What happens If I miss a line of credit payment?

If you’re having cash flow issues and are unable to make repayments, please contact our Resolutions Team directly at (650) 252-2255.

I’m on a weekly repayment plan

If you’re on our weekly repayment plan and miss a repayment on your Bluevine Line of Credit, your account will be placed on hold. 

To return your account to good standing, you must make a catch-up payment—then we’ll review your account.. A catch-up payment consists of two weeks of repayments, a late fee of 5% of the missed repayment (minimum of $35), and any interest or other fees your credit line has accrued. 

I’m on a monthly repayment plan

If you’re on our monthly repayment plan and miss a repayment on your Bluevine Line of Credit, we’ll initiate the repayment again the following week. This reissued repayment will be higher, because it includes the interest of your next month’s repayment plus any fees you may accrue. (You will not have to pay this interest again.) If you miss the reissued repayment, your account will be placed on hold. 

To return your account to good standing, you must make a catch-up payment—then we’ll review your account. A catch-up payment consists of that month’s repayment, a late fee of 5% of the missed repayment (minimum of $35), interest for both the missed repayment and next month's repayment, and any other fees your credit line has accrued. 

How do I make a catch-up payment?

1. Sign in to your Bluevine dashboard
2. Navigate to Line of Credit on the left-hand side
3. Select which draw you would like to make a catch-up payment on
4. Click Make Payment
   
5. Select Catch-Up and click Submit