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The Choices Are
-- $31.25
Weekly (payable on
Fridays)
-- $62.50
Every Two Weeks
(payable on Fridays)
-- $125.00
Once per month
(payable on the day
of the month of your
choice (1-28)
The weekly
payment plan pays
off the loan faster
and will save you
thousands of
dollars.
The faster you
pay off the loan,
the more money you
will save. The every
two weeks payment
plan saves you
money, just not as
much as the weekly
payment plan.
For example, a
loan with a weekly
payment of $31.25
will cost $4266.00
and will be paid off
in the year of 2018.
The cost of the loan
with a single
monthly payment of
$125.00 is $5,154.00
and will be paid off
in the year 2019.
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