Achieve Announces Successful Closing of $151.4 Million Debt Settlement Fee Securitization

Achieve’s Successful Debt Settlement Fee Securitization

Achieve, a leading entity in digital personal finance, achieved a significant milestone with the closing of a $151.4 million debt settlement fee asset-backed securitization on June 18. This transaction marks Achieve's second such offering, indicating a robust trend in the acceptance of debt settlement fee as an emerging asset class.

The newly formed trust, designated as ACHD Trust 2026-DS1, encompasses three distinct classes of rated notes. These notes are uniquely backed by the fees generated from debt settlement programs tailored for U.S. consumers.

Co-Founder and Co-CEO Andrew Housser expressed optimism about this development, stating, "The successful closing of our second debt settlement fee securitization further validates this emerging asset class and the strength of our platform." He acknowledged the growing interest from investors in Achieve, which he believes will enhance the company’s capacity to assist consumers in managing their debts.

A Step Forward for Achieve

The successful securitization comes merely six months after the company's debut transaction in December 2025. This swift progression is a testament to the increasing institutional acceptance of this scalable asset class. Achieve's Chief Financial Officer Jason Yee remarked, "Completing a second deal within six months demonstrates the growing institutional acceptance of this scalable asset class."

The ratings for the securitization were established by well-respected agencies, including Kroll Bond Rating Agency and DBRS Morningstar. Kroll designated Class A notes with a rating of BBB- (sf), Class B at BB- (sf), and Class C at B- (sf). Meanwhile, DBRS Morningstar rated Class A as BBB (sf), Class B as BB (sf), and Class C as B (low) (sf).

This latest move by Achieve not only diversifies its funding sources but also bolsters its alignment with financial norms, which is crucial for sustained long-term growth. Furthermore, the transaction expands Achieve’s diverse and dynamic capital market capabilities, enhancing its potential to serve its clientele effectively while maintaining a judicious capital structure.

About Achieve

Achieve stands at the forefront of digital personal finance, offering solutions that empower everyday individuals to attain improved financial stability. Utilizing proprietary data and analytics, the company provides a range of financial products including personal loans, home equity loans, and debt relief services. Achieve also emphasizes customer education, providing tools like the Achieve MoLO® (Money Left Over) and Achieve GOOD™ (Get Out Of Debt) apps.

Recognized for its exemplary customer service, Achieve has garnered accolades from both consumers and finance review platforms, employing a dedicated workforce of 2,200 across various states, including Arizona, California, Florida, and Texas.

This series of accomplishments highlights Achieve’s commitment to innovation and customer-centric services, positioning it as a leading figure in the evolving landscape of personal finance.