Nationwide Biweekly Administration, Inc Money Transfers Complaint

Domestic (US) money transfer Other service issues

Nationwide Biweekly Administration, Inc Money transfers department,

Domestic (US) money transfer Other service issues Colorado

I took out a mortgage in - 2015 and in - 2015 entered into an agreement with Nationwide Biweekly Administration , Inc. to assist with making bi-weekly mortgage payments to my mortgage holder ( - ) since - did not offer a bi-weekly payment option. Then, on - -, 2015, I received a form email from the President/CEO of Nationwide seeking my help in stopping the CFPB from shutting the company down, included all kinds of religious based statements ( no need for religion in a regulatory dispute ) and bashing the CFPB. Then, I received a letter later that month letting me know that the CFPB had suspended their operations and that I had to re-assume the payment of my mortgage on my own and that they would get back to me when they had cleared their regulatory hurdles and established a new banking relationship. Since that time I have been attempting to cancel my agreement with Nationwide for non-performance of services on their part to be denied ( verbally ) and the escalation hotline puts you on eternal hold to the point that the system eventually hangs up on you. I have since re-established my auto-draft with - and they now have a program where I can make bi-weekly payments to help reduce the 30 year stated term of the loan. Then, today, to add insult to injury, I received an email from Nationwide advertising " advanced features '' to pay off my mortgage. I am bit baffled at how this company can continue to advertise products and services to solicit new clients when it can not fulfill its contractual obligations to the thousands of customers that paid them to provide such service?

Nationwide Biweekly Administration, Inc customer in Colorado
Jan 12, 2016

* Source: CFPB Complaint Database

Nationwide Biweekly Administration, Inc response to complaint:
Closed with explanation

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