Repay your Line of Credit automatically each month using AutoPay. You can also make payments manually in the app, or mail in a check.
To turn on AutoPay, tap on the Line of Credit tile on your homepage and toggle the AutoPay button On.
If you leave AutoPay off, you’ll need to make payments manually each month by tapping on your Line of Credit tile and selecting Make a payment.
You can make a partial payment or pay off your Line of Credit early at any time by completing a manual payment. Tap on your Line of Credit tile and select Make a payment. We will not charge you any early payoff fees, however paying early does not reduce the original agreed upon fee and only reduces the payments at the end of your repayment schedule.
We'll report your payment history to the three major credit bureaus and provide credit monitoring directly in your Varo app if you’ve opted in.
To review our Terms and Disclosures, please revisit the Varo Line of Credit Account Agreement, which can be found on our Privacy and Legal web page.
Find the Privacy and Legal page here: https://www.varomoney.com/privacy-legal/.