Emma smashed her financial goals and got debt-free faster using Wisr's Booster Payments. By paying just $50 extra a month on her loan, she saved over $1,000 in interest*. Way to go Emma!
Since consolidating my debts with Wisr, my relationship with money has changed so much for the better. I’ve even been able to put extra towards paying off my loan sooner, meaning I’ll pay less in interest.
Before my loan with Wisr, money was always on my mind. And not in a good way. I had a personal loan and high-interest credit card debt, and I was always anxious about repayment deadlines. Having multiple repayment dates with different interest rates made it especially difficult to keep track of. I just felt like there was no chance to breathe, living paycheck-to-paycheck and having no emergency fund.
Consolidating my debts with Wisr has honestly changed my life! Having one repayment with such a reasonable interest rate has really taken a lot of the stress off. Not to mention, I even have extra money left over each month! This is so key because I’ve been able to throw extra towards my debt, which is saving me lots of interest and taking time off of my loan.
With Wisr, I’ve been able to make much smarter decisions. I didn’t know how easy it is to make these extra booster payments, and by paying just an extra $50 a month could save me over $1000 over the life of my loan. But now that I’m able to implement these, there’s definitely more breathing room for other things. I can focus on building up an emergency fund, treating myself to a nice meal every once in a while and I finally have the headspace to imagine a better future for myself.
Financial wellness is a lifelong journey, and Wisr has helped me immensely to really kick start mine. No matter how small, each step is a step closer to being debt-free!
*The example provided is based on a $30,000 loan over 5 years with an interest rate of 13.45% and an establishment fee of $595. The amount saved and the reduced loan term from making additional loan repayments will depend on your existing loan amount, loan term and interest rate. Different terms, fees or other loan amounts might result in a different amount saved.
Disclaimer: This article contains general information only, and is not general advice or personal advice. Wisr Finance does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.