ReadyForZero Partners with Lending Club, a Peer to Peer Lending Firm.

A new Y-Combinator-backed start-up, ReadyForZero, hopes to help people get out of their credit card debt one month at a time. The company makes use of a debtor’s credit report data, cash flow, spending habits and helps consumers develop a plan to pay off its debt. The company has also established strategic partnerships, such as with Lending Club, to maximize the services that it can offer to borrowers.

Lending Club has a similar relationship with, where suggests to its users that are in debt that they could save on the amount of interest that they pay with a loan from Lending Club. ReadyForZero has also partnered with Lending Club to help borrowers refinance their debt with lower interest loans.

“After the credit crisis our country went through, deleveraging is top of mind for millions of Americans and getting rid of credit card debt has rightfully become a top priority for many—over 60% of loans issued through Lending Club have been used to help consumers pay off their high interest debt,” said Rob Garcia, Senior Director of Product Strategy at Lending Club and ReadyForZero Advisory Board Member, in a prepared statement to the press.

“ReadyForZero has built a simple and straight-forward solution that will help guide consumers through every step of the debt resolution process.  I believe ReadyForZero is uniquely positioned to empower consumers to better assess their creditworthiness and manage their debt responsibly. This team is onto something disruptive.”

About Lending Club
Lending Club is an online platform that enables the issuance of and investment in consumer loans.  Lending Club brings together investors and creditworthy borrowers — eliminating the cost and complexity of traditional bank lending — to offer borrowers better rates and investors better returns.  Lending Club was recently recognized as one of the 20 “Breakthrough Ideas for 2009” by Harvard Business Review, has been nominated for “Top 100 Innovators” by The Industry Standard, is on the JMP Hot 100 list, and the Always On Global 250 Top Private Companies list.  In addition Lending Club won the Webby Award in 2008 for the “Best Banking Website”. Founded in 2006, Lending Club is headquartered in Redwood City, CA. More information is available at: