Payments are applied in the first week of every month. We’ll even send you an email that you’ll forward to your loan service provider with instructions on how to apply Spared payments. If you don’t do this, your payments will be applied to whatever loan balance you’re currently paying off, but they’ll likely be paid toward next month’s interest. You don’t want that. You want to attack the principal. By attacking the principal of your loan, we maximize the impact of every penny and crush your debt faster together. Sending the email ensures that your Spared payments will be correctly applied.