SMART Payment Plan, LLC

This is a ridiculous middleman businessThe supposed advantage is that you will save money on the life of your loan by making payments every weeks, which only means you are making extra 1/payments, full extra payment a yearIn addition to paying more payments a year so the bank gains their repayment sooner, not really an advantage to the consumer, especially if they are already on a fixed income but they charge $for a "lifetime enrollment fee", like anyone will ever use them more than oncePlus there is the $per month debit fee, $over the life of a year loan and a $cancellation fee if you chose to refinance to a lower interest to save money, what isn't that what they supposedly were doing for you? So is there really any savings? Not only that but they are in no way affiliated with your bank so when they loan is paid off early, Smart payment plan continues to deduct the payments and doesn't reimburse the monthly debit feeWhat a ridiculous business, we have informed our auto dealer what we think since they signed us up for it and plan to inform all our friends and relatives about this because it is so very close to being a flat out scam as they can getGet a real job Smart payment plan

I'm not in a financial position where how and when my bills are paid is of no consequence Some months it's easier to come up with the payment(s) on time than othersMost home/auto loan companies do not offer the option of semi-monthly payments, which are far easier to budget, when that's consistent with your income schedule It all boils down to whether or not you're comfortable with paying $extra per debit for their service Most people don't bat an eye at paying twice that any time they withdraw money from an ATM, so it seems a reasonable fee for the service they provide Plus it's an easy way for those of us who wouldn't consider ourselves wealthy to make an extra payment each year I will use Smart Payment Plan again

Revdex.com: I have reviewed the response made by the business in reference to complaint ID [redacted] , and find that this resolution is satisfactory to me Regards, [redacted]

Revdex.com Representative, Please see attached response to client *** ***. I spoke with Ms*** today to resolve the matter and informed her we would refund her $membership fee and $in debit fees. Ms*** was satisfied with the resolution of the matter. If you have
any questions, please let me know. Thank you,*** ***

Revdex.com Representative, Please see attached correspondence. Thank you,*** ***

This is a ridiculous middleman business. The supposed advantage is that you will save money on the life of your loan by making payments every 2 weeks, which only means you are making 2 extra 1/2 payments, 1 full extra payment a year. In addition to paying more payments a year so the bank gains their repayment sooner, not really an advantage to the consumer, especially if they are already on a fixed income but they charge $399 for a "lifetime enrollment fee", like anyone will ever use them more than once. Plus there is the $1.95 per month debit fee, $163.80 over the life of a 7 year loan and a $25 cancellation fee if you chose to refinance to a lower interest to save money, what isn't that what they supposedly were doing for you? So is there really any savings? Not only that but they are in no way affiliated with your bank so when they loan is paid off early, Smart payment plan continues to deduct the payments and doesn't reimburse the monthly debit fee. What a ridiculous business, we have informed our auto dealer what we think since they signed us up for it and plan to inform all our friends and relatives about this because it is so very close to being a flat out scam as they can get. Get a real job Smart payment plan.

I'm not in a financial position where how and when my bills are paid is of no consequence. Some months it's easier to come up with the payment(s) on time than others. Most home/auto loan companies do not offer the option of semi-monthly payments, which are far easier to budget, when that's consistent with your income schedule.

It all boils down to whether or not you're comfortable with paying $2 extra per debit for their service. Most people don't bat an eye at paying twice that any time they withdraw money from an ATM, so it seems a reasonable fee for the service they provide. Plus it's an easy way for those of us who wouldn't consider ourselves wealthy to make an extra payment each year.

I will use Smart Payment Plan again.

Revdex.com:
I have reviewed the response made by the business in reference to complaint ID [redacted], and find that this resolution is satisfactory to me.
Regards,
[redacted]