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Paymap Equity Accelerator Program
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Topic: Paymap Equity Accelerator Program (Read 4625 times)
NextTime
Pencil Stache
Posts: 857
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.
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MDM
Senior Mustachian
Posts: 11493
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".
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kpd905
Handlebar Stache
Posts: 2029
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
»
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smallstache
Stubble
Posts: 144
Re: Paymap Equity Accelerator Program
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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.
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Paymap Equity Accelerator Program