Amanda Peterson
December 20, 2023
• 2 Minute Read
Big news on the debt forgiveness forefront. StellarFi has opted to forgive $50 million dollars of consumer debt! That debt includes several account types – from predatory payday loans to late utility bills – that had gone to collections. This is a major step in their mission to make good credit universally accessible, and positively impacts tens of thousands of people!
What is StellarFi’s Debt Forgiveness Program?
No more never-ending calls and letters from debt collectors.
Earlier this year they bought several debts – from predatory payday loans to late utility bills – that had gone to collections.
They bought it so they could forgive it. Now you can see if you were one of the people whose debt was automatically forgiven by StellarFi.
Why did StellarFi forgive this debt?
Most Americans are carrying debt. It’s likely affecting your credit score, but more than that it’s probably stressing you out. It can feel hard to overcome and get back on track.
Sometimes you just need a bit of extra help.
Most of their members have faced difficult situations in which good credit and less debt would have helped. StellarFi decided to forgive this $50 million of consumer debt so tens of thousands would have one less obstacle in their way.
StellarFi builds your credit score with the bills you pay
Know your credit score.
The first step is to know where you stand today. Get your credit score and report for free through StellarFi.
Get your bills in one place.
Add your bill to your StellarFi dashboard. Think of it as a one-stop shop to know when your bills are due, and what their amounts are.
Build your credit score.
StellarFi will pay your bills automatically on their due date and pull the bill amount from your connected bank account. Your payments will be reported as credit to the major bureaus monthly.
Stretching Your Dollar
In the realm of finances, numerous Americans are facing challenging times, especially during the holiday season. StellarFi, a credit builder, has introduced a fresh debt forgiveness initiative aimed at alleviating the financial burden for many. Lamine Zarrad, the CEO and founder of StellarFi, discussed his efforts in debt forgiveness on 'Stretching Your Dollar.'
Check if you were part of the $50M in debt forgiven, by clicking here.
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