February 02, 2010 06:15 ET Declares a New "Decade of Debt Reduction" and Offers Tips to Consumers to Help Manage Their Finances

CALABASAS, CA--(Marketwire - February 2, 2010) -, a leading provider of independent consumer credit information, today encouraged subscribers of its credit monitoring services to adopt new practices to make 2010 to 2019 the "Decade of Debt Reduction." With tightening credit markets and credit card reform, qualifying for new loans at low rates has become more challenging even for those with good credit scores. Some of the best ways to improve credit scores are to lower your debt by paying off loans faster, eliminating high interest store credit cards, and paying bills on-time or early.

"A number of new subscribers are signing up for our service to better educate themselves about their credit scores and their financial history," said Bruce Cornelius, chief revenue and marketing officer at "They tell us our service is helping them identify inaccuracies in their credit reports, and they can easily track the behavior that alters their credit score and take corrective action. By making this the Decade of Debt Reduction, we're helping consumers accurately reflect their credit score to qualify for and finance that new home, that college education or capital for a small business at the most favorable rates available." offers a number of tips for consumers to reduce their debt. They can be found at Some examples include:

1. Know what you owe: Half the battle is getting a complete picture on all the details of your debts and income. Review your credit report. Assess your debts, the balances, the interest rates, the minimum monthly payments. What can you change to pay off debt faster? Can you make larger payments on credit card bills or try and pay off the high interest ones first?

2. Create a Budget and Stick to It. Consider your income and fixed monthly expenses; there are always variables like doctor's bills or car repairs, so start a "savings account" for expenses like those. What can you cut? And don't forget to save.

3. Get Organized. Track your progress; pay your bills on the same dates every month. Pay cash rather than use credit cards. Round your payments upwards to the nearest $100.'s proactive financial management services are a great way to help consumers get a handle on debt and stay on track month after month. Consider using their ScoreTracker credit report alert system that automatically alerts you to changes in your credit score and details the factors affecting your score. ScoreTracker can also be an early warning service against ID theft to help you take fast action to protect your credit score.


Based in greater Los Angeles, is a leading provider of independent credit information to consumers, and specializes in the research, development and implementation of consumer-based services to be delivered to consumers via the Internet. The service delivers an up-to-date e-commerce site that provides individuals with their personal credit information. More information can be found at

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