Shoppers Help Center

Bread Loan cancellations can only be completed before 11:59pm EST on the day that your Bread loan was initiated. You will not be eligible to cancel your Bread loan after that time, because Bread Financial immediately disburses funds to pay off your credit accounts, making a cancellation no longer possible.

If your Bread loan is eligible for cancellation, you can cancel it via our online Member Portal using the following steps:
– Visit member-portal.breadpayments.com/login
– Enter the email address and mobile phone number associated with your account. We will then text you a 4-digit verification code to complete the login process.
– Enter the verification code in the field provided to log into the Bread Financial Member Portal.
-Scroll to the bottom of your Bread loan details, and locate the grey text that reads, “Need to cancel your loan? Click here to cancel.”
-Click on the link, and follow the cancellation prompts

Your first payment is due one month after all of your approved debt consolidation transfers are complete. We’ll send you a message via email once your loan starts that includes your monthly payment date and monthly payment amount.

You can make payments on a Bread Loan (credit card debt consolidation) via ACH electronic transfer from your bank account or a personal debit card. You cannot make payments on a Bread Loan (credit card debt consolidation) with a credit card, business debit card, Bill Pay, or by check.

The Annual Percentage Rate or APR is the cost of credit as a yearly rate. You may have been offered an APR that ranges from 5.99% to 16.99%, depending on your individual creditworthiness. Your APR was given to you in the Truth In Lending Disclosure when you accepted your Bread Loan terms. You can also view your Bread Loan’s APR on the Bread Financial Member Portal in the “Payment Plans” area.

APRs are based on your credit score and term length of the loan.

At this time we are unable to change the terms of your loan with Bread Financial™ that you previously agreed to.

You should continue to make payments on any credit card accounts you are consolidating until the accounts show they have been paid, as this may take several days. You may have a remaining balance if your credit card issuer assessed interest or additional purchases were made that were not included when you applied for your Bread Loan.

Review your credit card balance with your existing credit card issuer. The proceeds from your Bread Loan will appear as a payment on your existing credit card. You should continue to make payments on any credit card accounts you are consolidating until the accounts show they have been paid. It may take several days for the payment to process to your credit card. You may have a remaining balance if your credit card issuer assessed interest or additional purchases were made that were not included when you applied for your Bread Loan.

You may also log into the Bread Financial Member Portal to check on the status of your transfers.