Yes. A 20% down payment is due when the Take 5 plan is accepted. Borrowers will be prompted to enter a valid credit or debit card number for the down payment, enabling auto-pay for the remaining four payments.
Payments for Take 5 plans are made on a bi-weekly payment schedule.
The Take 5 plan is the only plan that requires a down payment.
Want to apply for a Scratchpay plan? Click HERE