Achieve announces close of $200.6 million, AAA-rated personal loan securitization
SAN MATEO, Calif., March 20, 2024 /PRNewswire/ -- Achieve, the leader in digital personal finance, announces the March 18 close of an offering of $200.63 million in rated notes backed by Achieve Personal Loans.
- SAN MATEO, Calif., March 20, 2024 /PRNewswire/ -- Achieve , the leader in digital personal finance, announces the March 18 close of an offering of $200.63 million in rated notes backed by Achieve Personal Loans.
- The securitization, ACHV ABS Trust 2024-1PL, includes four classes of rated notes and is backed by 10,757 unsecured consumer personal loans.
- Achieve Personal Loans help individuals responsibly manage high-interest debt by consolidating revolving accounts into easy to manage, more consumer-friendly installment loans.
- Cumulative issuances across all FCCF-sponsored securitizations total over $5.5 billion and total loan originations through the Achieve Personal Loans platform and Achieve Home Loans is approximately $11 billion.