How do payments to Novo Funding work?

After you draw money, you’ll get a schedule with your monthly amount due and payment dates. You can make a payment anytime before your due date, as well. .

If automatic transfers are available in your state, we’ll collect payments from your Novo account on those dates. Please note: if the automatic transfer is ore than the amount due, we'll only pull whats still owed.

If automatic transfers aren't available in your state, you’ll need to make a manual payment each month in your Funding dashboard.

As long as your account has money, payments go through as scheduled. If your account is closed, you can email support@novo.co to make a payment.