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Hey PH,
I’m stoked to be announcing what I’ve been working on for the past year. Relief is a free app that gets rid of your credit card debt. Think of it as the TurboTax for debt.
TL;DR: for those of you who just want to save money 🙂
Relief is a simple and free app that destroys your debt. We do this many ways, but one of the big ones is negotiating down your debt with your creditors on your behalf, without you having to do a thing.
For those of you who want to know how/why we do this 🙂
Our mission is to make financial relief accessible to everyone. It is our point of view that no individual or family should live a poor quality of life due to credit card debt.
Existing consumer debt solutions are ineffective, costly, and are often scams. Relief solves this using advanced technology, transparency, and the ability to make it free for all users.
Our team raised 2M in seed funding led by Collaborative Fund & BFV, who are known for investing in companies that move the world forward such as Kickstarter and Peloton. Other notable investors include Justin Kan (Founder of Twitch), The Fund, and Necessary Ventures.
How it works?
Relief works by analyzing your personal finances and determining an optimized plan that gets rid of your credit card debt. Depending on the plan, Relief can automate the negotiation of your principal balance or cut down your APR, saving you thousands of dollars in interest.
To ensure the best possible outcomes for our users we work continuously on developing our machine learning technology to find better deals with creditors. This process is made possible by leveraging collective bargaining.
Our waitlist is live right now and we are offering PH users a special sign up bonus of $100 towards their debt. Any friend you refer will also get $50 to sign up, and you will earn an additional $50 as well.
We’d love to hear your thoughts and feedback!
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– Jason Saltzman
