Progressa Provides Debt Relief Milestone For Canadians

Progressa, has surpassed the $100 million milestone in funded loans for underserved Canadian consumers.

Since 2013, Progressa has helped tens of thousands of Canadians improve their financial health by:

  • paying off outstanding collections items
  • improving their credit
  • and getting back to living their life.

Since inception, over 9 out of 10 new customers who have paid off their collections with Progressa have seen a positive or neutral credit score migration.

In addition, going back to 2017, the Company has had the most consistent industry leading Net Promoter Score (NPS), representing customer satisfaction, which is currently in excess of 50.

Ali Pourdad, CEO commented, “…Progressa is about our customers borrowing for the right reasons and rebuilding their financial futures. We are most proud that, along with the $100 million we have now surpassed, we’ve given our customers just as many reasons to rid themselves of their debt, and more importantly, their emotional stress. This allows them to begin to focus on a positive financial future.

As Canadian household debt continues to trend in the wrong direction, Progressa’s mission will continue to revolve around helping well-intentioned Canadians find an avenue to get out of debt and rebuild their credit.”