We believe that when we multiply the impact of brands, people and causes we change the world for the better.

Why debt?

Fifty percent of our population are one unforeseen shock— be it an accident, illness, or unemployment—away from financial ruin. These shocks result in over 20 million people going bankrupt or becoming insolvent (an inability to pay bills or with debts greater than assets) each year.

There is over $1 trillion of unpaid debt of necessity (housing, utilities, education, food, fines), other consumer loans, and credit. Debt from necessities (not luxury and extravagant spending), including healthcare, push twenty percent of the population into losing their entire life savings.

Those that have financial support from friends or family borrow $200 billion per year to pay off debt. Those that have no support, the majority, use credit with $50-$100 billion in bank credit cards, installment, payday, peer to peer, marketplace, and home equity loans.

The consequences of unpaid and unpayable debt of necessity are financial hardship and a spiral that people often never recover from.

With increased debt collection comes poor credit, that turns into higher costs of loans and insurance, or no access to credit for a home, education, or healthcare. This debt eliminates disposable income. The epidemic is thwarting our people’s growth, their education, ability to take on risks, get married and have children.

Our corporations and country are losing a potentially productive labor force, and a household consumer. A large swath of our people are not able citizens, participating in our county’s economy, nor are they enjoying certain liberties and the pursuit of happiness.

There is no doubt that relieving debt is one of the single most impactful, and easy ways to have a meaningful impact on people’s lives, and our country as a whole.

How We Got Started

Our co-founder, Craig Antico, was a consumer debt collection agency and debt buyer executive for over thirty-years, and then he changed course in 2011 and has been a pioneer in the debt forgiveness industry since.

Like his previous work, that centered on buying consumer debt, he repurposed the secondary debt market to buy debt for pennies on the dollar-but instead of collecting the debt, he found a way to have it forgiven.

In his early debt forgiveness career, in 2011 to 2013, he solved the vexing problem of hardship caused by unpayable debt in student loans, medical debt, and other consumer debt by having it abolished.

Then in 2014 he co-founded and became CEO of a debt relief charity that relieved billions of dollars of debt for millions of individuals.

Now, Craig has co-created ForgiveCo™ PBC Inc, a public benefit corporation that targets forgiveness of any debts of necessity for individuals in hardship because of debt.