DebtGoal.com Helps Consumers Manage, Pay Down Credit Card Debt

"We're pleased that users are finding value in the site and using our platform to manage and pay down debt" says Scott Crawford, CEO of DebtGoal.com. "There's $2.6 trillion of consumer debt in America today, so we have a long way to go!"

DebtGoal.com was also recently named a finalist in the Global Social Venture Competition. The mission of the GSVC is to catalyze the creation of social ventures, educate future leaders and build awareness of social enterprises. The competition supports the creation of businesses that bring about positive social change in a sustainable manner.

Says Crawford: "The majority of the 50M households in the US wanting to reduce debt also want to improve their credit score. Existing solutions, such as credit counseling, are expensive and can seriously damage people’s credit. Consumers are seeking a solution that creates positive impact, and not additional financial burden. We've filled that vacancy with DebtGoal.com."

DebtGoal.com fills a previously unmet need, delivering a personalized and flexible debt pay-down plan that automatically optimizes payments – saving the average customer tens of thousands of dollars over the life of their debt balances. Crawford adds, "Contrary to what you might think, less than 10% of borrowers say their main challenge in reducing debt is insufficient cash flow and an inability to make payments. The vast majority of borrowers tell us they're simply overwhelmed by the complexity of their finances and don't know where to start. DebtGoal.com provides an easy tool to get organized and create a plan that they can stick to."