The quickest and easiest way to make payments is through the M1 app or website. To do this, you’ll need to accept the updated ACH Authorization Agreement if you haven’t already. You can find the agreement in the M1 Borrow tab, where the following pop-up message will appear prompting you to review and accept:

The screenshots below show how to make a one-time payment. One-time payments made on your due date must be submitted by 11:59 p.m. CT to be considered on time. Payments submitted after 11:59 p.m. CT will be credited the next business day.

Navigate to the M1 Borrow Tab and select Credit Card:

Select Make Payment:

Enter your One-Time Payment details and select Review:

Confirm your One-Time Payment details:

Setting up autopay is the best way to ensure on-time payments and avoid missed due dates, which can impact your credit score.

If you previously had autopay and opted into the ACH Agreement before your account was migrated, your autopay settings will carry over automatically to the new product.

If you did not opt into the ACH Agreement before migration, your autopay was canceled, and you’ll need to set it up again.

The screenshots below show how to view and update your current autopay settings.

4. Toggle AutoPay to ON

While anyone may choose to pay by check, those who have not opted into the ACH Agreement must do so to stay current on their payments. Checks must be received at least one day before your due date to be considered on time, as they are only picked up once daily between 10:30 a.m. and noon CT.

Mail Checks to the Address Below:

B2 Bank National Association
PO BOX 706
Buhl, MN 55713

Make Checks Payable To:

M1 Credit Receivables

Note: The memo line should include the following:

Example: Loan ID is 2c-032b-4c62-af1f-b94ef3ef081c

Important: We cannot accept check payments sent to the M1 Chicago address.

You may prepay your M1 Personal Loan in full or in part at any time without penalty. Any partial prepayment will not excuse any later scheduled payments until you pay in full.

If you make a payment before your monthly scheduled due date and your payment is for more than the amount due, your payment will be applied first to the current amount due and the extra amount, over and above the current due amount, will be applied to principal.

For example:

If you make a payment on your monthly scheduled due date and the payment is for more than the amount due, your payment will be applied first to the current amount due and the extra amount, over the current due amount, will be applied to the next scheduled payment. If the payment is made in an amount that covers the current amount due as well as the next scheduled payment, any additional amount over that will be applied to principal only.

For example:

We understand that circumstances can change, and we will do our best to help you get on track, but failure to meet your credit card obligations can negatively impact your credit report thus impacting your credit score. We encourage you to contact us to see what your available options are.

Making late payments can impact your credit score. Payments that are 30 days or more past due may be reported to credit agencies. At M1 we encourage financial stability and good financial habits.

Credit Card not available for US Territory Residents. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank. Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1.

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