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Verizon, ForgiveCo launch $3M Veteran Debt Relief Program to alleviate hardships for veterans this holiday season

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Verizon and ForgiveCo have announced a $3 million initiative to eliminate consumer debt for veterans across Michigan, Missouri, and Wisconsin. The program will distribute $1 million in debt relief in each metropolitan market of Detroit, St. Louis, and Milwaukee, running from Thanksgiving through Christmas. Each week, $250,000 in veteran debt will be cleared per market for four weeks.

The initiative is supported by partnerships with the Milwaukee Bucks (NBA) and St. Louis Blues (NHL) to amplify awareness. Additionally, Verizon is offering veterans and military members in these regions special savings on mobile or home internet plans, including a $50 bill credit for activating a new smartphone line on select plans.

Verizon e ForgiveCo hanno annunciato un'iniziativa da 3 milioni di dollari per eliminare i debiti dei consumatori per i veterani in Michigan, Missouri e Wisconsin. Il programma distribuirà 1 milione di dollari in assistenza per i debiti in ciascun mercato metropolitano di Detroit, St. Louis e Milwaukee, attivo dal Giorno del Ringraziamento fino a Natale. Ogni settimana, 250.000 dollari di debiti dei veterani saranno cancellati per mercato per un periodo di quattro settimane.

L'iniziativa è supportata da partnership con i Milwaukee Bucks (NBA) e i St. Louis Blues (NHL) per aumentare la consapevolezza. Inoltre, Verizon offre ai veterani e ai membri delle forze armate in queste regioni sconti speciali su piani di telefonia mobile o internet domestico, incluso un credito di 50 dollari sulla bolletta per l'attivazione di una nuova linea smartphone su piani selezionati.

Verizon y ForgiveCo han anunciado una iniciativa de 3 millones de dólares para eliminar las deudas de los consumidores para veteranos en Michigan, Missouri y Wisconsin. El programa distribuirá 1 millón de dólares en alivio de deudas en cada mercado metropolitano de Detroit, St. Louis y Milwaukee, que funcionará desde el Día de Acción de Gracias hasta Navidad. Cada semana, se eliminarán 250,000 dólares en deudas de veteranos por mercado durante cuatro semanas.

La iniciativa cuenta con el apoyo de asociaciones con los Milwaukee Bucks (NBA) y los St. Louis Blues (NHL) para aumentar la concienciación. Además, Verizon está ofreciendo a los veteranos y miembros militares en estas regiones ahorros especiales en planes de internet móvil o en casa, incluyendo un crédito de 50 dólares en la factura por activar una nueva línea de smartphone en planes selectos.

버라이즌ForgiveCo는 미시간, 미주리 및 위스콘신에 있는 재향군인들의 소비자 부채를 없애기 위해 300만 달러 규모의 이니셔티브를 발표했습니다. 이 프로그램은 디트로이트, 세인트루이스 및 밀워키의 각 대도시 시장에서 100만 달러의 부채 완화를 분배하며, 추수감사절부터 크리스마스까지 진행됩니다. 매주 250,000달러의 재향 군인 부채가 시장당 4주 동안 해소될 예정입니다.

이 이니셔티브는 인식을 높이기 위해 밀워키 벅스 (NBA)와 세인트루이스 블루스 (NHL)와의 파트너십으로 지원됩니다. 또한, 버라이즌은 이 지역의 재향 군인과 군인들에게 모바일 또는 가정용 인터넷 요금제에 대한 특별 할인을 제공하며, 선택된 요금제에서 새로운 스마트폰 라인을 활성화할 경우 50달러의 요금 크레딧을 제공합니다.

Verizon et ForgiveCo ont annoncé une initiative de 3 millions de dollars pour éliminer les dettes des consommateurs pour les vétérans du Michigan, du Missouri et du Wisconsin. Le programme distribuera 1 million de dollars d’allégement de dettes dans chaque marché métropolitain de Detroit, St. Louis et Milwaukee, fonctionnant de Thanksgiving jusqu'à Noël. Chaque semaine, 250 000 dollars de dettes de vétérans seront annulés par marché pendant quatre semaines.

L'initiative est soutenue par des partenariats avec les Milwaukee Bucks (NBA) et les St. Louis Blues (NHL) pour sensibiliser le public. De plus, Verizon propose aux vétérans et aux membres militaires de ces régions des économies spéciales sur les forfaits Internet mobile ou à domicile, y compris un crédit de 50 dollars sur la facture lors de l’activation d’une nouvelle ligne de smartphone sur des forfaits sélectionnés.

Verizon und ForgiveCo haben eine Initiative im Wert von 3 Millionen Dollar angekündigt, um die Verbraucherschulden für Veteranen in Michigan, Missouri und Wisconsin abzubauen. Das Programm wird in jedem Ballungsraum von Detroit, St. Louis und Milwaukee 1 Million Dollar an Schuldenhilfe verteilen und läuft vom Erntedankfest bis Weihnachten. Jede Woche werden in jedem Markt Schulden in Höhe von 250.000 Dollar für vier Wochen abgebaut.

Die Initiative wird durch Partnerschaften mit den Milwaukee Bucks (NBA) und den St. Louis Blues (NHL) unterstützt, um das Bewusstsein zu schärfen. Darüber hinaus bietet Verizon Veteranen und Militärangehörigen in diesen Regionen spezielle Ermäßigungen auf Mobil- oder Internet-Pläne für zu Hause, einschließlich eines 50-Dollar-Gutschrift auf die Rechnung für die Aktivierung einer neuen Smartphone-Leitung auf ausgewählten Plänen.

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Initiative provides financial relief for veterans across Michigan, Missouri, and Wisconsin

CHICAGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Verizon and ForgiveCo are proud to announce a transformative partnership to eliminate $3 million in consumer debt for veterans across Michigan, Missouri, and Wisconsin. For veterans in greater Detroit, St. Louis, and Milwaukee, Verizon and ForgiveCo will clear $1 million in debt in each metropolitan market, providing financial relief to Veterans and their families.

Running from Thanksgiving through Christmas, the program will erase $250,000 in veteran debt each week, per market, for four weeks. This goodwill effort is strengthened by the support of Verizon’s partnerships with its major professional sports franchises. The Milwaukee Bucks (NBA) and the St. Louis Blues (NHL) have committed to raise awareness and amplify the impact of this powerful campaign.

"At Verizon, our commitment to veterans transcends words; it is rooted in meaningful action and unwavering support," said Andy Brady, Verizon Great Lakes Market President. "We are incredibly proud to collaborate with ForgiveCo, the Milwaukee Bucks, and the St. Louis Blues, as we join forces to alleviate the financial burdens faced by our nation’s veterans. It is not only our responsibility but also our privilege to honor the extraordinary sacrifices made by those who have served. Together, we are dedicated to creating a brighter future for our heroes and ensuring they receive the support they truly deserve." With more than 8,000 veteran employees, Verizon has been nationally recognized as a Military Friendly company for six years in a row.

ForgiveCo's Chief Revenue Officer, Erik Antico, added, “This partnership speaks to the spirit of giving back to those who have sacrificed so much. By partnering with Verizon and these incredible teams, we’re not only alleviating financial stress for veterans and their families but also reminding them that their service is valued and remembered.”

Verizon is also providing a special offer to all veterans and military members across these regions, allowing them to save on mobile or home internet plans. By activating a new smartphone line on select plans, veterans and military members can receive a $50 bill credit. To check discount eligibility and to get started, visit verizon.com/military or visit a local participating Verizon store for details.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed in 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $134.0 billion in 2023. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, and security.

ForgiveCo is a Public Benefit Corporation that provides business advisory services to corporations, non-profits, and brands for the acquisition, administration, and cancellation of consumer debt, and advisory services in the fields of branding, goodwill creation, and bulk debt management – Transforming debt into goodwill. ™ To learn more about ForgiveCo, please visit forgiveco.com and follow ForgiveCo on all major social media channels.

Media contact:
Andy Choi
(312) 502-2002
andy.choi@verizon.com

Jeff Kew
(234) 350-7883
jeff.kew@verizon.com


FAQ

How much debt relief is Verizon (VZ) providing for veterans in 2024?

Verizon is providing $3 million in total debt relief, with $1 million allocated to veterans in each metropolitan market of Detroit, St. Louis, and Milwaukee.

When does Verizon's (VZ) 2024 Veteran Debt Relief Program run?

The program runs from Thanksgiving through Christmas, clearing $250,000 in veteran debt weekly per market for four weeks.

What special offer is Verizon (VZ) providing to veterans in Michigan, Missouri, and Wisconsin?

Veterans and military members can receive a $50 bill credit when activating a new smartphone line on select mobile or home internet plans.

Which sports teams are partnering with Verizon (VZ) for the 2024 veteran debt relief initiative?

The Milwaukee Bucks (NBA) and the St. Louis Blues (NHL) are partnering with Verizon to raise awareness for the veteran debt relief campaign.

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