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Updated over 6 years ago on . Most recent reply

User Stats

92
Posts
57
Votes
Dan Rudolph
  • Investor
  • Corvallis, OR
57
Votes |
92
Posts

Hard Money Lender - Automatic Payments?

Dan Rudolph
  • Investor
  • Corvallis, OR
Posted

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.

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