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Knowledge Base Article

Paid off loan with a payment due date

I paid my loan off but it still shows a payment is due? Will the payment be deducted from my account?

When a loan is paid off it can take up to 30 days to close out. Generally, loans are closed at the end of the month that they were paid off.

If you pay it off near the beginning of the month, you may notice payment due reflected on your loan. If there is a $0.00 balance, there is no payment due, regardless of the due date.