We know it is a difficult industry to find a payment processor willing to handle Doc Prep accounts. At Payment Automation Network we specialize in payment processing for your industry. Our comprehensive servicing manages all aspects of collecting payments and disbursing funds, eliminating the frustration of payment collections. We collect funds by electronic debit on the payment due dates and we disburse funds to you—Daily.
We Collect Payments
We collect payments directly from your clients bank account and send them to you.
We Handle Trust Accounts
We can help keep you compliant by holding your funds in trust until your work is completed.
We provide you with comprehensive statement of funds collected, amount disbursed to your company, servicing fees & escrow deposits.
24/7 Account Monitoring
24/7 secure access to Payment disbursement statements, payment histories, delinquent reports and projected cash flow reports.
Getting Paid for Student Loan Consolidation Services and Student Loan Doc Prep Services
Payment Automation Network is a payment servicing company that specializes in industries that are not allowed to charge an upfront fee for services. We have several Student Loan Consolidation companies using our integrated escrow payment servicing. We can draft your payment and hold it in our FDIC insured third party escrow account and release your funds after your work is completed.
Most Student Loan Consolidation companies find charging their fee with a few monthly payments, rather than a full fee, will help build trust with your client in addition to ensuring that they are working with someone who is both serious about solving their problem and able to offer affordable payment options.
Of course, you want to collect you’re the payments with as little hassle as possible. The easier you can make it for clients to pay you, the more likely you are to get paid—and get paid faster. With Payment Automation Network payment servicing, you can setup an easy to afford payment schedule and have your fees automatically drafted from your client’s bank account. Our system will also send email reminders before processing payments, ensuring deductions are made on the scheduled due date. Payments will be automatically deducted from your client’s bank account on their payment due date, and you get paid on time.
What is Student Loan Consolidation and Student Loan Document Preparation?
Student Loan Consolidation is a practical repayment tool that combines all your student loans into one master loan. Consolidating student loans will reduce the pressure of multiple payments and usually results in an overall reduction in payments. People often apply for student loan debt consolidation to secure one low monthly payment, a lower or fixed interest rate and avoid wage or tax garnishments. Student Loan Doc Prep companies prepare the documents needed for filing with the Department of Education.
Student Loan Consolidation Services May Include Help With
Consolidating existing federal student loans and reducing payments
Enrolling in qualified forgiveness programs
Providing options for federal student loan repayment plans
Lowering student loan payments based on income
Lowering student loan interest rate
Deferring student loan payments
Stop wage or tax garnishments through approved Rehabilitation programs
Putting loan payments back on track
Forgiving Student Loan Debt if qualified
Our underwriting process is quick an easy. We will work with you to gather the necessary documents and information for each account in a quick and efficient way to avoid any data entry delays. To get started, please will out the form below: