Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Are you facing any of the following?

What types of debts do you have in collections?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be between 18 and 99. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize services and you are under no obligation to purchase anything.

If you have a looming student loan tab to repay, take note. Cash back apps offer an easy new way to help repay your student loan debt. Even better, you only have to sign up for a service and make the same purchases you make every day! It makes student debt repayment part of daily spending, so you don’t even have to think about it.

What is a cash back app?

Cash back apps are a new type of spending tool that give you incentive to make purchases with certain retailers and merchants. It’s similar to a cash back reward program on a credit card. But in this case the cash back has a specific purpose to repay a student loan.

How does cash back student loan repayment work?

  1. You sign up for a cash back app that has an option for student loan repayment.
  2. You tie one or more debit and credit cards to your account – the more cards, the better.
  3. Then you choose to use the money you earn to pay off a specific student loan.
  4. As you make purchases at participating retailers you earn a certain percentage of cash back
  5. Those earnings are transferred to your student loan account, allowing you to reduce your debt as you shop.

The Advantages of Cash Back Student Loan Repayment

Cash back apps are great because they allow you to earn on purchases you already make in your daily life. They also stack on top of the cash back rewards that you may earn with a credit card.

So let’s say you have a Chase Freedom® credit card and you tie it to a cash back app like EvoShare. Then you use that credit card to make a purchase from Groupon. Chase Freedom may give you 4% cash back on the purchase; then you earn 10% cash back from EvoShare that’s transferred to your student loan account. Your purchase that you would have made just became even more valuable to you.

Cash back applies regardless of what type of loan you have

Whether you have a Federal Direct Consolidation Loan, an old FFEL Loan, a State-Based Perkins Loan or even a private student loan, it doesn’t matter. The cash back app can be linked to any student loan account. This can be a big advantage if you have loans that aren’t easily consolidated or that aren’t eligible for federal repayment programs.

Essentially, you can use a cask back app to supplement your regular monthly payments. This accelerates the elimination of that debt. You don’t even spend any additional money to do it. So you don’t have to look for things to cut in your budget to speed up student loan repayment.

After you finish, you can divert the cash back to retirement savings

Cash back apps can also be tied to retirement savings accounts and investments, depending on the app you use. That means once you repay your student loan debt, you can immediately switch the service over to being contributing to your retirement. Essentially, the service evolves to fit your needs as you accomplish certain financial goals.

You don’t have to graduate to use it

Many options for student debt relief require to you be out of school before you can use them. For example if you have unsubsidized federal student loans, you can pay interest charges while you attend school. However you can’t consolidate the debt with a Direct Consolidation Loan until after you graduate.

By contrast a cash back app can be tied to any active student loan account. In other words, you can tie the cask back app to a student loan while you’re in school. Then you can use it to pay off interest charges since you may not be working while you pursue your degree.  This allows you to minimize the debt you generate during school so you have less to pay back.

It can be used in combination with other solutions

Unlike other student debt relief options, this can be used in coordination with other solutions. It also doesn’t affect your eligibility for federal relief options like Public Service Loan Forgiveness and income-based repayment plans. That gives you an edge, because you can use this to create a multi-level repayment strategy. You speed up repayment so your debt can finally be paid off and you can move on to other goals.