ReadyForZero Helps Consumers Eliminate Credit Card Debt and Manage Credit Reputations

New, Free Online Financial Tool Automates the Debt Management Process

-- 360 degree financial profile unlocks debt management and pay off options for consumers

-- ReadyForZero investors include former PayPal and executives

-- Rob Garcia of Lending Club joins ReadyForZero Board of Advisors

Feb 02, 2011, 11:00 ET from ReadyForZero

SAN FRANCISCO, Feb. 2, 2011 /PRNewswire/ -- With Americans committing themselves to reducing their over $900 billion in revolving credit card debt, there is a need to improve and simplify the debt management and pay off process. ReadyForZero is aiming to solve this problem by giving consumers a single place to discover legitimate options, receive trustworthy guidance and education and manage their credit reputations. With its new, free online financial application launched today, the company is taking the first step towards adding legitimacy to and streamlining the debt pay off process to get people out of credit card debt faster. Consumers can begin using ReadyForZero immediately at


Today, options for people with credit card debt are often overwhelming and confusing. They are bombarded by information on the web and TV and often can't decipher what the best option is for them.  At the same time, because the average American carries four or more credit cards, it is often difficult for them to assess their situation objectively and put together a proper strategy.

ReadyForZero acts as a trusted advisor that simplifies the debt management and pay off process by creating visibility and transparency through its new, free online financial application. This tool gives someone struggling with credit card debt a 360-degree view of their financial situation – taking into account information like credit report data, payment behavior, checking/cash-flow, and transaction data. Using this comprehensive financial profile, ReadyForZero can build a personalized plan for consumers and track their progress toward reducing their debt.

ReadyForZero's vision is to empower consumers with a new way to demonstrate their true credit worthiness to lending institutions. Qualified ReadyForZero members can obtain lower-interest, fixed-rate personal loans through our partnership with Lending Club, the world's leading platform for investing in and obtaining personal loans.

"After the credit crisis our country went through, deleveraging is top of mind for millions of Americans and getting rid of credit card debt has rightfully become a top priority for many -- over 60% of loans issued through Lending Club have been used to help consumers pay off their high interest debt," said Rob Garcia, Senior Director of Product Strategy at Lending Club and ReadyForZero Advisory Board Member. "ReadyForZero has built a simple and straight-forward solution that will help guide consumers through every step of the debt resolution process.  I believe ReadyForZero is uniquely positioned to empower consumers to better assess their creditworthiness and manage their debt responsibly. This team is onto something disruptive."

About ReadyForZero

ReadyForZero builds simple financial software that helps people get out of credit card debt and manage their credit reputations online. The company is backed by prominent angel investors who are also industry veterans from PayPal,, Google, and YouTube. For more information check us out online at, on Twitter at, and on Facebook at

Marisa Lam


SOURCE ReadyForZero