Loansettlement.com

Loansettlement.com is an innovative fintech company with the mission to help people in financial distress come out of their debt traps. Their debt relief or "Loan Settlement" service provides an opportunity to escape loan/debt traps without paying the full amount owed. The process involves five phases: Check Eligibility, Enrol, Save, Negotiate, and Settle. Clients are required to share information about their unsecured debts with Loansettlement.com's counsellors to check eligibility for debt settlement, after which they select a suitable plan and sign a legal agreement. They then start saving through automatic monthly transfers into an Escrow account, allowing the company to handle communication with creditors. Once enough funds build up, the company negotiates with creditors to settle the loans for significantly less than the outstanding amounts, striving to get the best savings possible and settle the loans after clients' approval. Based in India, the company's last investment and investors are not disclosed. Loansettlement.com aims to provide individuals with a practical solution to navigate debt burdens effectively, demonstrating potential in the rapidly expanding fintech market.