Total consumer debt balances are rising quickly, and in 2023 it was a total of $17.06 trillion per the Federal Reserve Bank of New York. Out of various types of consumer debt, credit cards increased by 13.2% year over year according to Experian. And credit card debt is one of the most expensive kind of debt!

With the new year brings a moment to reflect and for many it’s a moment to change our behaviors. So I thought this would be an amazing time to bring onto the show, a company who is tackling the problem of debt. Ela Bader is the co-founder and CEO of Debt Zero, an AI-powered debt relief solution for creditors.

Ela has 13 years of experience in technology, and 7 years as a startup founder and CEO. Prior to founding DebtZero, she was the founder of another startup AirWander and was a product manage at finance companies on mobile and web applications.

I’m excited to have Ela on the show to talk about consumer debt and DebtZero.

In this episode, you’ll hear Ela talk about:

• The increasing cost of debt for US consumers
• Importance of advisors, and how she found her advisor
• Taking months to find her co-founder

Enjoy the episode!

Check out DebtZero: https://www.debtzero.ai/

LinkedIn: https://www.linkedin.com/company/debtzero/

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