- Report: #968990
Report - Rebuttal - Arbitrate
Complaint Review: Nationwide BiWeekly Administration, Inc.
Nationwide BiWeekly Administration, Inc.855 Lower Bellbrook Rd Xenia, Ohio United States of America
Nationwide BiWeekly Administration, Inc. Beware: This is a total scam. The Ohio Attorney General, Mike DeWine, should shut this company down. Xenia, Ohio
*Author of original report: Complaint Satisfied by Company
*REBUTTAL Individual responds: Pictures of first letter and contract
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I looked it over quickly and signed it. After I signed it and hung up the phone, I tried to retrieve it to print it out and read it more carefully but the document was no longer accessible. The next business day I called Nationwide and asked that they mail the contract to me for my records. The contract was not mailed until seven business days later. I inquired several times where it was during that period and was told it would be mailed. When I received the contract I saw that the contract could be cancelled within seven business days without incurring the fee which explains why they took so long to mail the contract.
Additionally, one clause in the contract made mention of a non-refundable setup fee equivalent to one bi-weekly withdrawal. There was no actual dollar amount stated and apparently no full disclosure statement required. The service would amount to an extra mortgage payment per year but not the first year since the fee is the first withdrawal made. The extra payment amount is made every six months not upon withdrawal. This is not specified in the contract. This is a total scam and I am very surprised that the Ohio Attorney General, Mike DeWine, has not protected the people of Ohio or the country from this company and its unethical tactics.
This report was posted on Ripoff Report on 11/14/2012 09:14 AM and is a permanent record located here: http://www.ripoffreport.com/r/Nationwide-BiWeekly-Administration-Inc/Xenia-Ohio-45385/Nationwide-BiWeekly-Administration-Inc-Beware-This-is-a-total-scam-The-Ohio-Attorne-968990. 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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