Debteye (YC S11) Wants To Be Your (Much Cheaper) Credit Counselor

Re:Debteye (YC S11) Wants To Be Your (Much Cheaper) Credit C... by nhashem on Tuesday July 26, 2011 @06:13PM (#2809701)

Very interesting idea, but doesn't another YC company (ReadyForZero) already do something similar? It sounds like Debteye has more options to negotiate/restructure debt, but I see a lot of overlap here.

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Re:Debteye (YC S11) Wants To Be Your (Much Cheaper) Credit C... by unexpected on Tuesday July 26, 2011 @06:39PM (#2809780)

YC isn't afraid to invest in companies that do similar things - both ZumoDrive and DropBox were YC companies.

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Re:Debteye (YC S11) Wants To Be Your (Much Cheaper) Credit C... by dlevine on Tuesday July 26, 2011 @06:46PM (#2809805)

For the record, ZumoDrive didn't do ZumoDrive when they were in YC. They did Versionate, a versioned Wiki.

Your observation does still stand, though.

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Re:Debteye (YC S11) Wants To Be Your (Much Cheaper) Credit C... by jsun on Tuesday July 26, 2011 @06:44PM (#2809799)

We target a slightly different market than ReadyForZero, RFZ targets customers who are trying to set up a structured approach to paying off debts on their own, whereas we help guide those customers who may not have the finance resources to be able to pay off on their own.

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Re:Debteye (YC S11) Wants To Be Your (Much Cheaper) Credit C... by felideon on Tuesday July 26, 2011 @09:40PM (#2810322)

Right. I use RFZ and I assume only people who are current and can afford making more than minimum payments can take full advantage of RFZ.

Also, it currently focuses on getting rid of Credit Card debt, using a high-interest-first strategy.

And speaking of RFZ, I had to log on to RFZ in order to fill out my cc debts on Debteye[1], whereas on RFZ I just gave them my login information and they "figured" it all out. :D

[1] I even filled in my, shudder, SSN on debteye.

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