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December 29, 2014 06:59:43 PM
Borrowing & Managing Your Credit
In reply to John, Hampton
Thank you for joining us today, John. We'd be happy to review how payments are applied to your loan.
When you schedule a transfer or make any payment from your account to your loan, the payment will go towards your monthly bill which includes both interest and principal. The payment will apply first towards the accrued interest charges and any remaining amount will apply towards the principal loan balance.
If you would like to schedule a payment towards only the principal of your loan or if you have questions about your payment specifically, we ask that you contact our Financial Solutions Group directly for assistance. They are available 24/7 by dialing 800-937-5020. You can also visit us during lobby hours at any TD Store. Please find a listing of our closest Stores at http://bit.ly/TDStores.
We hope this helps, John. Take care.
Megan K, Mount Laurel
December 29, 2014 07:01:47 PM