ABOUT US

More modernization is needed in the debt collection business, an extractive industry that is not consumer-centric. We want to make the industry better. The financial services industry negatively perceives those with delinquent, charged-off debt — labeling these consumers as deadbeats. It's hard to build meaningful solutions when you have disdain for the consumers served.

Those experiencing severe delinquency and experience charged-off debt are facing a financial hardship that impacts their ability to pay.  Debt collectors use aggressive tactics such as constant robocalls and a barrage of intimidating mail to pressure consumers into quickly repaying as much as possible. Many consumers who cannot afford to pay will be sued for debt and may face garnishment of wages or liens against their property. Debt collection is solely about debt recovery without regard for the consumer being collected from.

We are about credit recovery, as credit is the bedrock of the US financial system. Resolving debt is essential, but rebuilding credit is also crucial. Good credit is the key to accessing assets and opportunities, from employment to insurance to renting an apartment or buying a car. It's hard to rebuild credit after severe delinquencies and charge-offs.

Consumers in default have experienced a significant drop in their credit scores from their delinquency, and there's little incentive to pay off charged-off debt in full since paying will not improve credit. The five factors that generate credit scores are all built on open credit accounts, which a charged-off account isn't.

Remynt enables rebuilding credit access, offering new credit to report debt payments on an active credit account to restore credit scores. We also provide access to credit scores, financial management tools, and a community to provide the support needed to recover credit. Our success is empowering consumers to #getremynted to a better financial future.