5 ms·

we're actually letting people through to register as well but have throttled initial registrations so many will get an invite page. thanks for the support and f

we're actually letting people through to register as well but have throttled initial registrations so many will get an invite page. thanks for the support and feedback.

jacquesm 16y ago
Probably a silly question, but how do you intend to monetize this? Getting people out of debt is a great goal, but that means it's going to be pretty hard to charge them for the use of your tools (it would defeat the purpose).
- innovate 16y ago
  we've explored a variety of options but we would ultimately like to empower consumers to prove their creditworthiness in order to access better financial products, credit information and reporting is one avenue we are particularly excited about in terms of monetization.
  - jeromec 16y ago
    So many banks gouge people that I'm sure you'll find plenty of room for improvement and opportunity with the ones ready to access your client base with more reasonable terms. Best of luck!
  - jlm382 16y ago
    maybe you can help them save/invest money once they're out of debt. oh wait, sounds like future advisor ;)
Lewisham 16y ago
How long are invites going to take? I'd love to take a look at this; my recent wedding has simply wiped me out. I'm not sure what to do, and having a better idea or what needs to be done would be a real boon.
- jacquesm 16y ago
  Why would you go in to debt in order to marry? I know it's done and that is not going to undo the damage, but if you knew this was going to be the result would you do it like that again?
  - joshu 16y ago
    Is that really helpful?
    - jacquesm 16y ago
      No, and I understand it isn't, I'm just trying to figure out how that could happen. I see lots of people spend way too much money on their marriage (1 day...) only to be in trouble for a year or more afterwards, which, surprise, puts a huge stress on their marriage. There is some kind of peer-pressure going on there that makes people spend way more than is smart and I'd like to understand better how that happens.
      - hugh3 16y ago
        Besides, aren't the main components of the wedding's cost supposed to be paid for by the bride's parents? Last I heard, the groom paid for the rings, the limos, and the honeymoon.
      - Lewisham 16y ago
        It's not thousands and thousands of dollars, it's just a bit too much to make it easy to undo on a graduate student salary. It's small things that rack up. It's small things that don't get easily factored into budgets: flowers for the groomsmen, that case of soda you forgot, lighting for the venue. All of the predictable stuff like catering, venue hire etc. was absorbed by our (wonderful) parents. Day to day stuff was me. Now I need to figure out what to do. It's easy to talk about not going into debt when you have a decent job. I never had a problem when I was working. Now I'm a student on what amounts to subsistence wages in CA. That's when it gets tricky.

we're actually letting people through to register as well but have throttled initial registrations so many will get an invite page. thanks for the support and feedback.

jacquesm 16y ago

Probably a silly question, but how do you intend to monetize this? Getting people out of debt is a great goal, but that means it's going to be pretty hard to charge them for the use of your tools (it would defeat the purpose).

innovate 16y ago
we've explored a variety of options but we would ultimately like to empower consumers to prove their creditworthiness in order to access better financial products, credit information and reporting is one avenue we are particularly excited about in terms of monetization.
- jeromec 16y ago
  So many banks gouge people that I'm sure you'll find plenty of room for improvement and opportunity with the ones ready to access your client base with more reasonable terms. Best of luck!
- jlm382 16y ago
  maybe you can help them save/invest money once they're out of debt. oh wait, sounds like future advisor ;)

Lewisham 16y ago

How long are invites going to take? I'd love to take a look at this; my recent wedding has simply wiped me out. I'm not sure what to do, and having a better idea or what needs to be done would be a real boon.

jacquesm 16y ago
Why would you go in to debt in order to marry? I know it's done and that is not going to undo the damage, but if you knew this was going to be the result would you do it like that again?
- joshu 16y ago
  Is that really helpful?
  - jacquesm 16y ago
    No, and I understand it isn't, I'm just trying to figure out how that could happen. I see lots of people spend way too much money on their marriage (1 day...) only to be in trouble for a year or more afterwards, which, surprise, puts a huge stress on their marriage. There is some kind of peer-pressure going on there that makes people spend way more than is smart and I'd like to understand better how that happens.
    - hugh3 16y ago
      Besides, aren't the main components of the wedding's cost supposed to be paid for by the bride's parents? Last I heard, the groom paid for the rings, the limos, and the honeymoon.
    - Lewisham 16y ago
      It's not thousands and thousands of dollars, it's just a bit too much to make it easy to undo on a graduate student salary. It's small things that rack up. It's small things that don't get easily factored into budgets: flowers for the groomsmen, that case of soda you forgot, lighting for the venue. All of the predictable stuff like catering, venue hire etc. was absorbed by our (wonderful) parents. Day to day stuff was me. Now I need to figure out what to do. It's easy to talk about not going into debt when you have a decent job. I never had a problem when I was working. Now I'm a student on what amounts to subsistence wages in CA. That's when it gets tricky.