Have you been struggling with your Tower Loan bill payments? Maybe you’ve missed a payment or just want a simpler way to stay on top of your finances. Don’t worry, we’ve got you covered! At Tower Loan we understand that life gets busy and keeping track of bill payments can be just one more thing on your to-do list. That’s why we’ve made it super easy to pay your Tower Loan bill through multiple convenient options.
How to Pay Your Tower Loan Bill Online
The easiest and quickest way to pay your Tower Loan bill is through our online payment system, Tower Loan has partnered with REPAY to provide a secure electronic bill payment platform that’s available 24/7 Here’s how you can access it
- Visit our dedicated payment portal at https://towerloan.repay.io/ebpp/
- Enter your account information
- Choose your payment method
- Review and submit your payment
The online system is designed to be user-friendly, even if you’re not tech-savvy It takes just a few minutes to complete a payment, and you’ll receive immediate confirmation when your transaction is processed
Pay By Phone Option for Tower Loan Customers
Not comfortable with online payments? No problem! Tower Loan offers a convenient 24/7 pay-by-phone option. Just call 844-398-3939 anytime, day or night, to make a payment over the phone.
I tried this myself last month when my internet was down, and it was surprisingly quick! The automated system walks you through each step, making it almost as easy as the online option.
Tower Loan’s New Mobile App
Exciting news! Tower Loan has recently launched a new mobile app that makes managing your loan and bill payments even easier. The app allows you to:
- Make payments directly from your smartphone
- Check your balance and payment history
- Set up payment reminders
- Access account information on the go
As Tower Loan mentions in their blog: “In today’s modern digital world, money borrowing apps help people access the funds they need more quickly and efficiently than ever before.”
If you have questions about using the app, Tower Loan has a dedicated Mobile App FAQ section on their website to help you get started.
In-Person Payment Options
Sometimes nothing beats the personal touch. If you prefer to pay your Tower Loan bill in person, you can visit any of their 240+ locations across six states:
- Alabama
- Florida
- Illinois
- Louisiana
- Mississippi
- Missouri
- Tennessee
- Texas
Their extensive network means there’s likely a convenient location near you. As Tower Loan proudly states, “We have helped over 200,000 customers get the money that they need.” And now, they’re making it just as easy to repay that money.
Setting Up Automatic Payments
Want to never worry about missing a Tower Loan payment again? Consider setting up automatic payments. This option allows Tower Loan to automatically withdraw your monthly payment from your designated bank account on the due date.
Benefits of automatic payments include:
- No more late fees
- Improved credit score by ensuring on-time payments
- Peace of mind knowing your payment is taken care of
- No need to remember payment dates
To set up automatic payments, you can either use the online portal, mobile app, or contact customer service.
Managing Your Tower Loan Bill: Tips and Tricks
Managing your Tower Loan bill doesn’t have to be stressful. Here are some practical tips to help you stay on top of your payments:
1. Understand Your Loan Terms
Tower Loan offers traditional installment consumer credit with fixed rates and fully-amortized closed-end extensions. What does that mean in simple terms? Your loan has:
- Fixed monthly payments
- A specific end date
- A clear payoff amount
Knowing these details helps you budget properly for your payments.
2. Calculate Your Interest Correctly
As Tower Loan explains in their blog, “Loan interest is the cost of borrowing money and is typically expressed as a percentage of the loan amount.” Understanding how your interest is calculated can help you manage your loan better.
For example, if you borrowed $6,000 with a 34.96% Federal Annual Percentage Rate (APR) with a 29.22% State Federal APR and a 26-month term, your payments would be $333.00 per month, with a total repayment of $8,658.00 over the full term.
3. Consider Early Payoff Options
If your financial situation improves, you might want to pay off your Tower Loan early. While Tower Loan’s website doesn’t specifically mention early payoff penalties, it’s always good practice to contact customer service to:
- Verify if there are any prepayment penalties
- Request a payoff quote
- Understand how early payoff will affect your total interest paid
What to Do If You’re Having Trouble Making Payments
Life happens, and sometimes financial difficulties arise. If you’re struggling to make your Tower Loan bill payments, it’s important to be proactive:
- Contact Tower Loan immediately – Don’t wait until you’ve missed a payment
- Explore hardship options – Tower Loan may be able to work with you on a modified payment plan
- Consider refinancing – If eligible, refinancing your loan might result in lower monthly payments
- Seek financial counseling – Tower Loan offers financial education resources that may help
Remember, ignoring the problem will only make it worse. Tower Loan has helped hundreds of thousands of customers, and their customer service team is there to help you too.
Common Questions About Tower Loan Bill Pay
Can I make a partial payment on my Tower Loan bill?
While Tower Loan expects full payments according to your loan agreement, they may accept partial payments in certain circumstances. Contact customer service to discuss your situation.
How long does it take for my payment to post?
Online and phone payments typically post to your account within 1-2 business days. In-person payments at a Tower Loan branch are usually credited immediately.
Is there a fee for making online payments?
Tower Loan’s website doesn’t specifically mention fees for online payments through their REPAY system. However, it’s always good to verify this when making your payment.
What payment methods does Tower Loan accept?
Tower Loan generally accepts:
- Debit cards
- ACH transfers from checking accounts
- Money orders
- Personal checks
- Cash (in-branch only)
Can someone else make a payment on my behalf?
Yes, someone else can make a payment on your Tower Loan account if they have your account information. This can be helpful if you’re temporarily unable to make the payment yourself.
Tower Loan’s Commitment to Customer Service
Tower Loan prides itself on providing excellent customer service. Their motto of “Simple. Quick. Convenient” extends to their bill payment options as well. With over 240 locations and multiple payment channels, they’ve made it easy for customers to manage their loans.
As their website states, “Our reputation speaks for itself.” Tower Loan has built a strong reputation by focusing on customer needs and providing flexible solutions.
Final Thoughts on Tower Loan Bill Pay
Managing your Tower Loan payments doesn’t have to be complicated. Whether you prefer the convenience of online or mobile payments, the familiarity of paying by phone, or the personal touch of visiting a branch, Tower Loan offers options to suit everyone’s preferences.
We recommend setting up automatic payments if possible, as this eliminates the risk of forgotten payments and late fees. However, whatever method you choose, the important thing is to stay consistent with your payments to maintain good credit and financial health.
Tower Loan has been helping customers with their financial needs for years, and their payment systems are designed with the customer in mind. So next time your Tower Loan bill is due, remember all the convenient options available to you!
Remember, if you have any specific questions about your Tower Loan bill or payment options, their customer service team is just a phone call away and ready to help.
Have you tried Tower Loan’s new mobile app for bill payments yet? We’d love to hear about your experience!
Web Payment Center
Enroll to set up Recurring Payments monthly. Not ready to enroll, but still want to make a payment online? Just make a Guest Payment.
Enjoy secure online access to your accounts from anywhere, anytime. Make payments by transferring money from your checking or savings account to your loan. Set up a one-time transfer or schedule monthly transfers.
To pay your Tower Mastercard® credit card in Digital Banking, you have two options. You can make a payment by transferring money to your Mastercard account, or you can select Mastercard to view your account and go to Payments. Follow instructions for payments.
- Pay using our Digital Service options
- By Mail Send a payment to: Tower Federal Credit Union, P.O. Box 123, Annapolis Junction, MD 20701-0123.
- Visit any Branch
Take care of your payments online, anytime.
Enroll with Web Payment Center to schedule payments monthly.
Not ready to enroll, but still want to make a payment online? Just make a Guest Payment.
Enjoy secure online access to your accounts from anywhere, anytime.
Make easy loan payments on a Tower mortgage, credit card, auto, personal, or home equity loan or line of credit.
