High risk

Debt repayment merchant accounts

Payment plans collected by card or ACH carry return and dispute risk that underwriters price in. We place debt repayment and loan servicing companies with processors that knowingly accept them, then stay on the account with you after approval.

Why underwriters look closely at debt repayment

Payment plans

Scheduled payments fail when balances run low, and every failed card payment or ACH return counts against you.

Collecting for others

Collecting for a lender or creditor raises agency and licensing questions.

Unauthorized claims

Consumers who dispute a debt sometimes dispute the payment too.

A payment setup that fits

How we usually set up debt repayment and loan servicing companies. Your consultant tailors it to how you actually sell.

  1. 1

    ACH with careful retries

    Nacha rules allow a payment returned for insufficient funds to be retried no more than twice. We help you time retries around paydays.

  2. 2

    Card updater

    Keeps autopay working when cards are reissued.

  3. 3

    A reminder before each debit

    Notice before every scheduled payment cuts returns and disputes.

What you’ll need to apply

Have these ready and your application moves faster. Your consultant confirms the exact list for the processor you’re matched with.

  • Government ID for every owner with 25% or more
  • Voided business check or bank letter
  • Recent business bank statements
  • Recent processing statements, if you have taken cards before
  • Articles of incorporation and EIN letter
  • A website with clear pricing, refund, cancellation and contact details
  • Payment authorization forms or recordings
  • Licenses required for your lending or servicing
  • A sample payment-plan agreement

Why applications get declined, and how to avoid it

  • No written authorization for recurring debits
  • High rates of unauthorized ACH returns
  • Lending or servicing without the required licenses

We review your website, policies and statements against these before anything is submitted.

Get startedFor debt repayment and loan servicing companies. Two minutes to start, and a consultant calls you back.
Get started

Keeping the account healthy after approval

Getting approved is half the job. These habits keep your account in good standing, and our platform tracks the numbers behind them for you.

  • Send a reminder before every debit
  • Retry failed payments only as often as the rules allow
  • Make it easy for consumers to change payment dates
How our consulting after approval works See how we’d watch an account like yoursClick through the hub with sample data: the dispute ratios, approvals, fees and deposits we track for debt repayment and loan servicing companies.Try the demo

Debt repayment: common questions

How often can we retry a failed ACH payment?

For insufficient or uncollected funds, twice after the original return, within 180 days of the original date. Beyond that you need new authorization.

What ACH return rate is a problem?

Nacha monitors unauthorized returns above 0.5%, administrative returns above 3% and all returns above 15%. Banks often act before you reach those. We watch your rates for you.

Can we take card payments on a plan too?

Yes. Many servicers offer both and let consumers choose.

What happens after I’m approved?

We keep working with you. Our platform gives you one view of every account, and we review your chargebacks, approval rate, fraud tools and fees with you so the account stays healthy and gets cheaper over time.

Related industries

Talk to a payments consultant

Tell us about your business. We’ll tell you which processor fits, what it should cost, and how we’ll keep it optimized after you’re approved.