A few hours ago someone came in to the site and posted a comment about autopaymentassistance.com so I thought I’d look into what the site was offering.
The website says the program will “help you out” if you are ever able to make your payments.
AutoPaymentCenter.com is owned by:
Variety Investment Corporation
Herbert Hamlet
214 NE Ponce De Leon Avenue
Atlanta, GA 30308
The domain name was registered on August 2, 1010.
While the site says it is owned by Variety Investment Corporation, there is no other mention I found online of a variety investments other than its relationship with the Auto Payment Assistance site.
The Variety Investment Corporation was registered in Georgia on July 20, 2010 by Hashim A. Hamlett and Salim F. Hamlett. – Source
From reading the terms and conditions it appears that the program will not make your full payment but will make up to $500 of payments, total, over a three year period in up to eight smaller payments.
Furthermore, members do not receive a free payment. It appears what they get, for a monthly fee, is the potential a no interest loan and are required to repay any payment made on their behalf to Variety Investment Corporation over a six month period. Essentially it winds up being a prepaid interest payday loan.
The signup fee is $29.95 but in only one spot I found on the site did it make any reference to a monthly membership fee. Apparently the membership fee is $14.95 per month the first year and $9.95 per month the second year and thereafter. – Source
So by the end of your third year you would be eligible for a total of $500 in payment assistance, that is not free money and you will have paid in $448.15 and for that you get several free loan periods you must repay on top of this amount.
It seems that people would be much better off just setting up an automatic deposit into a savings account of $14.95 per month. At the end of three years they would have $538.20 of their own money saved that would not have to be repaid to anyone.
Interestingly I was unable to find anything on the site or in the terms that said what the company would do to people that defaulted on repayments.
Program Terms & Conditions
Terms & Conditions
TERMS OF MEMBERSHIP AND MEMBERSHIP AGREEMENT
Auto Payment Assistance Terms & Conditions
Variety Investment Corporation, a Georgia Corporation (”Auto Payment Assistance”) provides this autopaymentassistance.com web site (”Web Site”) to you. This agreement is made between you and Variety Investment Corporation, (- AutoPaymentAssistance- ). The web site, all services such as access to on-line tools, information, text, pictures, graphics, logos, button items, images, works of authorship and other information and all revisions, modifications, and enhancements thereto (”content”) are subject to the following terms and conditions, which may be updated from time to time.
YOUR ACCESS TO AND USE OF THIS WEB SITE AND THE SERVICES PROVIDED ON THIS WEB SITE ARE SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS AND ALL APPLICABLE LAWS AND REGULATIONS. PLEASE READ THESE TERMS CAREFULLY. IF YOU DO NOT AGREE WITH ANY OF THESE TERMS AND CONDITIONS, DO NOT ACCESS OR OTHERWISE USE THIS WEB SITE, THE SERVICES, OR ANY INFORMATION CONTAINED ON THIS WEB SITE.
BY USING THIS WEB SITE, YOU AGREE TO ABIDE BY EACH OF THE TERMS AND CONDITIONS SET FOURTH BELOW. WE RESERVE THE RIGHT, IN OUR SOLE DISCRETION, AND WITHOUT NOTICE, TO UPDATE AND/OR REVISE THESE TERMS AND CONDITIONS. YOUR CONTINUED USE OF THIS SITE FOLLOWING THE POSTING OF ANY CHANGES TO THE TERMS AND CONDITIONS CONSTITUTES ACCECPTANCE OF THOSE CHANGES. PLEASE CHECK THE TERMS AND CONDITIONS PERIODICALLY FOR CHANGES.
What is Auto Payment Assistance ?
The Auto Payment Assistance Program is a unique program that will make a member’s automobile payment when they cannot based on the schedule of conditions herein. ( Hereafter all reference to payments will be referred to as “Benefits”.) A member may earn up to three benefits based on the following:
A.) A new member is entitled to (two) benefits the first year of his/her membership.
B.) A second year member is entitled to (two) benefits the second year of his/her membership.
C.) A third year member and all beyond are entitled to (three) benefits per year during the term of there membership.
All benefits cannot exceed the amount of $500.
All membership fees must be current at the time that a member requests a benefit.
Member acknowledges by reading these terms and conditions that Variety Investment Corporation through its Auto Payment Assistance Program will make all benefit payments directly to member’s auto loan or finance company.
THE PROCESS
Once APAC advances a benefit on behalf of a member to an approved financial institution, the member understands and agrees that the total amount of the benefit will be repaid to APAC over a (6) six month period interest free. The member will establish the repayment term at the time of receipt of the benefit.
EXAMPLE
A $ 380.00 benefit may be repaid in six equal amounts of $ 63.30 a month or (3) three payments of $ 126.60 per month etc, The member selects the repayment term which must be paid within a six month period. All benefits are interest free and available to members in good standing pursuant to the enclosed terms and conditions.
All benefit repayments must be repaid by either
Credit/debit card, checking account or employer direct deposit.
There are absolutely no fees or interest charged on benefits to members. Repayment of benefits will begin (30) thirty days after the receipt of benefit payment from APAC. If a member cancels his/her membership prior to repayment of a benefit in full APAC shall deduct the balance in full from whatever source available. If a member closes the agreed form of deduction account, the member agrees to additionally pay all costs of collection, recovery and/- or all legal fees.
These terms and conditions shall be governed by the laws of the state of Georgia.
Variety Investment Corporation ( APAC ) may refuse the disbursement of any benefit for any reason, to any member, that Variety Investment Corporation feels is not within these Terms and Conditions herein whether implied or not. All benefits are disbursed at the sole discrection of Variety Investment Corporation and not on the basis of a members membership.
USE OF CONTENT AND SERVICES and INDEMNIFICATION
In consideration of your use of the Content and Services, you agree to provide true, accurate and current information as prompted by this Web Site. If any information you provide is untrue, inaccurate or not current, or if Variety Investment Corporation has reasonable grounds to suspect that such information is untrue, inaccurate or not current, Variety Investment Corporation, at its sole discretion, has the right to suspend or terminate your use and refuse all current or future access to the Content and use of the Services or suspend or terminate any portion thereof. Further, you agree that Variety Investment Corporation will not be liable to you or any third party if Variety Investment Corporation suspends or terminates your access to the Content or Services for any reason. You agree to use the site solely for the purposes for which the Services are intended and solely in compliance with the Terms and Conditions and any other agreement between yourself and Variety Investment Corporation.
You agree to defend, indemnify, and hold harmless Variety Investment Corporation and its affiliates, parents, subsidiaries, and their respective employees, agents, contractors, officers, directors, successors and assigns from all liabilities, claims, damages and expenses, including without limitation attorneys’ fees and costs, that arise from your use or misuse of this site or a breach of your representations and warranties.
PASSWORDS AND USER ID PROTECTION
To obtain use for the Services, you may be assigned a password and user ID upon completing the registration process. You agree to maintain the confidentiality of your password and user ID and are fully responsible for all activities using your password or user ID. You agree that under no circumstances will you provide your password or user ID to a third party. You agree to immediately notify Variety Investment Corporation of any unauthorized use of your password or your user ID or any other breach of security, and to log off from your account at the end of each session. Variety Investment Corporation cannot and will not be liable for any loss or damage arising from your failure to comply with this Section.
PROPERTY
You acknowledge and agree that all Content is the property of Variety Investment Corporation or third party content suppliers. You acknowledge that Variety Investment Corporation has expended substantial time, effort and funds to create and deliver the Services and compile the data contained therein. The Services and data are and will continue to be exclusive property of Variety Investment Corporation.
LIMITATION OF LIABILITY
YOU UNDERSTAND AND AGREE THAT Variety Investment Corporation AND ITS SUPPLIERS WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES EVEN IF Variety Investment Corporation OR ITS SUPPLIERS HAVE BEEN ADVISED OF THE POSSIBILITY OF THOSE DAMAGES, RESULTING FROM YOUR USE OR INABILITY TO USE THE WEB SITE, SERVICES, CONTENT OR SOFTWARE, ANY USE OR RELIANCE ON ANY LINKED WEB SITE OR ANY OTHER MATTER RELATED TO THE SERVICES OR CONTENT. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.
THIRD PARTY LINKS
This Web Site may contain links to Web Sites maintained by third parties. Such links are provided for your convenience and reference only. Variety Investment Corporation does not operate or control in any respect, and is not responsible for any information, software, products or services available on such Web Sites.
Governing Law
These terms and conditions are governed by the laws of the State of Georgia without regard to choice or conflicts of law provisions. You hereby consent to the exclusive jurisdiction and venue of the courts in Fulton County, Georgia in connection with any legal action arising in connection with these terms and conditions and/or the use of this site, and you hereby submit to the jurisdiction of any such court. This agreement constitutes the entire agreement between Variety Investment Corporation and you concerning the subject matter hereof, and it supersedes all prior or contemporaneous communications, promises and proposals, whether oral, written or electronic. If any provision is deemed to be unlawful or unenforceable, it will not affect the validity and enforceability of the remaining provisions. – Source
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I would be very leary of purchasing anything from this company….I signed up for the service after reading the website and calling several times for more information…once they had my payment they completely changed the terms & conditions of the plan that I signed up for…when I asked for a refund they kept 29.95 of my money as a non refundable fee, not to mention their customer service is horrible! Steve is correct, you are better off putting your money in an interest bearing account, at least then you know its safe!
I would be very leary of purchasing anything from this company….I signed up for the service after reading the website and calling several times for more information…once they had my payment they completely changed the terms & conditions of the plan that I signed up for…when I asked for a refund they kept 29.95 of my money as a non refundable fee, not to mention their customer service is horrible! Steve is correct, you are better off putting your money in an interest bearing account, at least then you know its safe!