So what does that really mean?Let's say you have a $15,000 balance on a credit card with an interest rate of 29.99%. With the credit card, if you make the minimum payments (approximately $427.89) you'll be out of debt in seven years and you'll pay a total of $35,942 over that seven year period. If you lower your interest rate with Equify to 8%...you will pay down your balance in 3.4 years at a payment of $422 per month. Over the life of the loan you'll only pay $17,180. That's a savings of $18,763!
So the question becomes, what do you have to do to keep the money you earn rather than slowly bleed it out to the credit card companies? The answer is, not much. You simply get a loan through Equify. Rates quoted are based on the rates charged by our our lending partners. If you collect endorsements, Equify offers additional rebates that help you save even more.
In the end, what really matters is that extra money in your pocket.