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| Company type | LLC |
|---|---|
| Industry | Credit (finance) |
| Founded | Tempe, Arizona, United States (2022) |
| Headquarters | 2114 E Achieve Way, Tempe, AZ 85281 |
Area served | United States |
Key people | Andrew Housser, Co-CEO; Bradford Stroh, Co-CEO |
| Products | [[Personal loan] [Home Equity Loan][Debt Resolution]] |
Number of employees | 2800 (2024) |
| Website |
www |
Achieve is a digital personal finance company headquartered in Tempe, Arizona providing fixed rate personal loans from $5,000 - $50,000. [1]
Achieve will focus on “emerging prime” borrowers with a minimum FICO score of 620. The maximum loan amount will be $50,000 and the maximum interest rate will be less than 35.99%, with flexible loan terms of two, three, four or five years. [1]
The company will use traditional underwriting tools, such as credit scores, when underwriting loans. It will also use a significant human component and talk with borrowers to verify information and understand the goals they wish to accomplish with the loan, to try to find loans that fits borrowers' specific needs. [2]
Achieve is a growing company in Tempe, Arizona rated best employer in 2022 [3] [4] and 2023 [5] providing $400,000 in grants to non-profits [4] including Habitat for Humanity Central Arizona where Linda Luman (EVP, Human Resources - Achieve) was added as a board member. [6]
History
Inception The parent company of Achieve, Freedom Financial Network, started a pilot program in 2008 that made unsecured loans to consumers struggling with their existing debt. The company lent $25 million to people who had average FICO scores of 576. Average loan balances were greater than $15,000, and annual default rates were less than 2%. Interest rates are 3.75% above prime consumer debt rates. [2]
Name Change In November 2022, FreedomPlus changed its name to Achieve. [7]
Leadership
- Andrew Housser, Co-CEO and Co-Founder
- Bradford Stroh, Co-CEO and Co-Founder
- Linda Luman, Executive Vice President of Human Resources [6] [8]
Past Leadership
- Joseph Toms, President (FreedomPlus) 2013-2022
See also
References
- ^ a b Roth, Emily (May 31, 2024). "Achieve Personal Loans Review". U.S. News & World Report.
- ^ a b Brustein, Joshua (December 11, 2013). "Banks Aren't Lending Enough. Can Startups Do Better?". Businessweek.
- ^ Blye, Andy (December 8, 2022). "Best Places to Work 2022: Culture evolves at Achieve as the company grows". Phoenix Business Journal.
- ^ a b "Best Employers in Arizona - Achieve Diversity & Community". Best Companies Arizona. September 21, 2022.
- ^ Thorburn, Erin (July 25, 2023). "Most Admired Companies of 2023: Achieve". AZ Big Media.
- ^ a b Parsons, Dusty (January 12, 2024). "Habitat Welcomes Two New Board Members". Habitat for Humanity Central Arizona.
- ^ Ostrowski, Stephen (November 29, 2022). "New Identity, Same Mission: What This Fintech Wants To 'Achieve' With Its Recent Rebrand". Built In, Inc.
- ^ Thorburn, Erin (July 25, 2023). "Most Influential Women: Linda Luman, Achieve". AZ Big Media.