#getremynted
What is Remynt?
Remynt is a debt and credit recovery company that enables creditors to recover revenue from non-performing delinquencies while enabling consumers to rebuild their credit by repaying debt. We acquire charged-off debt and offer those consumers the opportunity to earn credit, a savings account, personal financial management tools, a community, and rewards for debt repayment. Consumers who #getremynted gain access to a new credit charge card upon debt repayment that will grow with them over time.
Remynt offers
No preset repayment plan.
Flexible payment options and payment methods
Monthly reporting of debt payments to the credit bureaus.
1% rewards for debt repaid and purchases (once credit is available) in a cashback savings account (available upon debt repayment).
New Remynt credit (charge) card upon debt repayment with available credit 50% of debt paid.
An opportunity to round up purchases to the dollar contributed to your Remynt savings account.
Future credit line increases based on repayment history.
Personal financial management tools for managing accounts and budgeting.
Credit score tracking and insights for improvement.
A community of Remynters – peers reclaiming their financial future!
Mission
Our mission is to empower consumers who have made credit card mistakes to reset themselves for a more secure financial future.
Values
Make it easy for people to achieve their goals.
Maintain a judgment-free zone.
Passionately pursue ethical solutions.
Act with authenticity and humor.
Treat everyone with dignity and respect.
We buy defaulted credit cards and auto and personal loan debt to help distressed consumers rebuild their credit and improve their financial hygiene. The only way to rebuild credit is with credit, so our credit charge enables building credit history and improving credit to enable consumers to reach their life and financial goals!
We do not buy medical debt. All humans should have access to medical care and not suffer financially to stay alive.
We do not buy payday loan debt. Payday loans are predatory and have indefensible interest rates, trapping people into a cycle of reborrowing to live.
Get Remynted
Remynting is repurposing debt into a new financial asset: a new credit card, savings account, financial management tools, and earning rewards through repayment. No interest is charged on the original debt, and monthly payments are reported to credit bureaus. The new charge card is paid monthly, so no high interest revolving debt. Want to get Remynted? Sign up here for our waiting list.
Why Debt & Credit Recovery
There needs to be more innovation 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 — these consumers are labeled deadbeats. It’s hard to build meaningful solutions when you disdain the consumers served. For those who fall into severe delinquency and experience charged-off debt, there’s typically a financial hardship that impacts the ability to pay. Debt collectors robocall debtors and send tons of mail that mostly gets unopened; they intimidate consumers and offer limited repayment options as they aim to collect the largest repayment quickly. 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 to the consumer being collected from.
We are about credit recovery, as credit is the bedrock of the US financial system. It’s essential to resolve debt, but then there’s the need to rebuild credit, as good credit is the key to accessing assets and opportunities, from employment to insurance to renting an apartment or buying a car. We know that consumers in default have experienced a significant drop in their credit score from their delinquency, and there’s little incentive to pay charged off credit card debt in full since paying the debt does not provide access to 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.