An Idaho-based company is giving people a shocking, unexpected surprise: waking up 100% debt-free. Their unusual new Debt Relief Program gives companies ‘ridiculously good' incentives to ‘do the right thing' and instantly allow people to wake up without ever having to repay their debt.
BOISE, ID / ACCESSWIRE / September 20, 2020 / It may be one of the few bright spots in an otherwise catastrophic year: a way for everyday people to wake up debt-free, without even having to lift a finger.
The social enterprise is called Trade Nicely, the brainchild of Jeffery Hartman, a financial strategist who realized there had to be a better way to help people during, perhaps, one of the most tumultuous stretches of their lives.
It's a simple concept that's taking off. Trade Nicely acquires debt portfolios, picks a group of people, and forgives their debt. People get a phone call, and when they hit the criteria for the Debt Relief Program, they are instantly forgiven of their debts, in full, no strings attached.
Hartman had his lightbulb moment when a colleague commended him for forgiving the debts of disabled veterans, something he has been doing quietly for many years.
"It hit me one day, this feeling of transforming lives by freeing people from the shackles of their debt… I can help anyone do it too," says Hartman. "If you're a bank or lender, we'll do a trade for services you want, and if you're a company, charity or individual who wants to chip in, you can make a donation and we'll take care of everything."
It's a shockingly simple solution to a global crisis that is spiraling out of control. With the average American household carrying $137,063 of debt according to Debt.org, it's a more silent epidemic that has taken a backseat to the Coronavirus outbreak.
Trade Nicely has taken a usual, tech-driven approach that may be the catalyst needed to make a serious dent in the 13+ trillion of consumer debt currently owed by Americans.
The secret sauce is that all the hard work happens on the backend with literally no action required by people, other than a signature. They've eliminated the need for people to pay fees, fill out forms, apply, educate themselves, or take any actions whatsoever.
The company takes matters into their own hands by ‘trading' directly with the banks, lenders, and other institutions who own these debt portfolios who receive an ‘offer they can't refuse' which typically includes positive PR, exclusive access to Financial Partners, and client acquisition services.