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Updated over 6 years ago on . Most recent reply

Hard Money Lender - Automatic Payments?
I am doing some Hard Money Lending. I have one borrower who can't seem to get it together enough to put a check in the mail each month. My question: Is there a service that I can engage that will automatically deduct funds from his account and deposit to mine. Sending a paper check to my address would also be acceptable.
I do know that he could go online and set this up himself with his bank. I am assuming he is not capable. But if I put a form under his nose, he should be able to pen his signature. I have checked with his bank and they do not offer this except online.
Thanks for any pointers to such a service.