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Nationwide Biweekly Administration Is Committed to BBB’s Standards of Trust
Nationwide Biweekly Administration announced its recent Accreditation by your Better Business Bureau of Dayton/Miami Valley, Inc. As a BBB Accredited Business, Nationwide Biweekly Administration is dedicated to promoting trust in the marketplace. Its Accreditation will help people understand who the organization is and the core values it believes in. You can check out Nationwide Biweekly Administration’s BBB reliability report by visiting www.bbb.org or calling (937) 222-5825 or (800) 776-5301.
John North, BBB president and CEO, says, “BBB Accreditation is an honor. It’s voluntary and Accredited Businesses must meet and maintain your BBB’s Standards of Trust, a comprehensive set of policies, procedures and best practices representing trustworthiness in the marketplace. The standards call for building trust, embodying integrity, advertising honestly and telling the truth, being transparent, honoring promises, being responsive and safeguarding privacy.”
He continues, “Businesses that meet your BBB’s high standards are invited to apply for Accreditation. Applicants undergo a review process and ultimate approval by your BBB’s Board of Directors. According to Princeton Research, seven in ten consumers say they are more likely to buy from a company designated as a BBB Accredited Business.”
“We are proud to have met your BBB’s high standards and we’re excited to be part of an organization that exists so consumers and businesses alike have an unbiased source to guide them on matters of trust,” said Daniel Lipsky “We value building trust with our customers and our Accreditation gives our customers confidence in our commitment to maintaining high ethical standards of conduct.”
Daniel Lipsky continues, “Our Accreditation signifies our commitment to customer service, reliability and trust. For any organization to excel in today’s environment, it’s critical it be fully committed to excellence. Our acknowledgement by your BBB aligns with and supports our efforts of providing superior service in the marketplace.”
About Nationwide Biweekly Administration
Nationwide Biweekly Administration is one of the nation’s largest and most recognized administrators for biweekly programs. Through their Interest Minimizer Program, NBA processes billions of dollars worth of mortgage payments for hundreds of thousands of customers. All payments are securely processed through the Federal ACH Banking System with their banking partners.
About Your BBB Serving Dayton and the Miami Valley
Your BBB, the leader in advancing marketplace trust, is an unbiased nonprofit organization that sets and upholds high standards for fair and honest business behavior. Businesses that earn BBB Accreditation contractually agree and adhere to the organization’s high standards of ethical business behavior. Your BBB provides objective advice, free business BBB Reliability Reports™ and charity BBB Wise Giving Reports™, and educational information on topics affecting marketplace trust. To further promote trust, your BBB also offers complaint and dispute resolution support for consumers and businesses when there is difference in viewpoints. The first BBB was founded in 1912. Today, 125 BBBs serve communities across the U.S. and Canada, evaluating and monitoring more than four million local and national businesses and charities. Please visit www.bbb.org for more information about your BBB.
100 customers were contacted who cancelled the Biweekly Program stating that they were going to just pay extra on their own each month:
Results: After 1 year 81% Failed
After 3 years 99% Failed
Customers on Biweekly Program 0% Failed
What the average customer LOST when they cancelled the biweekly program:
LOST Interest Savings : $55,492
LOST Payment Savings : 6.4 years
Interfaith Hospitality Network of Greene County, Ohio is a non-profit organization that shelters and helps families get back on the right path of maintaining their livelihood. Interfaith Hospitality Network helps in the development of network operations. The mission is to be united with the community in Greene County, showing unconditional love and compassion along with setting a good example for the rest of us, by establishing a program to help fill the needs of the community.
Nationwide Biweekly Administration donated a sizable financial contribution to the Schneider House of Hope, a part of the Interfaith Hospitality Network, letting people know they are not alone when it comes to getting our community back on standing grounds. When the owner of Nationwide Biweekly Administration, Daniel Lipsky, was asked why he choose to donate to this particular cause, he stated, “I believe in the Schneider House of Hope because of how they truly help, in many different ways, families in need who are going through very difficult financial times. They represent the hands and feet of a caring community assisting our fellow-man in the time of need.” Not only does Nationwide Biweekly Administration help with eliminating interest charges on your mortgage or any other loans by offering biweekly repayment plans, they also have heart and desire to help fill the needs of the community.
Today’s post is an explanation of articles you may have seen or run into when you do a search on Nationwide Biweekly Administration. It is amazing how a hand full of people, who have not fully researched a company, can post a blog on the internet and misrepresent them. I find these articles to be as believable as the national enquire and have very little solid information to back them up. With this said I have “legit” research to back up everything that has been said (see below) and to prove that Nationwide Biweekly Administration is NOT A SCAM.
First point I want to go over is the way NBA may market to potential customers. Some of you may have received a letter with the name of your lender on top that explains how NBA can save you money on your mortgage with their interest minimizer program. This letter is not intended to “trick you”. The reason why your lender is on the top of the page simply shows you that NBA administers the program to your lender as well as over 5,000 other lenders. If you so choose to call you will be connected to their customer service departments which can run a savings analysis report on your mortgage or any other type of loan you are trying to pay off early.
The second point I want to make is the trust issue with NBA. If there is any biweekly program company that you can trust with making sure your payment is applied properly and on time, it has to be NBA. Why do I say that? Well first they are one of the nation’s largest and most recognized independent processors. They are fully licensed, bonded, and registered with FinCEN – the Financial Crimes Enforcement Network – as a Money Services Business. On top of that they are also listed with Dunn & Bradstreet and the Better Business Bureau. But what I really find interesting is they are the only biweekly company that has been independently audited by the C.P.A. Firm of Flagel, Huber, Flagel, & Company. As you can see in this video they earned a Gold Seal of Approval documenting that their savings estimates are accurate, funds are protected by FDIC Insured Banks, client’s funds are being remitted to lenders accurately and timely, and their program operates as indicated in contracts. To top off any more trust issues you may have, their corporate office is located in the State of Ohio and is audited annually by the State to ensure strict compliance to all State and Federal Regulations. All payments are securely processed through the Federal ACH Banking System, and enjoy protection under Regulation “E” of the Federal Reserve. Under Regulation “E,” funds debited from your account are protected against fraud or loss for a period of 60 days from the drafting date. You are completely protected & have nothing to worry about with NBA.
My last point that will be covered pertains to the articles on how biweekly programs are nothing but a scam or something that you shouldn’t need to pay someone to do because you can do it yourself. For the sake of these articles I am going to sum it up for you and assure you that biweekly programs are NOT a scam. You see, in a perfect little world we would do everything ourselves. In the morning we could jump right of bed into our workout clothes and hit the weights for 30 minutes. Then we could hurry up and cut the grass before heading into work. During lunch we could rush home and change our oil. Then once the work day is finished we could clean the pool out and maybe even give the dog a bath and a quick trim. Sounds ridiculous doesn’t it? It’s a good thing that we have people that can actually help provide us with convenience, discipline, and structure so we can stay on track and not have to do everything on our own. This is how I see what a biweekly program can do. Of course this is something that every one of us can do. How simple can it be to make an extra payment a year? Well I guess not that simple since less than 1% of Americans prepay their mortgages every year. Lets be honest, if anyone of us had extra money that equaled our mortgage payment I doubt that making an extra payment towards it would be the first thing on your list. So if you think that Nationwide Biweekly Administration is a scam then so is your personal trainer, lawn cutting service, guy that changes your oil, pool boy, and dog groomer. These are all helpful services that are provided for those who want them. If you would like to talk about scams go ahead and check how much interest you will be paying your bank once you pay off your loan. I guarantee you will be giving them thousands of dollars more then you would ever give a company that provides a biweekly program.
I hope this sums up some of the articles you may have read and would love to see some POSITIVE comments on how using a biweekly program has help you out.