Meet Achieve, the Leader in Digital Personal Finance Built for Everyday People (2024)

San Mateo, Calif., Sept. 22, 2022 — Achieve, the leader in digital personal finance, has launched its new brand and expanded suite of offerings designed to help everyday people get on, and stay on, the path to a better financial future.

There are over 123 million consumers in the United States who could use some help moving from financially struggling to thriving. Achieve’s digital personal finance offerings can help people reduce debt, improve cash flow, save money, manage expenses and plan for the future. Combining innovative technology with a relationship-driven approach, Achieve supports every step of a consumer’s financial journey with personal loans, debt resolution, home equity loans and financial tools and education. Achieve will continue to grow to meet its members' ever-evolving financial needs and in the future, plans to help everyday people with banking, budgeting and more.

Achieve More

Co-founded by co-CEO’s Andrew Housser and Brad Stroh, Achieve’s foundation is built on the 20 years of consumer-centric financial services expertise of Freedom Financial Network. Since 2002, Freedom Financial Network has served more than 1 million consumers, resolved over $16 billion in debt and facilitated over $7 billion in personal and home equity loans.

“When we founded our company, it was based on the realization that the vast majority of financial services companies were not focused on helping consumers better manage their debts or who were dealing with financial setbacks. It was clear to us then that a new approach was needed,” said Achieve Co-Founder and Co-CEO Andrew Housser. “The traditional financial system and most consumer fintechs still cater to the wealthiest people with pristine credit histories. We understand that life isn’t always a best-case scenario, which is why we built Achieve to be the leader in digital personal finance for everyday people.”

Achieve’s two decades of data and analytics, expertise in credit profiling and conservative risk management provide an unrivaled ability to navigate complex and ever-changing credit and economic cycles. Achieve takes an empathetic and customized approach to helping people on their financial journeys by profiling what has and hasn’t worked before for its members and then offering the right mix of financial products, education and engagement. Achieve’s 2,700 dedicated employees work across the country with hubs in California, Arizona and Texas.

“For 20 years, we’ve been a financial services leader with heart that has helped consumers take charge of their financial lives,” said Co-Founder and Co-CEO Brad Stroh. “As we become Achieve, we’ll continue our empathetic approach to understanding and supporting our members and their unique situations, personalized solutions and their path to a better financial future.”

The “Digital Personal Finance” Difference

Digital personal finance sits at the intersection of financial services and fintech. Achieve puts people first and uses data and artificial intelligence, combined with the power of a relationship-based human touch, to personalize solutions for each member’s needs, creating a clear path to the next step in their financial journey.

“Traditional banks and fintechs often ignore nonprime consumers. Many startups don’t have the experience or data to develop algorithms that work for customers with blemished credit, forcing this substantial consumer segment out of traditional financial services and into costly and antiquated financial products,” said Achieve Co-Founder and Co-CEO Brad Stroh. “Our approach to digital personal finance is designed for everyday people. We believe in a world where the best that banking and technology have to offer is accessible to all so that everyone can build a stronger and brighter financial future.”

More from Achieve

Achieve Center for Consumer Insights Study: Buy Now, Pay Later Stretches Limits of Consumer Credit

Case study by Pentagram, the design firm that developed the Achieve identity

Achieve Overview

Achieve Press Kit

About Achieve

Achieve is the leader in digital personal finance. Our solutions help everyday people get on, and stay on, the path to a better financial future, with innovative technology and personalized support. By leveraging proprietary data and analytics, our solutions are tailored for each step of a consumer's financial journey and include personal loans, home loans, help with debt and financial tools and education. Achieve is headquartered in San Mateo, California and has more than 2,700 dedicated employees across the country with hubs in California, Arizona and Texas. The company is regularly recognized as a Best Place to Work.

Achieve and its affiliates are subsidiaries of Freedom Financial Network Funding, LLC, including Bills.com, LLC d/b/a Achieve.com (NMLS ID #138464); Freedom Financial Asset Management, LLC (NMLS ID #227977); Freedom Resolution (NMLS ID 1248929); and Lendage, LLC d/b/a Achieve Loans (NMLS ID #1810501).

Meet Achieve, the Leader in Digital Personal Finance Built for Everyday People (2024)

FAQs

Is Achieve a legit company? ›

Achieve has an excellent 4.9-star rating on Trustpilot based on 2,900 customer reviews. Achieve's Better Business Bureau (BBB) reviews also are largely positive, and the A+ BBB-accredited lender has a 4.73-star rating based on 1,115 reviews.

What credit score do you need for an achieve personal loan? ›

We take a holistic approach in looking at your debt, income, and needs. Our aim is to find a loan amount, rate, and monthly payment that saves you money. The minimum credit score required to qualify for our loan is 620.

How long does it take to get the funds from achieve loan? ›

Approval and Funding

It usually takes 24 to 72 hours to receive your loan funds from the time of approval. You can expedite the process and ensure a smooth experience by submitting your application early in the day, so Achieve can review it that same day.

How does Achieve loans work? ›

What is a personal loan through Achieve? It's a low, fixed-rate loan between $5,000-$50,000, with loan terms of 2-5 years, so your monthly payments don't change. There's no hidden fees or prepayment penalty.

Is Achieve a good debt consolidation company? ›

Bottom line. Achieve is an online lender providing personal loans for various purposes. It can be an excellent choice for borrowers with imperfect credit looking to consolidate high-interest debt. Still, even if you fit this description, make sure to compare offers from several lenders before you apply.

Is Achieve a good loan company? ›

If you want to consolidate credit card or other high-interest debt, Achieve is worth considering. Plenty of lenders say they want to help you get out of debt. But Achieve puts its money where its mouth is by offering a rate discount if you agree to send most of your loan funds directly to creditors.

Does achieve loans require proof of income? ›

To qualify for a personal loan with Achieve, you'll need proof of income and a verified bank account. After you've filled out the company's online application, you'll talk to a loan consultant whose stated aim is to “go beyond your credit report to qualify you for a loan.”

Can I pay off my Achieve loan early? ›

Achieve doesn't charge an application fee or prepayment fee, so you don't have to worry about a penalty if you pay off the loan early. There is, however, an origination fee of 1.99 percent to 6.99 percent.

What credit score do I need for a $10000 personal loan? ›

To increase your chance of qualifying for a $10,000 unsecured loan, you should have a credit score of 600 or higher. Some lenders start their minimum credit score requirements at 600, however, there are some lenders that require a credit score in the high 600s or low 700s.

What happens if I can't pay my Achieve loan? ›

Consequences of Not Paying Achieve Personal Loans

If you don't make your monthly payment on time, you will be charged a late fee of $8. Achieve Personal Loans does have a 10 day grace period, which means you will not be charged a fee unless your payment is more than 10 days past-due.

How do you get funded on Lenme? ›

Download our app, get verified via our in-app identity verification, connect your bank account and you'll be ready to request a loan in minutes. All you need to do is request your desired loan amount and payback period, and your loan will be listed in our Lenme marketplace for lenders to review.

How long does it take to get a bank loan once approved? ›

It typically takes anywhere from a few hours to a few weeks to get a personal loan, depending on various factors including the lender's processing time and the applicant's preparedness. Recognizing the timeline for obtaining a personal loan can help you plan your finances and ensure a smooth borrowing experience.

What bank does achieve use? ›

The underlying Achieve Personal Loans in the securitization were originated by bank partners Cross River Bank and Pathward®, N.A. on the Achieve Personal Loans platform.

Does Achieve loans have an app? ›

With the Achieve GOOD app, you can create your own self-managed plan to choose how to get out of debt faster. See where your money is going. First, you can use the Achieve GOOD app to get a clear view of your money.

Does debt consolidation hurt your credit? ›

If you do it right, debt consolidation might slightly decrease your score temporarily. The drop will come from a hard inquiry that appears on your credit reports every time you apply for credit. But, according to Experian, the decrease is normally less than 5 points and your score should rebound within a few months.

Is achieve test prep worth it? ›

Achieve Test Prep is a legit exam preparation platform with a high success rate. Better yet, those who don't pass their exams on the first try can get access to additional resources.

Does achieve report to credit bureaus? ›

While Achieve does allow you to prequalify for a loan with just a soft credit check, you'll eventually have to submit to a hard credit pull if you decide to follow through with the application process. This can cause your score to go down by a few points and can stay on your credit report for up to two years.

Does Achieve loans require collateral? ›

Achieve personal loans are unsecured, so you won't need any collateral to get one. There is an origination fee ranging from 1.99% to 6.99%. Achieve will determine the amount of the fee based on your loan details. The fee is then deducted from your loan proceeds before they're turned over to you.

Top Articles
Latest Posts
Article information

Author: Horacio Brakus JD

Last Updated:

Views: 6282

Rating: 4 / 5 (71 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Horacio Brakus JD

Birthday: 1999-08-21

Address: Apt. 524 43384 Minnie Prairie, South Edda, MA 62804

Phone: +5931039998219

Job: Sales Strategist

Hobby: Sculling, Kitesurfing, Orienteering, Painting, Computer programming, Creative writing, Scuba diving

Introduction: My name is Horacio Brakus JD, I am a lively, splendid, jolly, vivacious, vast, cheerful, agreeable person who loves writing and wants to share my knowledge and understanding with you.