Introduction
Welcome to this guide on how to turn off autopay on Lending Club. Lending Club is a popular online lending platform that allows borrowers to obtain personal loans and investors to fund those loans. Autopay is a convenient feature offered by Lending Club that automatically deducts the monthly loan payments from a borrower’s linked bank account. While autopay is helpful for ensuring timely payments, there may be times when you want to disable it. Maybe you have enough funds in your account and want to make a manual payment, or perhaps you want more control over your loan payments. Whatever the reason, this guide will walk you through the steps to turn off autopay on Lending Club.
By following the steps outlined in this guide, you will have the knowledge and tools to disable autopay on your Lending Club account. This will give you the flexibility to choose when and how you make your loan payments, providing you with greater control over your financial situation. So, let’s dive in and learn how to turn off autopay on Lending Club!
Step 1: Log in to your Lending Club account
The first step to turning off autopay on Lending Club is to log in to your account. Open your preferred web browser and navigate to the Lending Club website. Locate the login button on the homepage and click on it.
If you are a new user, you will need to create an account by clicking on the “Sign Up” or “Get Started” button. Fill in the required information, including your email address, desired password, and any other details requested. Once you have completed the registration process, you will receive a confirmation email with instructions on how to verify your account.
If you are an existing user, enter your email address and password in the designated fields on the login page. Make sure to double-check the accuracy of the information before clicking the “Log In” or “Sign In” button.
Once you have successfully logged in, you will be redirected to your Lending Club account dashboard. Take a moment to familiarize yourself with the various tabs and options available.
Please note that if you have forgotten your password, there is an option to reset it by clicking on the “Forgot password?” link on the login page. Follow the provided instructions to regain access to your account.
Logging into your Lending Club account is the crucial first step towards disabling autopay. With your account up and running, you’re ready to proceed to the next step in turning off autopay on Lending Club.
Step 2: Navigate to the “Payments” tab
After logging in to your Lending Club account, the next step is to navigate to the “Payments” tab. This is where you will find the settings and options related to your loan payments.
On the account dashboard, you will see a navigation menu on the left-hand side. Look for the “Payments” tab and click on it. If you do not immediately see the “Payments” tab, you may need to click on a dropdown menu, such as “My Account” or “Dashboard,” to expand the options and reveal the “Payments” tab.
Once you have clicked on the “Payments” tab, you will be directed to a new page dedicated to managing your loan payments. Here, you will find a variety of options and information related to your loan accounts and payment settings.
Take a moment to review the different sections on the “Payments” page. You may see details regarding your upcoming payment due dates, the amount of your last payment, and any active autopay settings. Look for the section that specifically allows you to manage and modify your autopay preferences.
By reaching the “Payments” tab, you have successfully navigated to the section where you can make changes to your payment settings, including disabling autopay. With this important step completed, you’re ready to move on to the next step in turning off autopay on Lending Club.
Step 3: Click on “Scheduled Payments”
Now that you have accessed the “Payments” tab on your Lending Club account, it’s time to proceed to the next step: clicking on the “Scheduled Payments” section. This is where you will find the option to manage and modify your upcoming loan payments.
On the “Payments” page, look for the section or link labeled “Scheduled Payments” and click on it. This will typically be located in a prominent position on the page, as it is a key feature for managing your loan payments.
When you click on “Scheduled Payments,” you will be directed to a new page or section that displays the details of your upcoming loan payments. Here, you can view the specific loans for which autopay is enabled, as well as the dates and amounts of the scheduled payments.
This page not only provides you with an overview of your upcoming payments but also offers the ability to make changes to your payment settings. It is here that you’ll find the option to disable autopay, giving you greater control over how you manage your loan payments.
Take a moment to familiarize yourself with the layout and information presented on the “Scheduled Payments” page. Note that you can typically select and modify individual loans or make changes to your overall payment settings.
By clicking on “Scheduled Payments” within your Lending Club account, you have successfully accessed the section where you can manage your loan payment details. With this step completed, you’re ready to proceed to the next step in turning off autopay on Lending Club.
Step 4: Select the loan(s) with autopay enabled
After navigating to the “Scheduled Payments” section in your Lending Club account, the next step is to select the loan(s) for which autopay is currently enabled. This will allow you to make changes to the autopay settings for those specific loans.
On the “Scheduled Payments” page, you will typically see a list of your loans along with their corresponding payment information. Look for the loans that have autopay enabled. These loans will likely have a checkbox, a toggle switch, or some other indicator indicating their autopay status.
To select a loan with autopay enabled, simply click on the checkbox or toggle switch associated with that loan. If you have multiple loans with autopay enabled, you can select them all by checking the corresponding checkboxes or toggling the switches.
It’s essential to take a moment to review and double-check the loans you have selected. Ensure that you have chosen the correct loans with autopay enabled before proceeding to the next step.
By selecting the loan(s) with autopay enabled, you have set the stage for making changes to the autopay settings. With this crucial step completed, you’re ready to move on to the next step in turning off autopay on Lending Club.
Step 5: Disable autopay for the selected loan(s)
Now that you have selected the loan(s) with autopay enabled, it’s time to proceed to disabling autopay for those specific loans. This step will give you the control to manually manage your payment settings and make changes as needed.
On the “Scheduled Payments” page, after selecting the loan(s) with autopay enabled, look for the option or button specifically labeled “Disable Autopay” or something similar. This button is typically located within the same section where you selected the loans.
Click on the “Disable Autopay” button to turn off autopay for the selected loan(s). Once you do this, the autopay feature will be deactivated for those loans, and you will need to manually make the future payments.
It’s crucial to note that by disabling autopay, you are taking on the responsibility of making your loan payments on time. Ensure that you are prepared to make the payments manually before disabling autopay.
After disabling autopay for the selected loan(s), you may see a confirmation message or notification indicating that the changes have been successfully made. Take a moment to confirm that the autopay status for the selected loan(s) has indeed been turned off.
By disabling autopay for the selected loan(s), you have taken an important step in gaining control over your payment settings. With this step completed, you’re ready to move on to the final step in turning off autopay on Lending Club.
Step 6: Review the changes and confirm
After disabling autopay for the selected loan(s) in your Lending Club account, it is crucial to review the changes you have made before finalizing them. Taking the time to carefully review and confirm the modifications will ensure that your payment settings align with your desired preferences.
On the “Scheduled Payments” page, you will typically see an overview of the changes you’ve made. Verify that the loan(s) for which autopay was originally enabled now show that autopay is turned off.
Double-check the loan details, such as payment amounts, due dates, and payment methods, to ensure they are accurate. Take note of any additional information or prompts that may require your attention regarding the payment settings.
If everything appears to be as expected, it’s time to confirm the changes. Look for a confirmation button, such as “Save Changes” or “Confirm,” on the page. Click on this button to save and finalize the modifications made to the payment settings.
Upon confirming the changes, you may receive a confirmation message or notification indicating that the changes have been successfully saved. Take a moment to review this message and ensure that it reflects the adjustments you made.
It’s always a good practice to refresh the page or navigate back to the “Payments” tab to ensure that the changes have been updated and accurately reflected in your Lending Club account.
By reviewing the changes you’ve made and confirming them, you have completed the final step in turning off autopay on Lending Club. Congratulations, you have successfully disabled autopay for the selected loan(s) and now have full control over your payment settings!
Conclusion
Turning off autopay on Lending Club can provide you with more control and flexibility over your loan payments. By following the steps outlined in this guide, you can easily disable autopay and make manual payments as desired.
Remember, the process starts with logging in to your Lending Club account and navigating to the “Payments” tab. From there, click on “Scheduled Payments” to access the section where you can manage your upcoming payments. Select the loan(s) with autopay enabled and proceed to disable autopay for those loans. Finally, review the changes you’ve made and confirm them to complete the process.
Disabling autopay allows you to make payments at your own discretion, whether it’s to take advantage of specific financial circumstances or to have better oversight of your loan payments. It also enables you to have control over managing your funds and budget accordingly.
Always remember to keep track of your loan payment due dates and ensure that you make manual payments on time. Failure to do so may result in late fees or potential negative impact on your credit score.
We hope this guide has been helpful in guiding you through the process of turning off autopay on Lending Club. If you have any additional questions or need further assistance, don’t hesitate to reach out to Lending Club’s customer support for dedicated help.
Remember, managing your finances and loan payments is an essential part of maintaining a healthy financial life. Taking control of your autopay preferences on Lending Club is just one step towards achieving that goal.
Happy loan repayment!
