Have some debt from which you’d really like to shake loose? ReadyForZero just launched an upgrade to its debt management service, with new features that now allow users to centralize and manage more of their debt using its online application. Previously focused only on reducing consumers’ credit card debt, ReadyForZero is now adding support for mortgages, auto loans and student loans.
Like Mint, ReadyForZero automatically imports data from your bank accounts, credit card accounts and loans, but goes the extra step of using that data to recommend when you should make extra payments so as to save on interest. It can also alert you to the repercussions of recent big-ticket purchases in terms of paying pay down your debt as well as suggest ways you can get back on track.
The ReadyForZero user interface has been tweaked to include some new features, like a “speed” gadget that shows you how much faster you’re paying off debt by making extra payments. It also gives you tasks to complete, such as setting up payment reminders to sync with your calendar or linking your accounts. An expanded “share your progress” feature also lets you provide an anonymous URL that gives a snapshot of your progress on debt reduction to lenders that need of proof of your efforts.
It’s biggest selling point? Regular users of ReadyForZero’s service are getting out of debt twice as fast as irregular users.
Read more at TechCrunch.
