Online bank aims to ‘crush’ student loan debt

by community.nasdaq.com

Loans

Loans (Photo credit: jferzoco)

Saying it will help “crush” student loan debt, a new online bank is offering a different type of rewards program. The SmarterBank checking account is being marketed to those with student loan debt, promising “SmarterBucks” that can be automatically applied as extra principal payments to those loans.

While critics contend that encouraging spending as a means to pay down loans is counter-intuitive, SmarterBank says the program represents a sensible way to reduce student loan debt when used properly.

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About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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