B2B Litigation Funder LegalPay Launches Debt Defense Plan for Consumers Scammed by Chinese Loan Apps

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LegalPay, India’s leading litigation financing company focused on businesses, has launched Debt Defence, a plan designed to provide premium services to individual or retail consumers grappling with daunting debt recovery and collection lawsuits.

In response to the alarming proliferation of predatory practices employed by Chinese loan apps, which target vulnerable consumers with exorbitant interest rates and unethical recovery tactics, LegalPay has stepped forward to safeguard consumer rights. Leveraging its deep expertise in litigation funding, LegalPay is offering a lifeline to individuals entangled in overwhelming debt.

Following a successful pilot campaign focused on resolving debt recovery lawsuits for over 1000 business clients, LegalPay is extending its support directly to consumers through an innovative online dispute resolution platform. This platform ensures swift and legally binding resolutions, empowering individuals to reclaim financial stability confidently.

“Financial hardships can have a devastating impact on individuals and families. Our mission is to stand alongside individuals during their most challenging times, providing comprehensive support for all debt-related challenges,” said Kundan Shahi, Founder of LegalPay.

LegalPay will also provide support and expert legal guidance to subscribers and help them gain access to seasoned legal advisors and advanced tech-enabled platforms, facilitating efficient and effective service delivery.

“At LegalPay, we’re reshaping the landscape of debt resolution,” Shahi emphasized. “Our Debt Defence Plan is dedicated to delivering expert legal support and ensuring justice is accessible to all facing overwhelming debt.”

About LegalPay:
LegalPay, India’s premier litigation funding company, has been reshaping the legal landscape since 2021 by offering accessible legal financing solutions and empowering businesses. Managing claims totaling USD 400 million, LegalPay aims to fund 100,000 matters and handle Rs 50,000 crore in claims in the coming years. As India’s largest litigation funding player, it is driven by transparency, innovation, and client focus.

LegalPay’s innovative approach to litigation funding and debt resolution sets it apart in India’s legal sector by promoting accessible justice. By combining cutting-edge technology with a commitment to client advocacy, LegalPay redefines legal financing standards, empowering businesses and consumers to navigate legal challenges with resilience and integrity. Read more about LegalPay here.