Website: autopayplus.com
Category: finance-insurance
City: Orlando
Country: US
Founded: 2011
Employees: 51-100
**What is AutoPayPlus?** AutoPayPlus is a financial services company founded in 2003 and headquartered in Orlando, Florida. It employs around 68 people and specializes in automated loan payment solutions. Its service is aimed at borrowers who want to better manage their loan repayments and potentially reduce interest costs by paying more frequently or larger amounts. AutoPayPlus targets consumers looking to proactively control their personal finances. **How does it work?** AutoPayPlus operates by automating the loan payment process, allowing customers to commit to accelerated payment schedules without the hassle of manual transactions. The service integrates with customers' loan accounts to schedule payments more frequently than traditional monthly plans. This helps users stay on track with their budgets while making extra payments toward their principal balance. This automation simplifies financial discipline for consumers seeking faster loan payoff. **Products and services** AutoPayPlus primarily provides automated payment services for various types of loans, including mortgages, auto loans, and personal loans. The platform enables users to customize payment timing and frequency to accelerate loan repayment. It does not offer loans itself but acts as a service layer between borrowers and their loan holders. The technology focuses on payment scheduling and execution as its core offering, working directly with lenders or loan servicers to ensure payment accuracy and timeliness.
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A lot of users have reported being signed up for AutoPayPlus without their knowledge and then facing unauthorized charges. It's definitely a concern, and many recommend keeping an eye on your bank statements closely.
Some believe AutoPayPlus is a complete scam, mainly due to complaints of unexpected fees and being signed up without permission. If you're considering using it, you might want to think twice and look into other options.
If you decide to stop using AutoPayPlus, you could be responsible for making payments directly to your lender. But some people worried that they might still be billed by AutoPayPlus, so keep an eye on your accounts.
Many users have mentioned getting daily texts from AutoPayPlus, often from different numbers. This has raised red flags for a lot of people, making them feel that it might not be a legitimate service.
It's definitely possible to block AutoPayPlus if you feel you were signed up without consent. Many users suggest contacting your bank or lender to prevent any future unauthorized transactions.
Some users have reported unexpected fees associated with AutoPayPlus, which can be frustrating. If you're looking into their service, it's worth asking about any potential costs upfront to avoid surprises.