SMART Payment Plan Helping Customers During COVID-19
SMART Payment Plan has responded to a new government program that allows customers with school loan payments to skip payments for 2 months.
SMART Payment Plan has responded to a new government program that allows customers with school loan payments to skip payments for 2 months.
AUSTIN, Texas – SMART Payment Plan has responded to a new government program that allows customers with school loan payments to skip payments for 2 months.
“We have already reached out to our many customers who have added school loan payments to see if they want to take advantage of the ability to skip their next 2 months of payments,” said CEO David Engelman. “We continue to monitor developments regarding automotive and mortgage payments. If the government or banks implement programs to defer payments on any loans, we will immediately begin helping our customers to take advantage of the programs,” Engelman added.
“We have also added features to our in-dealership software for Finance Managers to easily select 90 or 120 days to first payment for ease of enrolling customers in lenders new programs,” Engelman concluded.
Originally posted on Auto Dealer Today
More Auto Finance
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →
Auto Credit More Plentiful
Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
Read More →
Auto Loans Long as Stretch Limos
More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.
Read More →