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Equity Accelerator is the program that provides mortgage holders with the possibility to pay off their mortgages much earlier due to its secure automatic payments. This unique electronic savings plan... makes people able to schedule their mortgage loan withdrawals conveniently around their pay cycles and plan their budgets more effectively. Clients can choose from monthly, semi-monthly, biweekly or weekly withdrawals that can be adopted to fit their specific financial needs. Over 450,000 people have already used this system successfully. The earlier you pay off your mortgage Ã¢â‚¬" the more you save on interest. Equity Accelerator promises that your average savings can reach up to $33,000. Show more
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Buyer beware of Equity Accelerator!!! We too are very upset and disgusted with Equity Accelerator. We opened an account with them in May, 2013. There was no problem with the June and July payment. However...HERE WE GO! They had no trouble deducting 2 bi-weekly payments from our bank account, but when August 16th rolled around, our mortgage company called to say they never received our payment!...
On August 14th and 15th, this company took money out of my bank account without my authorization. They took over $1,500. This caused over draft in my account. They never contacted me to tell me there was a problem, and now to reimburse all of the money i need to wait over a week. They have horrible customer service, they hung up on me over 3 times! I talked to Zuelen at 10:57am and she hung up on...
Here were are again May 27th and still I have had nothing done by Equity Accelerator they took my MONEY $2309.70, they are also using Western Union Checks to cover themselves. They SAY they sent my May mortgage payment to my mortgage company; however, it was never received by the mortage company, but it was cashed! Equity Accelerator said that my mortgage company is responsible b/c the check was...
I have been a customer of Equity Accelerator for 10 years. I received a letter from my mortgage company that my May 2013 payment was not received. I contacted Equity Accelerator and they said - the check was mailed on May 3rd, and cashed on May 13th. My mortgage company DID NOT cash the check - their endorsement is NOT on the back of the check (I have a copy of back/front- which took an act of...
I have been an Equity Accelerator customer since 2004. I refinanced my mortgage in 2009 and all went well with the transfer to the new loan. When I refinanced this time, however, Marco of Equity Accelerator gave me incorrect information on May 13th. When I called again on May 20th, I was told that the new loan information could not be updated in time to make the July payments and I would have...
My account was debited only twice (1st and 15th) and EA held the money until the first of the following month which caused a delinquency to my mortgage company and hurt my credit score. My mortgage said they should have know to make the payment during the month instead of waiting so long. Called EA and they said - read your terms and conditions... They hold the money for as long as they wish. I...
Equity Accelerator is a rip off. I started it in January and added additional payments toward my principal. All of a sudden they lowered the payment amount and blamed my mortgage company. It wasn't my mortgage company. When I decided to use them in January and inquired whether there was a fee associated, I was told that since I had been in it about 8 yrs ago that I was a lifetime member. Well...
I paid off my B of A loan in December, 2012. Had an equity accelerator for the loan. Despite payoff, EA continued to debit my account totaling over $1500. When I finally contacted them, they said it was my responsibility to let them know loan was paid off and they would repay me amount of funds debited. Fair enough. However, after cancelling contract with them, and getting written acknowledgment...
I used equity accelerator for approx. 10 years. My husband died 5 years ago. I refinanced 1 year ago and I signed up for equity accelerator again because I had no previous problems with them. Equity accelerator put the account in my DEAD husbands name. His name is obviously not even on my new mortgage and I had to send death certificate in and they still didn't want to put in my name. They...
I have paid my mortgage on time all my adult life. I signed up for Equity Accelerator program and the first payment that Equity Accelerator made was late. I called to cancel and the Customer Service rep did not properly note the account and next payment was withdrawn from my account. I was charged a $100 cancellation fee to cancel. Do your own Equity Acceleration! Stay away from this sham of...
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