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> It's ridiculous to suggest that an app that sends reminders of court dates will make an impact on any of these problems. I listened to a podcast with the fou
by ericb 7y ago
> It's ridiculous to suggest that an app that sends reminders of court dates will make an impact on any of these problems.
I listened to a podcast with the founder. She was impressive.
In terms of the impact of reminders, you'd be surprised. One of the student loan guarantors tried a model where they were paid more if they kept people paying their loans. Their program was very successful with just well-timed reminders and calls. It was pretty amazing.
- travisjungroth 7y agoNot surprising that she was impressive. I’d argue that’s the biggest trait being a founder selects for.
- ericb 7y agoSource: https://www.asa.org/about-us/ https://www.asa.org/about-us/ "...By proactively reaching out to borrowers at risk of delinquency and default, ASA helped to avert more than $120 million of loan defaults before the program was eliminated by the Department of Education."