings account (“Account”) at my designated financial institution (“Financial Institution”) for which I am an authorized user, as well as any Account or Financial Institution I later designate, for payment toward my credit card account each month on the date I have designated. The amount to be debited from the Account each month will be the “Minimum payment,” “Statement balance,” or other amount I have designated. I acknowledge that the origination of electronic debits from my Account must be permitted by my Financial Institution, which must be located in the United States.
THE AMOUNT DEBITED FROM THE ACCOUNT EACH MONTH WILL BE THE MINIMUM PAYMENT DUE AS SHOWN ON THE MONTHLY CREDIT CARD STATEMENT. THE PAYMENT WILL BE AUTOMATICALLY DEBITED EACH MONTH ON THE DUE DATE I HAVE DESIGNATED; HOWEVER, IF THE DUE DATE OCCURS ON A WEEKEND OR HOLIDAY, THE ACCOUNT WILL BE DEBITED THE NEXT BUSINESS DAY. I UNDERSTAND THAT THE AMOUNT AUTOMATICALLY DEBITED EACH MONTH MAY VARY AND THAT THE MONTHLY STATEMENT WILL BE THE NOTICE OF THE MINIMUM PAYMENT DUE.
I understand the amount debited via AutoPay under this agreement will never be more than the Minimum Payment Due, however, it may be less because payments, returned purchases, and other credits can reduce the amount if they post to my credit card account between the statement closing date and the date my payment is processed.
THE AMOUNT DEBITED FROM THE ACCOUNT EACH MONTH WILL BE THE STATEMENT BALANCE AS SHOWN ON THE MONTHLY CREDIT CARD STATEMENT AS “NEW BALANCE.” THE PAYMENT WILL BE AUTOMATICALLY DEBITED EACH MONTH ON THE DUE DATE I HAVE DESIGNATED; HOWEVER, IF THE DUE DATE OCCURS ON A WEEKEND OR HOLIDAY, THE ACCOUNT WILL BE DEBITED THE NEXT BUSINESS DAY. I UNDERSTAND THAT THE AMOUNT AUTOMATICALLY DEBITED EACH MONTH MAY VARY AND THAT THE MONTHLY STATEMENT WILL BE THE NOTICE OF THE NEW BALANCE.
I understand that the amount debited via AutoPay under this agreement will never be more than the New Balance, however, it may be less because payments, returned purchases, and other credits can reduce the amount if they post to my credit card account between the statement closing date and the date my payment is processed.
I understand that my authorization will remain in full force and effect until I notify Prosper that I revoke it.
If you wish to revoke this authorization, AutoPay can be turned off at www.prospercards.com or www.myprospercard.com. Individual automatic payments can be cancelled while remaining enrolled in AutoPay by calling 1-(800) 903-4697 between 8:00 a.m. and 8:00 p.m. Eastern Time at least three (3) business days prior to the scheduled transfer of that payment.