Credit
Refinance
Our flagship product is the Revi Loan, used to secure the repayment of your existing debt. It allows your existing creditor (such as a collection agency) to immediately release you of the obligation.
How it works
You can refinance your existing debt in a few easy steps outlined below:
1
Fill the application form
Select your existing debt holder company from the dropdown and provide us with some basic information about your account.
If you cannot find your company name in the dropdown, let us know and we will invite them to participate in our program.
2
Review the refinance offer
If we are able to match the details you provided with your debt records, you will be presented with a refinance offer. We work hard behind the scenes to negotiate amazing discounts for our customers, therefore you will probably see a much smaller amount than you currently owe.
If your account cannot be located or is not eligible for the refinance, you will need to speak to your existing debt company to find out why.
3
Complete the loan application and sign the agreement
If you accept the offer, we will ask you some additional questions, which are required for us to originate your Loan. Those usually take less than 5 minutes to complete. Once you submit the form, we are going to underwrite your application.
If approved, you will be presented with a Loan Agreement, which you have to read carefully and - if you agree with its terms - sign electronically. You can sign using your computer or mobile phone, but some people will find a computer screen or a tablet easier to use.
What happens next?
Once your Refinance Loan is originated, you no longer owe the original debt. This is what you will experience over the next few days:
- All collection calls, emails, and letters pertaining to the original debt should stop right away.
- Your existing debt is settled with your current creditor.
- You will receive periodic reminders about upcoming repayments of your Refinance Loan.
Eligibility and requirements
This means that your current debt holder (bank or collection agency) must be enrolled in the Revi Credit program. When you fill in our application form, we will check if we can work with the company that holds your debt at the moment.
Your current debt holder (bank or collection agency) might need to meet additional criteria required by the Revi Credit program. Once you apply, we’ll verify this for you.