How LendStreet Helps Consumers Deal With Unsustainable Debt

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.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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