NetPay is a proprietary debt payment system that allows
borrowers and mortgage lenders to payoff most any derogatory account
immediately by fax, email or in person at Credit Technologies offices. Credit Technologies is then able to update and
re-issue the new credit report in just a few hours.
Here’s how it works…
A borrower has an account appearing on their credit report that
must be paid prior to closing (or to satisfy FNMA LQI requirements.) Instead of taking the time required to
obtain a money order or certified check and pay overnight fees to send
the payment with the hopes the creditor will verify the account is
paid, the consumer or mortgage lender pays the account in minutes
using NetPay. Credit Technologies issues payment to
the creditor, within a few hours the payment has been sent and the
lender has received an updated copy of the credit report showing the
paid off account.
Save your borrowers
(and yourself) the hassle of running around to get money
orders or certified checks, then paying overnight fees and
waiting for the creditor to report the account paid. NetPay makes paying off creditors fast and easy.
Consumers are no longer at the mercy of difficult to deal
with collection agencies; Credit Technologies handles the
transaction for them.
by FAX using any Visa, MasterCard, Discover or American
Express. You can also
mail, or pay in person using cashiers check or
cash. (Sorry - no personal checks.)
Verifications occur in minutes, and the modest transaction
fee includes updating the credit report.
Some restrictions apply
NetPay is available only to Credit Technologies members in good
standing for payments up to and including $1000. All payoff amounts
including, collections, charge off, tax liens, judgments, installment
loans must be verified by Credit Technologies, Inc. NetPay
is available only for creditors based in the US. Payments
must be for balance in full or confirmed, pre-arranged settlement
amounts - no partial payments are accepted. A separate NetPay
Request Form must be submitted for each creditor being paid. NetPay is
available Monday through Friday from 9:00AM to 5:00PM Eastern Time,
payments received after hours will be processed the following business
NetPay Fees (Includes the cost of updating the credit
To initiate a NetPay request, simply print the
Request Form, then fax the completed and signed request along with a copy
of the bill or invoice to be paid to to 888.445.4922.
For more information on how Credit Technologies NetPay can help
you and your borrowers, call us toll-free at 800.445.4922.