AutoPayPlus, a service provided by US Equity Advantage since 2003, offers a biweekly payment plan primarily for automotive loans. The company's business model is based on debiting a customer's bank account for half of their monthly loan payment every two weeks. This results in 26 half-payments, or 13 full monthly payments, over the course of a year, with the extra payment being applied directly to the loan's principal. The company's stated mission is to help consumers build equity, reduce their debt faster, and save money on interest charges over the life of their loan.

Founded in

United States