Dallas , Texas (PressExposure) December 30, 2009 -- DebtWatchers is an exclusive program only available by invitation, that uses Equifax Credit Reports to track consumer debt, and estimate how long it will take to become debt free. DebtWatchers uses a debt-stacking system that allows users to pay off their debt faster by focusing on one account at a time. For example if someone has 3 credit cards and a loan to pay off, the system will focus on the account that has the greatest debt, when that is paid off, it will focus on the next account.
The program also creates a Fast Pay Plan that allows users to see the date they will be debt-free and how they can achieve their financial goals faster. This is a great tool that shows users how much money they will save on interest, and how much faster they will pay their debt off. The program will hold users accountable by notifying them if they are on or off plan to reach their debt-free date.
DebtWatchers also offers $25,000 worth of identity theft protection, while monitoring member's credit reports and notifying them of any changes. With the FICO simulator tool, a user can predict how much their credit score will change if they take certain actions. This program offers an explanation of positive and negative factors on a member's credit report, and offers them suggestions to help improve their credit scores.
The membership fee also includes 4 free credit scores, so users can monitor their credit scores. In the member area there are also budget worksheets available and useful articles on saving money and budgeting. DebtWatchers is very user friendly and there is a demo available to walk users through the simple process.
Many people are making their new year's resolution to get out of debt and improve their credit. This new program is designed to help them achieve their goals.