We have been conditioned to make our debt payments on a monthly basis. But there is a better way…a much more convenient way which also speeds up the pay-off process.
Making half the monthly payment every two weeks generates 26 half payments for a total of 13 payments each year. Approximately every six months, PriorityPay forwards the "extra" funds to the lender to be applied against the principal portion of the debt. For autos, this satisfies the loan months earlier, reducing wear and tear and mileage and accelerating equity in the vehicle.
And we do it all the heavy lifting! Client funds are electronically drafted from their designated bank accounts. They can choose to do this Biweekly, Weekly, Monthly or Twice-Monthly and usually decide based on matching their pay days. Payments are sent to their lenders in a timely manner, which eliminates late fees and can help to improve poor credit standing.
Adding other debt to PriorityPay will significantly reduce total debt, eliminating years and drastically reducing interest paid. No more writing checks or going to numerous websites to pay bills. No more stress. PriorityPay takes care of it all!