Too Good to be True

Artwork by Peter Voth

You always hear if it’s too good to be true, it probably is. Revival lets borrowers buy back and eliminate their delinquent debt for 10% of what they owe. We know, totally sounds like a scam, right? The thing is when we learned how the industry makes money, we realized we could offer people a better deal if we cut out the debt buyers and the people calling you daily to harass you for money..

Let’s talk about the average debt buyer. If you’re here, you probably know that if you don’t pay your debt, after about 6 months, the creditor will sell it to a debt buyer who will try to collect the full amount or give up to a 50% discount.

What you don’t know is that they bought that debt for an average of 4 cents on the dollar. You read that right.

If you owe $1,000, the debt buyer buys it for $40 and then sells you on the “opportunity” to eliminate it at $500. That’s a $460 profit, a 12.5x profit margin, a 1,250% markup! Now, which feels more like a scam?

Revival uses technology and automation to keep expenses low and operations as efficient as possible. This allows us to buy the debt at the same average price as other debt buyers at 4 cents on the dollar, and then sell it back to borrowers at 10 cents on the dollar, giving us a 2.5x profit margin.

We understand why at first Revival seems too good to be true (and with all the scammers out there these days, trust us, we get it!), but when you take a peek behind the opaque curtains of the debt world, you realize that the industry has made people think 50% off is the best deal possible, when in reality, there’s a lot more wiggle room. And we’re here to make that happen.