Debbie App is building a rewards platform for debt repayment

Roommates, when it comes to debt, it’s something a lot of people struggle with. According to Forbes, in the first quarter of 2022, consumer credit card debt increased to $841 billion. With so many Americans struggling to pay off their debt, Frida Leibowitz, Rachel Lauren and Maxime Fourmault are working to help Americans reduce their credit with the Debbie foundation.

Forbes reports Debbie as a “habit-changing rewards platform” that leverages behavioral psychology to create financial products that provide users with a path towards a healthier financial future. To circumvent it, Debbie will essentially let you “get paid to pay off your debt.” Here’s how it works! This app is a rewards platform for debt settlement, helping users to have positive net worth and cash flow.

This app is based on Cognitive Behavioral Therapy and behavioral psychology. This is just to help users get detailed information about their spending habits, gradually changing the behavior of spenders. “A lot of FinTech apps now provide financial wellness tools,” said Adam Moelis, Co-Founder of Yotta and one of Debbie’s angel investors. But they often focus on short-term relief rather than building long-term financial habits.”

He adds, “Debbie uses behavioral psychology concepts to create a personalized, engaging, and accessible journey to get out of debt for those struggling with the cycle of debt. , greatly increasing their chances of achieving long-term success.”

Users can also look forward to products and services that encourage debt repayment, help save money, and help users build lasting wealth through home ownership, investments, and future retirement. Currently, the website shows that the app is launched in beta, by invitation only. However, interested individuals can request to join their waiting list.

Roommate, would you like to get the Debbie app?

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