Tip of the Month: Setting Up Your Debt Wise Plan

Debt Wise is a unique product that accesses the information in your Equifax Credit Report. This means much of the information you need for your Fast Pay Plan will be input for you without you lifting a finger. Adding any remaining information and customizing your plan can take as little as ten minutes, getting you on track quickly and easily. There are a few things to know that will help you set up your plan as accurately as possible.

When you review your plan, there may be debts you don't recognize. These may be debts you're familiar with under different names used for credit reporting. Try to match up your balances or account numbers to determine which debt it is. If you still can't determine which of your loans it is, call the lender. It's important to know that each of your debts is accounted for and to check their accuracy.

Additionally, if there are any debts — such as personal debts — that do not show up on your Equifax Credit Report, you can add these to your Fast Pay Plan as well. Your Fast Pay Plan Wizard will guide you through the steps to do so, and you'll need to manually update those accounts monthly.

Want to know what's being reported about you? Log into the Member Center to check your most recent credit report — or even obtain a new one!