AutoPayPlus Company Research Report

Company Overview

• Name: AutoPayPlus

• Mission: Provide a personal financial management service by offering flexible payment options aligned with paychecks for better budgeting, preventing late fees, and accelerating loan payoff.

• Founded: 2003

• Founders: No information is available

• Key People: No information is available

• Headquarters: 800 Magnolia Ave Suite 1275, Orlando, FL 32803

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: AutoPayPlus is known for its automated loan payment service, which helps consumers in better budgeting, avoiding late payments, and accelerating loan payoffs, primarily serving the automotive industry.

Products

Core Products

1. Automated Loan Payment Service

• Description: Offers flexible loan payment schedules that adjust according to the consumer’s paycheck cycle.

• Key Features:

• Biweekly and weekly automated payment schedules.

• Extra payments towards principal balance to reduce loan duration.

• Customizable payment amounts to fit financial needs.

2. Value-Added Financial Services

• Description: Additional services to enhance financial management and security.

• Key Features:

• Monthly VantageScore® 3.0 credit score from TransUnion®.

• Credit monitoring and instant alerts for identity theft prevention.

• Vehicle valuation from Kelley Blue Book and recall alerts for vehicle maintenance.

3. Online Personal Finance Planning & Guidance

• Description: Tools and resources for better financial planning.

• Key Features:

• Free monthly credit score and annual credit reports.

• Access to personalized finance planning tools.

Recent Developments

• New Products Launched: No information is available

• New Features Added:

• Expansion of value-added financial services including credit scores and monitoring tools.

• Enhanced payment flexibility and customer service features.

• Partnerships and Collaborations:

• Strong relationships with independent agents and dealerships nationwide, primarily in the automotive industry.

Additional Information

• Member Statistics:

• Over 500,000 members have been enrolled since inception.

• AutoPayPlus has processed over $5.65 billion in loan payments for its members.

• Security and Compliance:

• Fully compliant with all bank and Nacha Operating Rules and Guidelines ensuring secure transactions.

This report highlights the essential aspects of AutoPayPlus, focusing on their services to improve personal financial management through automated loan payments and additional financial support tools. Through its offerings, AutoPayPlus aims to make budgeting and debt management more efficient and secure for its users.