What Lorica does
Lorica automates your debt payoff. You connect your bank and your debts, pick how much to put toward them each month, and Lorica moves the money for you — pulling from your income and paying your creditors in the order that costs you the least in interest.
You set the plan. Lorica runs it.
How it works, step by step
Connect your bank. Lorica uses Plaid to link your checking account and see your income deposits. Your login goes straight to your bank through Plaid — Lorica never sees your credentials.
Add your debts. Lorica uses Spinwheel to pull in your credit cards and other unsecured debts, including balances and interest rates, so your plan is built on real numbers.
Set your contribution. You choose how much goes toward debt each cycle. You can change it or pause it whenever you want.
Lorica automates the rest. Lorica pulls your contribution into your clearing account, then sends payments to your creditors on time — highest-interest debt first (the avalanche method), or smallest balance first if you pick snowball.
Where your money sits
Your contributions land in a clearing account that is yours — an individually-titled, FDIC-insured account at Legend Bank, opened for you through Infinant. Lorica automates the movement in and out. Lorica does not hold your money.
The path is always the same: your bank → your own clearing account → your creditors.
What Lorica is not
Not a lender. Lorica doesn't loan you money or roll your debt into a new loan.
Not a debt settlement company. Lorica doesn't negotiate with your creditors or ask you to stop paying them.
Not credit repair. Lorica doesn't dispute items on your credit report.
Not a financial advisor. Lorica runs the plan you set. It doesn't tell you what to do with your money.
What it costs
One plan, one price: $39/month, or $374.40/year — that works out to $31.20/month when you pay annually. Billing runs through Stripe. No setup fees, no per-payment charges.
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