We are DebtHammer
Our mission is simple: to help you escape the payday loan trap.
When our Founder, Jake Hill, was 16 years old he lost his first car to a car title loan simply because his family could not afford to repay the loan.
Jake Hill, Founder
Over the years he’s tackled over $100k in student loans, thousands in medical debt, and thousands more in credit card debt.
Fast forward nearly a decade later and after graduating from UT Austin’s McComb’s School of Business with a Master of Science in Business Analytics, he never forgot that feeling of falling victim to a loan that was never designed to be repaid. With a stroke of luck and entrepreneurial fortitude, he founded DebtHammer to help families across the country escape the payday loan trap.
DebtHammer’s services are designed to combat a payday loan industry that thrives on a predatory relationship with low-income borrowers by giving them a real way out of their loans. We understand that the payday loan isn’t the borrower’s first loan. Rather it’s routinely the last loan on a long list of a borrower’s sources of debt. Our goal is to provide help and support to thousands of families who have fallen victim to predatory lending.