Author Topic: Paymap Equity Accelerator Program  (Read 2132 times)

dcozad999

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Paymap Equity Accelerator Program
« on: June 12, 2017, 11:45:05 AM »
Anybody have any recent experience with this?

We recently purchased a house and the only way to make bimonthly payments is through this service.  When I googled the program I got a horror story of links about how they weren't applying the biweekly payments.

https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-mortgage-payment-company-and-servicer-for-deceptive-ads/


That was 2 years ago. I'm wondering if they have cleaned up their act and if anyone is currently using the program.  Because when I go into their actual website, you have to register to see anything.

MDM

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Re: Paymap Equity Accelerator Program
« Reply #1 on: June 12, 2017, 01:46:33 PM »
No idea about that company specifically, but a general aversion to products and services with cutesy names such as "equity accelerator".

kpd905

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Re: Paymap Equity Accelerator Program
« Reply #2 on: June 12, 2017, 08:20:41 PM »
Can you just set automatic larger payments instead?  It sounds like this company charges a fee to set up these biweekly payments when you could just send extra payments on your own for free.
« Last Edit: June 12, 2017, 08:30:11 PM by kpd905 »

smallstache

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Re: Paymap Equity Accelerator Program
« Reply #3 on: June 12, 2017, 08:27:54 PM »
The CFPB's Civil Penalty Fund is nothing more than a government shakedown.  Big Government has to get its cut.