You can pay down your Line of Credit manually through the app or set up auto-pay to handle it automatically. As you pay down your balance, your available credit is restored for future draws.
Making a manual payment:
Open the Tilt app and tap Thrive.
Tap Make a payment.
Enter the payment amount and confirm.
Setting up auto-pay: Open the Tilt app and tap Thrive.
Tap Payment settings.
Toggle on Auto-pay and confirm.
Canceling a scheduled payment:
You can cancel a scheduled payment in the app before it begins processing. Once a payment moves to Pending status, cancellation is no longer available.
A few things to know about payments:
Payments are due on the 21st of each month. The minimum payment is the greater of $15 or 25% of your balance (including principal, fees, and interest). Each draw you take has its own payment schedule. If you have multiple draws, you may have multiple scheduled payments.