Achieve's Landmark Move in Debt Relief with Asset-Backed Securitization

Achieve's Historic Debt Settlement Fee Securitization

Achieve, a leader in digital personal finance, has made a significant advancement in the debt relief and consumer finance landscape by successfully closing a $217.2 million asset-backed securitization. Completed on December 18, 2025, this move comes as part of the company's broader efforts to innovate within the financial sector and help consumers overcome their financial challenges.

The securitization, named ACHD Trust 2025-DS1, comprises three distinct classes of rated notes. These financial instruments are backed by the fees earned through Achieve's debt settlement programs targeted at U.S. consumers. According to Achieve's Co-Founder and Co-CEO, Andrew Housser, this landmark transaction represents a substantial step forward for both Achieve and the broader debt relief industry.

Housser emphasized, "This inaugural securitization marks an important step forward for Achieve and the debt relief industry. By securing investment-grade ratings and attracting exceptional investor demand, we believe we've unlocked a durable new capital channel that expands our ability to help consumers resolve their debt and rebuild their financial lives."

Jefferies played a crucial role as the Initial Purchaser and Sole Bookrunner for this significant transaction. Ratings were assigned by reputable agencies, including the Kroll Bond Rating Agency and DBRS Morningstar, which classified the notes into different tiers: Class A received a BBB- (sf) and Class B a BB- (sf), along with a Class C rating of B- (sf) from Kroll. Meanwhile, DBRS assigned a higher rating of BBB (sf) for Class A and BB (sf) for Class B notes, reflecting the strength of Achieve's financial positioning.

Jason Yee, Achieve's Chief Financial Officer, spoke on the implications of this successful securitization, stating, "By opening a new, scalable asset class backed by debt settlement fees, Achieve has expanded its capital markets reach and reinforced a long-term competitive moat. This transaction enhances our liquidity and flexibility, enabling us to serve even more everyday people seeking a trusted path toward a better financial future."

The reception to this securitization has been overwhelmingly positive, with investor interest far exceeding expectations. The cumulative demand was reported to surpass the issued bond amount by more than 11.5 times, attracting participation from a diverse pool of 25 unique investors. This robust demand highlights the strength of Achieve's platform and its commitment to offering solutions that address consumer debt issues.

This initiative marks an extension of Achieve's already notable capabilities in capital markets, which include investment-grade rated personal and home equity loan securitizations alongside various financing transactions targeting personal loans and debt relief. By diversifying its funding sources, Achieve aims to further empower consumers in their quest for financial recovery.

It's important to note that this press release is primarily for informational purposes and does not constitute an offer to sell or solicit any security transactions. The notes resulting from this securitization have not been registered under the U.S. Securities Act of 1933 and were offered solely to qualified institutional buyers under relevant securities regulations.

About Achieve

Achieve is at the forefront of the digital personal finance industry, dedicated to guiding everyday people towards improved financial futures. By leveraging proprietary data and analytics, Achieve provides personalized support to individuals through a range of services, including personal loans, home equity loans, debt relief, and debt consolidation. Furthermore, Achieve offers financial education, tips, and mobile applications like Achieve MoLO® (Money Left Over) and Achieve GOOD™ (Get Out Of Debt).

With over 2,200 dedicated team members across the nation and operational hubs located in Arizona, California, Florida, and Texas, Achieve has received accolades as one of the best workplaces, showcasing its commitment to both employee satisfaction and consumer empowerment.