With the Secure Act 2.0 signed into law, Americans will benefit from changes to retirement provisions designed to help increase savings and access to retirement benefits. These changes include automatic enrollments into employer-sponsored retirement plans, boosting catch-up contributions, tax incentives … Continue reading What to Know About the Secure Act 2.0 and Student Loan Debt
New year, new student loan servicer? You may have heard the student loan servicer FedLoan ended their contract with the government Dec. 2022. If you haven’t…surprise! Happy new year! But don’t worry, this change should (hopefully) be a painless one … Continue reading What you need to know about FedLoan ending their government contract
Forbes Finance Council is an Invitation-Only Community for Executives in Accounting, Financial Planning, Wealth and Asset Management, and Investment Firms NEW YORK, NEW YORK, Nov. 30, 2022 — Bobby Matson, Founder and CEO of Payitoff, a consumer debt infrastructure company, has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms. Bobby Matson was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional … Continue reading Payitoff Founder, CEO Bobby Matson accepted into Forbes Finance Council
Are you confused about what’s happening with student loan forgiveness? Join the club! On Aug. 24, 2022, the Biden-Harris Administration announced a Student Debt Relief Plan that includes one-time student debt relief for millions of borrowers. Since then, there’s been a lot … Continue reading Student Loan Forgiveness: Frequently Asked Questions
We’re proud to announce a big step in getting borrowers better student loan repayment outcomes: Meet our new, exclusive refinancing marketplace for student loans! You probably know Payitoff provides our partners tools for their borrowers to leverage federal programs in … Continue reading Introducing Payitoff’s exclusive Refi marketplace with Sparrow
The Biden administration has just announced student loan forgiveness for millions of borrowers- a huge and unprecedented move that will positively impact borrowers and the financial services industry alike. What this opportunity means for the industry Not only will eligible … Continue reading Up to $20k student loan forgiveness announced for 27 million borrowers
We couldn’t be more excited to announce our latest partner is Lever, an Australian debt negotiation app making its US market debut. Powered by our API and smart debt guidance, in the US market Lever will be assisting borrowers specifically … Continue reading Debt Negotiation App Lever is Payitoff’s Newest Partner
We’re beyond excited to announce that Payitoff has successfully raised an $8.5M seed round led by Lightspeed Venture Partners with participation from Sound Ventures, Struck Capital and Social Leverage. This puts our total raised to date at $11M, with support from incredible investors like Lachy Groom, Ayo Omojola, Jim Esposito, … Continue reading We Raised $8.5M to Prepare the Financial Services Industry for the Student Loan Tsunami
According to the U.S Department of Labor, over 22 million Americans have filed for unemployment over the past month. Obviously, this is an unheard-of amount of job loss, but how does it affect student loan borrowers? Roughly 1 in 5 … Continue reading 10% of student loan borrowers are newly unemployed
On March 27th, the CARES Act was signed into law and had far reaching changes to the existing COVID-19 rules for borrowers. For all federally-held student loans: Monthly payments are automatically suspended Interest is set to 0% Wage garnishment of defaulted … Continue reading CARES Act: The Reality For Borrowers