SmartPaymentplan-Programs

About Smart Payment Plan

SMART Payment Plan makes it significantly easier for many consumers to pay their debts on time by offering a biweekly half payment schedule. Most lenders ask their customers to pay their bills once a month. This creates a dangerous situation for many consumers, though, especially those who have monthly mortgage or loan payments that are more than 500 or even 1000 dollars. SMART Payment Plan eliminates this problem with a sensible approach to loan repayment that conforms to the way most consumers think about the money that they have in their bank accounts.

SMART Payment Plan Helps you Stick to a Budget

Most people get paid by their employers every other week. Very few only get payroll checks once a month. Lots of consumers find that it is difficult for them to dedicate money from the first month’s check to make loan payments at the end of the month. They end up spending money from the beginning of the month on other consumer goods, services, and emergencies. When the end of the month rolls around, they might not have enough money to make their loan payments on time. SMART Payment Plan eliminates this problem.

SMART Payment Plan Lets you Pay When you Have Money

SMART Payment Plan recognizes that the problem is not necessarily that you do not have enough money to pay your lenders. You simply do not have enough money at the end of the month. SMART Payment Plan circumvents this problem by allowing customers to pay every other week instead of once a month. You can set up your SMART Payment Plan schedule so that you make half of your loan payment on the same day that you get paid. That way you can pay for your loans when you have money in your account.

SMART Payment Plan Eliminates Late Fees and Penalties

SMART Payment Plan also helps you eliminate late fees and other penalties by taking control of your biweekly half payments. Sometimes consumers simply forget to send in their monthly payments. This can be a costly mistake when lenders pile on late fees and other penalties. SMART Payment Plan uses electronic, automatic withdrawals from your checking account. That means you never have to worry about paying late fees because you sent your check a day late or your check got lost in the mail.

SMART Payment Plan Lowers Your Overall Debt

Some of the advantages of using SMART Payment Plan are pretty obvious. Biweekly half payments that are automatically taken out of your bank account is by far one of the easiest ways to make sure that you pay your loans on time. This method also lowers your overall debt, though, by helping you pay off your full loan sooner that you would on a monthly repayment program. This means you spend less money on interest to your lender. You pay the loan off faster with biweekly half payments because you end up making a total of 13 whole payments each year. That’s one more than you would make with a monthly schedule. This payment will help you save money and get out from underneath the burden of debt faster than traditional payment options.


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