Austin, Texas - 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, so finding ways to more quickly pay off debt is a major concern,” said David Engelman, CEO. “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 two 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.