MinPay is an automatic payment feature for your Thrive account. It schedules payments on your detected pay dates so your minimum payment is covered before the due date — helping you stay current and build positive payment history.
How MinPay works
Minimum payments are due on the 21st of each month, starting the month after your draw. MinPay automatically schedules a payment on the pay date closest to — and before — that due date.
MinPay only debits your account if no other payment covering your minimum has already been scheduled or made before the MinPay date.
Examples
Pay Date(s) | Draw date and amount | First scheduled payment date and amount | Minimum payment owed | Will MinPay be debited? |
1st of the month | 1/3 for $200 | 2/1 for $100 | $100 on 2/21 | No |
1st of the month | 1/3 for $200 | 2/1 for $50 | $100 on 2/21 | Yes, on 2/1 for $50 |
1st of the month | 1/27 for $200 | 3/1 for $200 | $100 on 2/21 | Yes, on 2/1 for $100 |
15th and 30th | 1/3 for $200 | 1/15 for $100 | $100 on 2/21 | No |
15th and 30th | 1/7 for $200 | 2/28 for $200 | $100 on 2/21 | Yes, on 2/15 for $100 |
If you make a partial payment before the MinPay date, we'll only debit the remaining amount owed.
You can view all upcoming and scheduled payments in your app at any time.
Turning off MinPay
If MinPay doesn't work for you, you can turn it off in the app:
On the Home page, tap on the Thrive section
Tap "More" and then "MinPay"
Select "Turn off MinPay"