Debtsy is building and enforcing trust in consumer finance. Borrowers in delinquency and default face harassment, hidden fees, and harmed credit scores. Creditors lose out on recoveries, expose themselves to compliance and operational risks, and compromise the trust on which their relationships with borrowers are built. Debtsy is designed from the ground up to utilize technology to provide a more streamlined, compliant, and effective resolution process for borrowers and creditors alike.
Piecewise is a New York-based company founded in 2016 that specializes in a budgeting application aimed at assisting student debt borrowers in managing and repaying their loans. Utilizing machine learning, the platform helps users save money and avoid default by offering various mobile-based repayment options. Students can pay down their loans using spare change from daily purchases, send lump sums from their phones, or cash out their Venmo balances towards their debts. Additionally, Piecewise collaborates with financial institutions to enhance the management of student loan portfolios and improve the affordability of repayment plans, thereby empowering borrowers to take control of their financial futures.
Debtsy is building and enforcing trust in consumer finance. Borrowers in delinquency and default face harassment, hidden fees, and harmed credit scores. Creditors lose out on recoveries, expose themselves to compliance and operational risks, and compromise the trust on which their relationships with borrowers are built. Debtsy is designed from the ground up to utilize technology to provide a more streamlined, compliant, and effective resolution process for borrowers and creditors alike.
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