Meaning Auto-debit
What does Auto-debit mean? Below you find one meaning for the word Auto-debit You can also add a definition of Auto-debit yourself

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Auto-debit


Repayment of a loan by auto-debit occurs when the borrower sets up an agreement with the loan servicer to deduct monthly loan payments directly from the borrower’s bank account. Lenders may offer a sl [..]
Source: financialaid.gwu.edu




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