Debtless, NFP

Debtless, NFP is a 501(c)(3) non-profit organization with a mission to help Americans struggling with debt to start over financially. The organization operates by using donor funds to purchase portfolios of delinquent consumer debt on the secondary market for a fraction of their original value. Instead of collecting on this debt, Debtless, NFP permanently forgives it, freeing individuals from the financial and emotional burden without any cost or tax consequences to the recipients. This model serves as a compassionate alternative to the traditional, often predatory, debt collection industry.