Jerry nemorin has witnessed firsthand two of the most monumental disasters of the last 10 years — one financial and one physical. Just two years later, he saw the heartbreaking toll of the 7. Experiencing the aftermath of both events inspired him to help more people find a way toward recovery and self-reliance after a catastrophe.
Nemorin realized that individuals needed a better, structured way to rebuild their lives. With LendStreetwe are empowering consumers by giving them the tools to resolve their financial problems.
Lab Incubator, a program that provides support and funding to aspiring entrepreneurs. By using successful corporate methods, LendStreet helps borrowers restructure and refinance their debt at a lower interest rate.
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The company then sets up a more manageable payment plan for its clients tailored to their individual circumstances.
Visiting Haiti after the earthquake, Nemorin was humbled and by the resilience of the Haitian people and their desire to rebuild. It uses restructuring tactics for borrowers who have demonstrated a commitment to long-term recovery and financial responsibility.
Understandably, many of its clients are people who once had a good credit score, but are having trouble
Jerry nemorin from a devastating financial event. A recent Bankrate study supports his claim.
It found that only 38 percent of Americans have enough money in their savings accounts to cover large unexpected expenses like emergency room bills or car repairs. LendStreet offers people an alternative to bankruptcy and debt settlement, both of which carry a long-term negative impact.
Having a realistic plan in place relieves stress and gives consumers a chance to look toward
Jerry nemorin future. LendStreet not only
Jerry nemorin people get out of debt, but also aims to break the cycle of bad financial decision-making. View Jerry Nemorin’s full profile....
To further that goal, LendStreet is in the early stages of developing an educational element to its lending platform to help borrowers
Jerry nemorin control of their finances. The company plans to add a budgeting app as well as online learning modules on financial literacy.
It will even incentivize clients to use the learning
Jerry nemorin by offering rebates for each one completed. So far, LendStreet has helped borrowers in four states restructure and refinance their debt, with plans to expand nationwide.
Asked for his advice to other socially conscious entrepreneurs, Nemorin suggests looking for underserved populations. Lending Solutions For All Consumers Jerry Nemorin has witnessed firsthand two of the most monumental disasters of the last 10 years — one financial and one physical.
This article originally appeared on UVA Today. Engage with ideas that matter with Jerry Nemorin "Jerry nemorin" the Aspen Ideas Festival.
Jerry Nemorin has witnessed firsthand...
Mr. Jerry Nemorin co-founded Lend Street Financial, Inc. in and serves as its Chief Executive Officer. Mr.
Founder & CEO at LendStreet....
Nemorin is responsible for developing the. View "Jerry nemorin" Nemorin’s full profile. LendStreet, based in Oakland, California, launched its debt restructuring lending platform in LendStreet is then able to issue a new loan with significantly lower monthly payments that are within the borrower’s reach.