When you disburse funds directly to your creditors, we will send the amounts you specify. However, please note:
Important information about disbursements:
(i) disburse that portion of the Amount Financed to any account that you provided to us for disbursement purposes or
(ii) reduce the Amount Financed by the amount that we are unable to disburse to you and recalculate your payments over the loan term selected during the application process. If we reduce the Amount Financed we will notify you and provide you with revised Federal Truth in Lending Disclosures.
For example, if you take out a 48 month loan for $16,000 and you direct us to disburse $5,000 to a credit card and $11,000 to a bank account and we are unable to disburse the $5,000 to the credit card, we may either (i) disburse the $5,000 to the bank account or (ii) reduce your loan amount to $11,000 and recalculate the monthly payment amount of the $11,000 loan over 48 months.