Lano is for debt that is already in collections. We find every account, show you the settlement offer each owner will accept, and let you close them, either financed at 0% interest or paid with your own money with 20% back.
Enter your phone number and date of birth. A soft credit check, which never affects your score, finds every account you have in collections and who owns each one.
Each account shows the settlement its owner will accept and how you can pay it. Lano doesn't negotiate or mark up these amounts, and you can download offer letters before deciding.
Pay with your own cash, or finance at 0% interest over 18 months. Eligible accounts typically close within one business day.
Debt owners forgive the most for a single lump sum payment. Both routes below get you there.
20% of what you pay is returned to you as soon as the payment clears.
A lending partner pays the owner the full settlement at once. You repay that same amount over 18 months, with no interest and no fees.
Approval isn't guaranteed. Credit decisions are made by our lending partners, and if you aren't approved, your accounts and offers stay exactly as they are.
No prepayment penalty. The total repaid is $2,266, exactly the settlement.
You can also mix them. Pay part in cash, finance the rest at 0%, and the 20% cash back still applies to the cash portion.
Illustrative only. Settlement amounts are set by each account's owner, and Lano does not negotiate these amounts. Financed portions carry no interest; the 20% applies to the cash portion. Financing is subject to approval.
Written confirmation that the balance is satisfied and the account is closed, signed by the company that owned it. Yours to download whenever you need it.
If you settled with your own money, the 20% is paid into your Lano account as soon as it clears. Withdraw it, or put it toward another account.