Erase Debt. Restore Hope.
Overdue Freedom Project buys portfolios of distressed consumer debt for pennies on the dollar… and forgives them completely.
We buy debt.
We forgive it.
Recipients pay it forward.
At Overdue Freedom Project, we purchase portfolios of consumer debt that have been sold, resold, and often ignored by the very people who once issued them. These debts are usually bundled together into large portfolios and sold for only a fraction of their original value. Traditional debt buyers purchase them to collect and profit, but we buy them for a completely different purpose. Our mission is to intercept this debt before it lands in the hands of aggressive collectors and remove it from the system entirely. Every donation we receive helps us acquire more debt at significantly reduced rates, allowing us to stretch each dollar of support into meaningful, measurable impact. When we buy these portfolios, we immediately begin the process of forgiving them, ensuring that the individuals listed are no longer pursued, harassed, or stressed by these burdens that have followed them for years.
Once the debt is in our hands, everything changes. Instead of being treated as a financial asset to squeeze value from, it becomes an opportunity for healing, relief, and protection. At Overdue Freedom Project, forgiveness isn’t just a policy; it’s a promise. The moment we acquire a debt portfolio, we begin the formal process of retiring it permanently, removing it from circulation so it can never again be bought, sold, or used to pressure the individuals attached to it. This means no more collection calls, no more threatening letters, and no more fear every time the phone rings. Our team handles all of the administrative steps required to close the account responsibly and transparently, ensuring that each person receives written confirmation that their debt has been cleared. What once felt like a lifelong burden becomes a fresh start, untangled from years of shame, stress, and anxiety. When we forgive debt, we give people back something no collector can offer. Peace of mind, dignity, and the freedom to move forward without the weight of the past holding them down.
When someone learns that their debt has been forgiven, it often creates a sense of relief that is hard to describe. For many, it feels like the first deep breath they have taken in years. We never require repayment and we never attach conditions to forgiveness, but we do extend an invitation. Those who are able are encouraged to contribute back into the fund that made their own relief possible. Even a small amount goes a long way because the debt we purchase costs only pennies on the dollar. Their contribution helps us acquire and retire more debt, setting off a cycle of generosity that grows with each person who chooses to participate. This model keeps the mission sustainable, fueled not by pressure or obligation but by gratitude, compassion, and the desire to help someone else experience the same freedom they just received. In this way, recipients become part of the movement, not as debtors, but as partners in restoring dignity and hope to others.
Why it works
The reason our model works is because the economics of the debt industry are fundamentally different from what most people imagine. Old or charged-off debt is often sold in bulk for a very small fraction of its face value, which means that a modest amount of donor support can clear a surprisingly large amount of debt. Instead of paying collectors, lawyers, or agencies to keep chasing people who cannot afford to pay, we use the same purchasing channels to reclaim that debt and retire it forever. This approach multiplies the impact of every donation and turns traditional debt collection upside down by removing the profit motive entirely. It works because we intervene at the exact point where debt is cheapest and most vulnerable, and we use that leverage for relief rather than pressure. The result is a model that is efficient, transparent, and deeply compassionate. It gives people the freedom they need, while giving donors the confidence that their contribution is producing real and measurable change.
Effecient
We maximize every dollar by purchasing debt portfolios at a fraction of their original value. This allows small contributions to create life-changing impact for the people we serve.
Ethical
We refuse to participate in the profit-driven cycle of debt collection. Every account we purchase is forgiven completely, with dignity at the center of every decision.
Transparent
We operate with total clarity in how debt is purchased, forgiven, and funded. Donors and recipients can trust that every action we take aligns with our mission and values.
