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Founders of Oweing.com Launch DebtScore.com – A New Tool to Help Consumers Tackle Debt

SAN FRANCISCO March 1, 2011 Ed Ojdana

At DebtScore.com, consumers calculate the critical debt-vs.-income metric used by lenders.  The service generates a simple to understand score that shows consumers the proportion of their paycheck that is consumed by debt each month.

What’s unique about DebtScore.com is its "Debt Report Card." This feature uses factors like current age, planned retirement, lifestyle, education and personal goals, and provides a realistic assessment of how current debt impacts a consumer’s financial health.

"Most Americans have little or no idea how much debt is tolerable," Mr. Ojdana said. "Banks and other financial institutions take a ‘one-size-fits-all’ approach to granting credit.  However, rules that are good for the banks aren’t necessarily good for the consumer.  With DebtScore.com we believe we’ve created the best way to educate consumers on how much debt is appropriate for their stage of life.

"DebtScore is as useful to the consumer as their credit score is for lenders," added Mr. Ojdana.  "Our vision is for every consumer in America to know their DebtScore so they can look to tomorrow and make intelligent choices about whether to borrow today."

www.DebtGoal.com $1 billion

About Oweing.com

$1.3 billion

FROM:

OWEING.COM

315 MONTGOMERY, 9TH FLOOR

SAN FRANCISCO, CA 94104

Rubenstein Public Relations

Contact: Raina Grossman Tel: 212.843.8337

Email: [email protected]

SOURCE Oweing.com

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