THIS IS AN IMPORTANT PODCAST IF YOU HAVE KIDS, FRIENDS WITH COLLEGE DEBT ….SO PLEASE SHARE
Before I get into the details of this episode some quick links on student debt to share on how Payitoff can help people navigate all the college forgiveness confusion and also refinancing opportunities with API Partner
First of are Student Loan Forgiveness – frequently asked questions
Now back to the show:
I’m excited to have Bobby Matson, founder of Payitoff.io, back on the podcast. The last time he was on the show was in April of 2020, less than a month into the global COVID panic. Since then, 45 million plus Americans with student debt have kicked the can down the road. Until now.
Bobby is a self-taught coder. He and his wife had student loan debt to deal with, so they built a product called Payitoff.io to help sort it out. Their API allows financial apps to empower borrowers with ways to assess and address their student debt while freeing up cash to invest or spend.
And while there’s been a “pause” in repayment, student debt did not go away. The problem was just brushed aside for a couple of years. During those few years, Bobby and his team went and built other debt API products. But as repayments are starting up again, the “phones have been ringing off the hook” as everybody tries to catch up. Bobby and his team stayed in the game, didn’t overspend their VC money, and kept things under control. Full disclosure – Social Leverage is an investor in Payitoff.io
You can listen to the podcast here on Spotify or Apple podcast and now all the episodes are on my YouTube channel as well. You can click subscribe on any of these channels and get the podcast alert each week.
You can also listen right here on the blog:
For more details on today’s conversation read on below…
Guest: Bobby Matson
Profile: Founder, Payitoff.io
Where to Find Him: LinkedIn, Twitter
What’s Bobby Panicked About? All the partner launches we have planned over the next couple weeks.
Show Notes:
- Introduction (00:44)
- Welcome Bobby (08:08)
- What is Payitoff? (08:36)
- COVID hits (10:35)
- Demonstrating category leadership (13:34)
- A good type of panic (15:36)
- Product & Execution (16:34)
- Domain experience & problem solving (17:36)
- Debt relief options (19:26)
- Use case solutions (20:09)
- Expanding beyond student loans (24:44)
- Self-taught coder (25:48)
- Learning to build companies (27:09)
- Trapped with debt (29:48)
- Navigating student loan relief (31:33)
- Avoiding channel conflict (37:31)
- Building the Enterprise (40:56)
- Tailwinds come full circle (43:17)
- Rising interest rates & consolidation (43:31)
- Wrapping up (43:49)
- Closing thoughts (44:33)
© Panic with Friends, 2022. All rights reserved.
Host: Howard Lindzon | Producer: Knut Jensen | Researcher: Pete WeishauptDisclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For full disclosures: https://howardlindzon.com/disclaimer/
