What is the Automatic Direct Debits Repayment Plan?
The Automatic Direct Debits Repayment Plan (ADDRP) is a way of making your loan payments without physically writing and mailing a check. The reason it is called “direct debits” is because the amount of your loan payment is automatically debited from your bank account and credited in our bank account on your due date. Even when you are out of town, your monthly loan payment will be automatically paid. [Automatic payments save time and money, reduce paperwork, eliminate lost or late payments, and decrease check writing.
