Equifax is delighted to introduce our new product that helps you take control so that you can get out of debt: Debt Wise. Debt Wise is not a debt consolidation tool or a budget tracker; instead, it pulls information from your Equifax Credit Report™ so that you can create a manageable, flexible payment plan for paying off your debts faster — and possibly save lots of money in interest if you stick to your plan! Find out more about Debt Wise and how it works!

How does it work?
At the heart of Debt Wise is your Fast Pay Plan: a personalized debt payoff plan that shows you how you can pay down your debts more quickly and potentially save big in interest. How? Well, that's where the Fast Pay Plan Wizard comes in. The Fast Pay Plan Wizard imports the debts that are listed in your Equifax Credit Report. You decide which debts you want to include, and you can even include debts that do not appear on your credit report. That means that you can have your plan set up in as little as 10 minutes! Once you complete the necessary information, the Wizard calculates an optimal order in which to pay off your debts and applies a payment strategy known as “debt stacking” to help you see how you can pay your debts off faster. Click here to learn more about Debt Wise's debt stacking strategy.

It's confidential.
Debt Wise is completely confidential. You can customize and edit your Fast Pay Plan in the comfort of your home without having to share your information with strangers. And, with Equifax, you know you're using a company that has been trusted with personal information for over a century.

Other Features:
Debt Wise offers so much more than a plan for paying off your debts. It also helps you track if you're on or off plan, lets you know the exact date you'll be debt free if you stick to your plan and don't incur additional debts, alerts you when you've paid off an account, as well as alerting you to any key changes in your Equifax credit file. It also features educational Spend Right tools to help you stay on track.

You can also take advantage of the Commitment Calculator, a tool that allows you to see how dedicating additional amounts toward paying your debts could affect your debt freedom date. Finally, you'll receive 4 FICO^® Score reports every 12 months at no additional cost — a value of over $60! So why wait? In as little as 10 minutes, you could be on the road to debt freedom.