Experian is eliminating $5 million in consumer debt for 5,000 families in Louisiana through a partnership with ForgiveCo, a public benefit corporation specializing in debt relief, according to an Experian press release. The initiative is part of Experian’s ongoing efforts to support financial literacy and assist consumers facing economic hardship.
Why It Matters
The program is part of Experian’s broader push to help consumers take control of their financial health. Louisiana was chosen due to its high poverty rate—nearly 19 percent of the state’s population lives below the poverty line, according to U.S. Census Bureau data.
By targeting households burdened with consumer debt, Experian aims to give recipients a fresh start while promoting…
