Patent ID: 7958053

Claim:
A method, operable with one or more processors to control the one or more processors to implement a process of providing credit, comprising: providing an extension of credit application content with which an applicant may submit a request for credit, the extension of credit application comprising a plurality of repayment options, wherein at least one of the plurality of repayment options comprises at least a recurring withdrawal executed by electronic funds transfer and at least another of the plurality of repayment options comprises a recurring withdrawal executed by a remotely created paper negotiable instrument; verifying an authorization to execute recurring withdrawals from a deposit account is received in conjunction with a completed extension of credit application; extending a firm offer of credit contingent upon the verifying the authorization to execute recurring withdrawals from the deposit account is received, wherein the authorization comprises a selection from the plurality of repayment options, further comprising the steps of offering the withdrawal executed by electronic funds transfer at a first price and offering the withdrawal executed by the remotely created paper negotiable instrument at a second price, wherein the first price is less than the second price.