Continuous Payment Authority, or CPA, is permission you give Lending Stream when you apply for a loan to collect your payments automatically from the bank account that's linked to your debit card. Most people find it easier and more reliable to set up automatic debit card payments. It can help you avoid missed payments.
You have the right to cancel CPA at any time; however, if you do you'll need to arrange another way to make payments, such as self-service payments through your online Lending Stream account, a standing bank order, or posting a cheque. If you have an open loan with us, please contact us immediately if you cancel CPA and we'll help you arrange another way to make your payments.