Fintech startup LendStreet helps consumers who become over leveraged and cannot handle the debt load they have acquired; it negotiates with creditors to reduce the debt by an average of 30%; this way the consumer can avoid bankruptcy and the lender will potentially receive more money back than they otherwise would; CEO Jerry Nemorin says, “Our focus is helping banks recover as much as possible, while rebuilding customers so they can come back into the financial system.” Source.
