SOURCE: Smart Payment Plan

SMART Payment Plan

January 16, 2014 10:00 ET

SMART Payment Plan® Surpasses One Billion Dollars in Consumer Loan Payment Processing

Industry Leading Bill Payment Service Is Helping Americans With Automotive and Home Loans Save More Than $70 Million in Interest and Accelerate Ownership

AUSTIN, TX--(Marketwired - January 16, 2014) - SMART Payment Plan, the financial technology company that since 2003 has helped customers shave years off of mortgages, and months off of student, auto, and credit card loans, today announced a milestone achievement -- it has processed more than one billion dollars in consumer loan payments. 

"On average, Americans owe more than $147,000 on their home, are paying towards a $30,000 auto loan, and carry a balance of more than $15,000 on one or more credit cards[1], so finding ways to more quickly pay off debt is a major concern," said David Engelman, chief executive officer for SMART Payment Plan. "We are proud of the response we've received from customers who look to us for simple, safe, and smart strategies that help them save money and accelerate equity."

SMART Payment Plan helps Americans by simplifying the bill paying process. SMART automatically deducts smaller bill and loan payments from a customer's bank account on a timetable that matches their pay schedule -- whether weekly, every-2-weeks, twice-a-month, or monthly. Smaller, more frequent payments allow customers to pay off debt more quickly and save money by reducing the amount of interest charged over the life of a loan. Customers are relieved of bill paying hassles and benefit from improved cash flow. SMART Payment Plan works with customers to pay down fixed consumer loans, including vehicle and boat loans, home mortgages, educational loans, and credit cards.

Last year, SMART Payment Plan was recognized as the national leader in consumer financial services by Auto Dealer Monthly when they received the 2013 Dealers' Choice Diamond Award in the Bi-weekly Payment Category for excellence in customer support, service and value.

"Our nomination and ultimately being voted to receive the highest honor from Auto Dealer Monthly by dealership personnel is acknowledgement of our commitment to helping dealers sell more vehicles and create happier repeat customers," said Engelman. "As we enter our 11th year, we look forward to working with more people to help put them on a path to financial freedom."

For more information on SMART Payment Plan and how they can help save time and money, budget easier and reduce financial stress, visit

[1] Profile of the Average American: How You Earn, Spend and Save Money Today, September 10, 2013


SMART Payment Plan is a financial technology company that specializes in automated consumer bill payments. We simplify budgeting, improve cash flow and help pay off debt faster by matching smaller bill payments to our customers' weekly, every-2-weeks, twice-a-month or monthly paydays. We provide safe and secure payments to pay down mortgages, credit cards, vehicle, boat, personal and school loans -- and all other fixed monthly bills, including rent, cable, daycare, and cell phone bills. For more information, visit

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