• Report: #854251

Complaint Review: NBA national biweekly administration

  • Submitted: Thu, March 15, 2012
  • Updated: Thu, March 15, 2012

  • Reported By: mike — suwanee Georgia United States of America
NBA national biweekly administration
855 Lower Bellbrook Rd Xenia, Ohio United States of America

NBA national biweekly administration Nationwide Biweekly Administration, Inc. RIPPING you off with high fees and deceptive practices Xenia, Ohio

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After about a year of using this company and paying an up front fee of several hundred dollars I have found out the hard way that they DO NOT pay the bank biweekly as IMPLIED.  they pay themselves my money every two week, earn interest on this amount for themselves. then  charge me a fee every time they withdraw MY money.  Then pay the bank ONCE a month.  Their way of lowering the principal is easy to figure out after some research.   two months of the year have an extra biweekly payment which they withdraw is collected and kept , therefore in effect ONE extra payment goes to your bank every year to pay off the principle sooner.

SAVE YOUR MONEY.... YOU CAN DO THIS YOURSELF AND SAVE OVER $100 ON THEIR BIWEEKLY WITHDRAWAL FEES BY MAKING THIS ONE PAYMENT YOURSELF...   good luck receiving any refund on this sign up fee since it is nonrefundable........    Call your mortgage company FIRST... they may offer something similar with no sign up fee  and no fees....   I should have done my research first. 


This report was posted on Ripoff Report on 03/15/2012 10:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/NBA-national-biweekly-administration/Xenia-Ohio-45385/NBA-national-biweekly-administration-Nationwide-Biweekly-Administration-Inc-RIPPING-you-854251. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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