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July 27, 2011 12:57 am GMT
It hardly a fun topic to discuss, but it's the harsh reality that a lot of people out there have significant outstanding debt "many of whom won't be able to pay back what they owe on time. In fact, there are so many people out there dealing with these issues that it's given rise to the multi-billion dollar debt consulting industry, which serves as an intermediary between the banks and their customers.Now a Y Combinator-funded startup called Debteye is setting out to make that industry largely irrelevant. A tough goal, to be sure, and one that will be difficult given how much trust Debteye will have to gain before people trust it as much as a professional debt consultant. But they're going for it.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XFVRLE8x-7M/
YC-Funded Debteye Wants To Be Your (Much Cheaper) Credit Counselor
It hardly a fun topic to discuss, but it's the harsh reality that a lot of people out there have significant outstanding debt "many of whom won't be able to pay back what they owe on time. In fact, there are so many people out there dealing with these issues that it's given rise to the multi-billion dollar debt consulting industry, which serves as an intermediary between the banks and their customers.Now a Y Combinator-funded startup called Debteye is setting out to make that industry largely irrelevant. A tough goal, to be sure, and one that will be difficult given how much trust Debteye will have to gain before people trust it as much as a professional debt consultant. But they're going for it.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XFVRLE8x-7M/
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