The Industry's Leading Source for F&I, Sales and Technology
Search Close Menu

Tag Search Result

biweekly payment

Defusing the Biweekly Scare

The editor and two segment leaders met at Industry Summit to debunk the myths surrounding biweekly payments and uncover the real value of the product.

Read more

US Equity Advantage Temporarily Suspends Business in 16 States

Due to recent regulatory changes related to licensed money transmission, biweekly loan payment service provider US Equity Advantage has suspended business in 16 of the 50 states in which it does business.

SMART Payment Plan to Unwind Texas Business

SMART Payment Plan was ordered to wind down its business in Texas for operating without the proper state license since 2009. The biweekly payment provider can reapply for the license in 12 months.

USEA Hires Account Manager to Oversee Biweekly Loans

Billy Jackson has joined US Equity Advantage as a regional account manager. He will be responsible for servicing the company’s biweekly loan program with dealership partners across multiple states.

Biweekly Payment Provider Bulks Up Compliance Practices

USEA implements code of ethics and a certification test for its dealership partners. The move comes more than three months after the NADA notified members that the FTC was investigating biweekly payment programs.

Biweekly Payment Providers Offer Unified Response to NADA Memo

Four providers of biweekly payment providers responded on May 20 to a memo the NADA issued to its members on May 8. They say the association overlooked key benefits when it cautioned dealers about how such products are presented to consumers.

UPDATED: FTC Probing Biweekly Payment Products, the NADA Warns

Biweekly payment providers continue to react to the memo the NADA issued last week. This week, Economic Advantages Corp. offers its take on the alert.

US Equity Advantage Hires Regional Account Manager

Automotive retail and F&I expert James Trueman joins the company as a regional account manager for the Northeast region.

US Equity Advantage Adds to Team

Rick Christopher joins US Equity Advantage as the regional account manager for the Southeast.