Our goal

Here at Restore, our goal isn’t just to help pay off a defaulted account. We want to give you a valuable shopping experience while you shop for the things you need. We know it’s tough to stick to a budget, especially if your income isn’t consistent but if you can apply just a little bit of this advice, you’ll be on the road to success and you definitely won’t come face to face with another charge-off.


STEP 1: Know your expenses + create a budget

We like the 50/20/30 rule,  it helps identify your current spending into three main categories.  Use our guide below to help establish a balanced budget based on needs instead of wants. Once you can establish good habits you’ll feel good about your spending and you’ll become a budgeting pro! You don’t need a high income to follow the 50/20/30 rule; anyone can do it.


Use 50% of your income for household essentials and utilities. This might seem like a high percentage (and, at 50 percent, it is), but once you consider everything that falls into this category it begins to make a bit more sense. To be clear, your essential expenses are those you would almost certainly have to pay, regardless of where you lived, where you worked, or what your future plans happen to include. These are things like housing, food, transportation costs, utility bills and fixed life items like toothpaste, toilet paper, razors and food.

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STEP 2: Enhance your Essentials spending, and earn 50% back, by using Restore™


Now that you have determined how much your spending on personal expenses you can enhance your current spending power by shopping at letsrestore.com where you can purchase everyday essentials from major retailers like Walmart, Target, Sam’s Club and Macy’s. We give you 50% back, in non-cash RestoreBucks, which Restore will automatically put towards your eligible [defaulted] account. Spend $100 on toothpaste, razors, deodorant, dish soap, laundry detergent, clothing, etc. and we credit your account with 50 RestoreBucks™.  Although RestoreBucks can’t be redeemed for cash, 1 RestoreBuck will be used to pay off $1 of debt.


Following these simple steps will help you establish a financial plan by setting achievable goals. You’ll have a foundation built for good spending habits and you’ll be able to pay back your eligible account while getting the things you need delivered straight to your door. Let’s be honest, paying off bills feels good, you should be proud.



A Simple Thanks

It makes our hearts so full knowing we work hard every day to make [your] lives a little less stressful. The past month we’ve received countless letters and calls expressing such gratitude for helping others in a time of need.

Paying off [defaulted] debt is stressful which is why our founder set out to find a new way to pay off collections. “The industry needs some modernizing and we are starting with this simple, yet disruptive concept”. Shop for everyday essentials from any of our participating retailers at www.letsrestore.com and we’ll pay you 50% back in RestoreBucks™.  The RestoreBucks™ earned are accepted just like a cash payment and are used to pay off your eligible, defaulted account.

Let’s say you spend $100 on toothpaste, razors, deodorant, dish soap, laundry detergent, clothing hangers and snacks, we’ll give you 50 RestoreBucks. 1 RestoreBuck™ is equal to $1 towards an eligible [defaulted] account. If your eligible account balance is $1,200 your remaining balance is $1,150. When the account balance is $0, it’s reported to credit bureaus as paid-in-full. [woohoo

Over 77 million people have an account in collections. Our mission is to help you pay back your financial obligations and work towards a successful future without interrupting your life.

Together we can make a difference. We’re excited to grow and continue to help make a dent in our country’s debt crisis because our future is all we have. 

It all starts here, letsrestore.com

Budgeting Your Daily Essentials

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But, what exactly does the word essentials mean to you? An essential could be a lot of different things but it is something that is absolutely necessary.

So, what are the items that you can’t live without? We aren’t talking about that cute little knickknack you’ve been fawning over for your computer desk.  We’re talking about things you literally can’t live without. Some might include food, toothpaste, shampoo, conditioner, toilet paper, diapers, laundry detergent, dish soap etc. Have you ever budgeted to see how much you spend per month on these daily essentials?

Here is a tip, track your expenses for an entire month. There are tons of free apps out there such as Mint, Fudget and Spendee that can be used as tools to help you learn more about what you spend your money on.

Once you figure out where you’re cash is going, set a goal, learn how to separate your expenses. What do you need and what do you want? Divide the categories into two buckets: wants and needs. Don’t forget expenses like insurance, mortgage payments, rent and anything else that might not be included in your monthly statements. We’d place insurance and a basic phone plan under needs, but a Netflix subscription and deluxe cable package will more than likely fall under wants.

Tip of the day: When creating your budget, never forget to pay yourself!

NerdWallet has a pretty awesome budget calculator that includes a suggested budgeting breakdown. If you distribute your monthly income in this fashion, you would spend 50% on needs, 30% on wants and 20% on savings and paying off debt. The only difference here is your 50% spend will have the power to pay off your debt while using Restore! This will allow you to allocate some more spending elsewhere.

Plug your monthly take-home income into this budget calculator to determine how much you have available for each category.

If your current spending is disproportionately based on the list you made, there’s good news: You can make adjustments and remember, you don’t have to totally cut out all of your wants but definitely stay aware of where you’re money is going and consider downsizing them if it looks like you’re overspending.

The reality is, skipping or not skipping the latte will not change your life. Neither will a splurge on the fluffier toilet paper or even spending a little extra on that wedding gift. But strings of decisions do matter. If you eat every meal out, buy only the finest home staples or make a habit of indulging your every gifting whim, the costs add up.