Company Research Report: Deferit
Company Overview
- Name: Deferit
- Mission of the Company: To help people pay their bills without incurring late fees, through a simple, easy-to-use budgeting tool that allows payments upfront or in four flexible installments. Deferit aims to eliminate interest, establishment fees, annual fees, and late fees.
- Founded: No information is available.
- Founders: No information is available.
- Key People in the Company: No information is available.
- Headquarters: United States
- Number of Employees: No information is available.
- Revenue of the Company: No information is available.
- What the Company is Known For: Deferit is renowned for providing a platform that enables customers to manage bill payments with flexibility, avoid late fees, and build credit by reporting payments to major credit bureaus.
Products
Deferit offers three main features designed to assist with bill management:
1. Pay Bills in 4
- Description: This feature allows users to pay any type of bill in four flexible installments, providing budgeting freedom without accruing interest or late fees.
- Key Features:
- Bills can be paid upfront or in installments every two weeks.
- Simple membership model with a monthly fee.
- No hidden costs associated.
2. Credit Builder
- Description: A feature that allows users to build their credit history by reporting every bill payment to credit bureaus such as TransUnion®, Experian®, and Equifax®.
- Key Features:
- Helps improve and build credit with each bill payment.
- Available in all states.
3. Bill Savings
- Description: This feature aims to help users save over $200 on their bills annually by negotiating better deals with bill providers.
- Key Features:
- Expert service negotiates on behalf of users to lower bills.
- Users can send bills they want lowered, and Deferit handles the rest.
Recent Developments
- Recent Developments in the Company: No specific recent developments have been mentioned.
- New Products Launched: No new products have been reported.
- New Features Added to Existing Products: No new features to existing products have been cited.
- New Partnerships: No information is available on any new partnerships.
Customer and Market Interaction
Deferit proudly announces having over 500,000 happy customers, with high ratings:
- 4.9/5 on Facebook
- 5.0/5 on Google
- 4.9/5 on App Store
Deferit also provides testimonials from customers who commend the ease and reliability of their service for managing bills and avoiding unexpected fees.
Terms of Service
- Membership Fee: $14.99 monthly, with no lock-ins.
- Processing Fee: Each payment incurs a processing fee of $0.99.
- Eligibility: The "Split bills in 4" feature is subject to eligibility and available in select states; the company informs users based on their address during onboarding.
For more information, interested parties can contact Deferit via their media email or explore their blog for financial management tips curated by their team.
Combining bill management with credit improvement and savings, Deferit is positioned as a pivotal service for individuals managing multiple bills with varying payment schedules, offering financial convenience and empowerment.
