Enrolling in automatic payments can lower your interest rate, depending your lender. While it may only be small amount, that fraction of a percentage point can really add up over time. For example, Sallie Mae offers a 0.25 percentage point reduction of a loan’s interest if you qualify for auto-debit. But even if you won’t get a break, automating your payment can eliminate the possibility of late fees and missed payments, which only add to the debt pile.
Showing posts with label Enrolling in automatic payments can lower your interest rate. Show all posts
Showing posts with label Enrolling in automatic payments can lower your interest rate. Show all posts
Saturday, December 21, 2019
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