Include more electronic payoff options
  • Petitioning Mortgage, Credit Card and Student Loan Lenders

This petition will be delivered to:

Chief Executive Officer
Mortgage, Credit Card and Student Loan Lenders

Include more electronic payoff options

    1. Dalia N
    2. Petition by

      Dalia N

      AZ

Debt is big business in America. Credit card, mortgage and student loan companies profit from the interest rates they charge their users. Because of this, it is in their best interest to make it inconvenient for the debt to be paid off early. Currently, most lenders apply extra payments to interest and then put the loan into "paid ahead status", rather than toward paying down the principal. I urge you to sign this petition so that lenders are required to put a simple option on their website for borrowers to indicate where the extra payment should be applied (to principal or to pay the loan ahead). After all, it's our money and should be our choice! (Picture courtesy of Meagen Ridley on blogspot)

To:
Mortgage, Credit Card and Student Loan Lenders, Chief Executive Officer
Include more electronic payoff options so that consumers have the option to apply extra payments to the principal of the debt.

Sincerely,
[Your name]

Recent signatures

    News

    1. Reached 25 signatures

    Supporters

    Reasons for signing

    • Ryan Hodge GARY, IN
      • 9 months ago

      because something has to change... and ASAP!!!

      REPORT THIS COMMENT:

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