back Back

Debt Trap? : 3 platforms that offer solutions to safeguard yourself

By Leandra Monteiro

February 02, 2023

  • BNPL
  • Card Payments
  • Credit Card
Share

DebtGiven how often consumers enjoy using their credit cards to pay for vacations, cell phones, and other items that could have been purchased with wise investments, it turns out to have a catastrophic after-effect. A heap of debt follows. In India, a growing number of people are turning to debt management plans as a solution as they drown in debt, deal with obnoxious harassment, and have their credit scores negatively impacted. Through a variety of tailored plans and, occasionally, by providing solutions, debt management plans to assist in reducing the risk of default. Millennials can benefit from some debt management platforms, including:

Freed, a startup focused on debt relief, offers an individual loan consolidation scheme. The program targets people who are mired in expensive personal loans and credit card debt. They provide consolidation options, however, Credit Cards, BNPL loans, App loans, etc. have extremely high-interest rates that many uninformed borrowers are unaware of. By combining the advantages of lower interest rates and longer terms, the company is able to give every borrower a lower EMI.

SingleDebt is a debt management firm that provides a cost-effective solution. The program is designed specifically for individuals who are struggling with credit management and searching for a trustworthy method to pay it off. The name represents a vast array of reasonably priced, skilled, and complete services. This start-up provides all services, including debt management, business debt management, loan settlements, paralegal services. Their internal specialists provide clients with reasonably priced debt management and control services. Additionally, they are one of the best firms that offer legal advice from in-house attorneys.

Loansettlement is led by a team of successful businesspeople with degrees from prestigious universities in the United States such as MIT, IIT, and IIM. They have over 30 years of experience as business owners in a number of industries, such as consulting, online education, and the management of careers all over the world. The most successful debt relief and settlement company in India, supporting individuals who seek aid to break free from the grip of their financial obligations. They offer settlements for a variety of debts, including credit card debt, personal loans, debt cancellation, and so on.

ALSO READ: Global Lending Vendors & Landscape Report Q4 2022

Previous Article

February 01, 2023

5 FinTech partnerships that occurred in Europe in January 2023

Read More
Next Article

February 02, 2023

Octaura completes first fully electronic syndicated loan trades

Read More










IBSi Daily News Analysis

Indonesia payment

March 22, 2023

BNPL

Cyber risks surge with Indonesia’s evolving payments landscape

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Enfuce and Science Card launch payments card to boost research funding

Read More

Today

DIGISEQ teams with Curve to bring passive wearable payments to Europe

Read More

Today

Money Q Fintech Solutions brings E-Wallet & Remittance services to Africa

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q4 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q4 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q4 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q4 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022