SMART Payment Plan

Naples, Florida United States

Finance / Banking / Insurance

SMART Payment Plan’s smaller automated debits helps people pay off loans faster. Since users of the service make more payments per year compared to those who are on a traditional payment schedule, as a result, they also pay less interest over the years. This means that users have the ability to reduce the amount of time that they need to pay interest on their principal loan amount. Compared to traditional payment plans, which are comprised of 12 payments a year, the SMART Payment Plan equates to a total of 13 payments annually. The additional payment that the biweekly schedule provides can help anyone get out of debt faster and reduce the amount of interest owed.