Last week, debt assistance startup ReadyForZero unveiled its New Year's Challenge that aims to help users pay off more debt in 2012. It consists of two parameters: 

1. You must commit to pay 10% more toward your debt for three months
2. You must pledge not to use your credit card during that time

Here are the three steps of the challenge:

Step 1

Step 2

Step 3

After completing all three steps, users receive a badge (see screenshot below) to solidify their commitment.

To learn more about ReadyForZero, watch its FinovateFall 2011 demo.