Lend Street Financial, Inc.
Lending platform that helps distressed debtors restructure debt and enable investors to buy the debt from the creditors at a discount.
LendStreet combines credit counseling and distressed debt buying in a lending platform to help distressed debtors restructure and refinance existing debt into a low interest loan. However, borrowers do not receive cash – instead, the money goes to directly pay the existing creditors, at an agreed upon discount. The discount is shared with the debtor in the form of lower debt, lower interest rate, and monetary incentives for financial literacy.