Freddie Mac and InCharge Debt Solutions, a non-profit credit counseling service, are providing a limited number of low- and moderate-income borrowers access to a platform designed to assist them in managing their outstanding loans. EarnUp is an online solution that helps borrowers manage loans, and provides personalized recommendations on how to pay down debts.

“The increasing rate of consumer debt and the low homeownership rate lead us to believe average Americans can use help managing their debts,” said Danny Gardner, vice president of affordable lending and access to credit in Freddie Mac’s Single-Family Business. “Offering free access to EarnUp’s technology is one of the many ways we’re building on our broader community mission, which includes our efforts to stabilize communities, responsibly expand credit and educate borrowers.”

InCharge is part of Freddie Mac’s network of 14 Borrower Help Centers and the national Freddie Mac Borrower Help Network. These housing counseling agencies support Freddie Mac’s commitment to preparing prospective home buyers for long-term sustainable homeownership and helping struggling borrowers, including those with Freddie Mac-owned mortgages, avoid foreclosure.

EarnUp clients can have money pulled their accounts on payday, helping to ensure that consumers stay current on their loans and avoid late fees. Clients can manage all their loans in one place using EarnUp and receive personalized recommendations on how to pay down their debts. EarnUp has received funding from Blumberg Capital, Kapor Capital, Camp One Ventures and others.

“Our experience shows that people are more likely to stay current on their loan payments if we make it quick and easy for them to do so,” said Matthew Cooper, co-founder and CEO of EarnUp. “EarnUp is proud to be working with InCharge Debt Solutions and Freddie Mac to provide technology solutions that can help consumers improve not only their credit scores but also their overall financial health.”