Why was a deduction made for my early renewal?
When you applied for an early renewal, we deducted the remaining balance of your previous loan to close it. This allows us to process your new loan. The deducted amount includes the balance up to the last payment due on your previous loan's maturity date.
Will I receive a refund for the deducted amount?
No, the deduction fully closes your old loan and is applied to its remaining balance. Refunds are not issued in this case.
What happens to my next payment?
The deduction for your next payroll cutoff will already be for your new loan.
Who can I contact for clarification?
If you have questions about your early renewal or deductions, please contact our support team. Thank you for choosing GlobalCreditPros!
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