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CLOSE Manage Debt Debt Resolution Reduce debt & stress Debt Consolidation Consolidate and reduce debt Achieve GOOD App Get out of debt faster Debt Payoff Calculator Estimate your debt payoff cost Find Loans Personal Loans Personalized lending Home Equity Loans Built for homeowners Acceleration Loan Accelerate your resolution program Be Savvy Dollars & Sense Make sense of your money Articles Gain financial insight Achieve MoLO App Manage your money better Debt-to-Income Ratio Calculator Learn your debt-to-income scenario Meet Us About Achieve Our mission & culture Member Stories Meet our members Employee Stories Meet our passionate team Press Room Achieve in the news Blog Our latest updates & insights Partners Work with Achieve Careers Join Team Achieve Contact Us Let’s connect Sign in ACCELERATION LOAN The fast way to finish your debt resolution program An invite-only acceleration loan that knows you’re more than a credit score. $3 Billion+ in acceleration loans to members 4.8/5 Trustpilot star rating 1.5 months average time to finish debt resolution 1 ELIGIBLE MEMBERS INVITED ONLY Put debt resolution on fast-forward Speed up debt resolution End your resolution program within a few short weeks once approved. 2 Consolidate enrolled debt Simplify your debt with an affordable, fixed-rate consolidation loan . 3 Move finances forward Take control of your debt and meet your financial goals sooner. HOW IT WORKS 3 steps to accelerate your debt resolution program STEP 1 Get invited and apply To be eligible, you must be a current member in good standing with an approved debt resolution program. A Loan Consultant will invite you to apply . They’ll answer your questions and help you through your application. Not in a debt resolution program? Learn more STEP 2 Resolve enrolled debts If you’re approved, your loan funds are used to resolve your outstanding enrolled debts and program fees. STEP 3 Start repaying your loan Once all your debt is settled, your debt resolution program is complete, and you can start making fixed monthly repayments for your loan. Not in a debt resolution program? Learn more MEMBER STORIES We had Wanda’s back Achieve was easy to work with...it makes you feel so good that you have someone out there that can help.” – Wanda A., Achieve member 4 Total debt consolidated $15,829 Debts consolidated 5 Time to debt-free 1 month Member since 2020 ACCELERATION LOAN BASICS How does an Achieve Acceleration Loan work? How do I qualify for an acceleration loan? An acceleration loan is an invitation-only loan for eligible members who are currently enrolled in select debt resolution programs. To be invited to apply for a loan, you must demonstrate an ability to make consistent deposits in your debt resolution program account, in addition to other factors. How do I apply for an acceleration loan? Here’s how to apply for an acceleration loan: Apply with a Loan Consultant After a Loan Consultant contacts you to discuss your loan option, we will offer you a loan application and guide you through the process. Get a decision in 1-3 business days Once you complete the application and submit any required documents, we will review your application over the next 1-3 business days and determine if you qualify for a loan. Review your loan offer If you’re approved, a Loan Consultant will contact you with your loan offer that has a rate and term customized to fit your financial situation. Accept your offer Congrats! All you have to do is accept the offer to start funding your loan. Pay outstanding debt with loan We’ll contact your debt resolution provider and work with them to accelerate your debt resolution program and consolidate your debt in 1.5 months on average after you sign the loan offer. Why should I apply for an acceleration loan? If approved for an acceleration loan, your Loan Consultant will help you understand how the loan works alongside your debt resolution program, and help you evaluate whether a loan is right for your situation. There are many benefits to an acceleration loan, but here are a few: Benefits Complete your debt resolution program early Consolidate your enrolled debt into one fixed-rate loan Consistent monthly payment, no prepayment penalty Stop creditor collection calls Apply for a loan at no cost and with no obligation Acceleration Loan FAQs Is there a prepayment penalty for an acceleration loan? There are no penalties for paying off your loan early. And since our acceleration loans have fixed rates, your rate will never increase during the life of the loan. Can I qualify with bad credit? Even if you have bad credit, you could be eligible for an acceleration loan. Credit score is not a major factor that we consider when deciding who is eligible for an acceleration loan. However, your commitment to your debt resolution program is an important consideration in determining eligibility to apply. How does an acceleration loan work when I am already enrolled in a debt resolution program? With an acceleration loan, the proceeds are provided to fund your debt resolution program and accelerate the negotiation and settlement process. After that, your debt resolution program is complete, and your payments for that program will end. Finally, you’ll begin making payments for your acceleration loan instead. Acceleration Loan related articles Resolve Debt What is an acceleration loan and how could it help you? If you’re in a debt resolution program, an acceleration loan could help you resolve your enrolled debts even faster. Resolve Debt What is debt resolution and how can it help you? Debt resolution can be a lifeline, offering a simple path to a better financial future. Resolve Debt How does debt resolution work? If you can’t afford to fully repay your debts, your creditors might agree to reduce the amount you owe. Find out how. Debt Consolidation What is debt consolidation? Consolidating could lower the cost of your debt or make it easier to manage (or both). Debt Consolidation Personal loan for debt consolidation Kondo your debt with a personal loan. Tidy up your finances and discard debts that don’t bring you joy. At Achieve, we’re always moving you forward Achieve is the leader in digital personal finance, built to help everyday people move forward on the path to a better financial future. Manage Debt Resolution Debt Consolidation Achieve GOOD App Debt Payoff Calculator Find Loans Personal Loans Home Equity Loans Acceleration Loan Be Savvy Dollars & Sense Articles Achieve MoLO App DTI Ratio Calculator Meet Us About Achieve Member Stories Employee Stories Press Room Blog Partners Careers Contact Us Important Info Policies Privacy CA Privacy Licenses Statistics reflect the results of the members we and our affiliates have served since 2002 (as of Dec 2023). Individual results can vary. Personal loans are available through our affiliate Achieve Personal Loans (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank or Pathward®, N.A., Equal Housing Lenders and may not be available in all states. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states. Minimum loan amounts vary due to state specific legal restrictions. Actual members of Achieve. Members endorsements shown may be made up of paid and non-paid testimonials. Individual results are not typical and will vary. © 2024 Achieve.com. All rights reserved. NMLS...