MPowering America offers a debt relief program that audits lenders and creditors for regulatory compliance, providing alternatives to traditional debt payoff methods like bankruptcy or loan consolidation. The company also integrates its debt management platform into employer benefits packages, helping employees achieve financial stability.
Funding
Funding not disclosed
Founders
Product
Problem
Many Americans struggle with overwhelming debt from sources like education loans, credit cards, and mortgages, leading to financial instability and reduced ability to build wealth. Traditional debt payoff methods like bankruptcy or loan consolidation may not be suitable or effective for everyone. A lack of financial literacy further exacerbates the problem, making it difficult for individuals to navigate complex financial systems and make informed decisions.
Solution
MPowering America offers debt relief programs designed to help individuals achieve financial freedom and build wealth. The company audits lenders and creditors for compliance with lending laws, potentially identifying violations that can be leveraged to reduce or eliminate debt. MPowering America also provides personalized financial coaching and education to improve financial literacy and empower clients to make informed decisions. Their services include debt validation, assumption, arbitration, and settlement, as well as federal tax relief assistance and financial protection strategies.
Target Audience
MPowering America primarily serves individuals and families struggling with significant debt who are seeking alternatives to traditional debt relief methods and want to improve their financial literacy.
Features
- Debt validation program that audits lenders and creditors for compliance with U.S. lending laws (C.A.R.D. Act, C.C.P.A. Act, and C.F.P.B.)
- Debt assumption program that submits changes to the terms and conditions of debt contracts
- Arbitration services to address financial disputes, including debts, through a private process
- Debt settlement services involving negotiated agreements with creditors to accept less than the total amount owed
- Federal tax relief services, including consultation, investigation, and resolution of tax debt challenges
- Financial protection strategies using permanent life insurance to safeguard retirement funds
- Credit repair and restoration services to improve creditworthiness
- Personalized financial coaching through the "Change Your Life" program