ReadyForZero is a free online service based in San Francisco, California that seeks to empower people to get themselves out of debt and start building their wealth afterwards. This isn’t a debt management or debt settlement program that requires a person to send payments to a third party that all the while doesn’t make payment to creditors and ending up hurting one’s credit score. What ReadyForZero does instead is that it helps a person manage his finances and get out of debt as soon as possible through the company’s online program and financial tools that are easy to use and are free of charge. This company was founded by Ignacio Thayer and Rod Ebrahimi in 2010 and was made available to the public during the first quarter of 2011. In a study conducted in 2013 with the help of a top 5 bank in the U.S, ReadyForZero showed that its users were 20% less delinquent on their debt payments which means really good for those who need help in managing their finances.
The founders of ReadyForZero decided to start the company back in 2011 because they felt that there was really a need for a way to manage and reduce debt online--automatically. In the U.S., more than $11 trillion in personal debt are managed by Americans on their own with the people trying to reduce debt and protect their credit score and so the founders thought they would help Americans reach their financial goals. ReadyForZero helps people in better managing their credit card expenses, students loans, auto loans, mortgages, or personal debts which in short, means that this firm is dedicated to the creation of financial tools that make the lives of American’s simple. This service allows users to come up with repayment plans that suit them best, track their finances, make payments of their bills directly, check their progress on their debt payments, and monitor the interest that they save through personalized graphs. With impressive partnerships and support from a number of respected sites within the financial industry and the internet like Google, YouTube, Zynga and PayPal, the potential users of ReadyForZero get an assurance that this online service will be able to offer something that’s beneficial for them.
ReadyForZero is a tool that’s intended to help people manage their debts. It’s a free service that aggregates all the debts of a person in just one place then gives him a plan as to how to pay his way out of them. This is an automated version of the hard to understand spreadsheets that other providers of the same service are offering to their clients. With a plan that costs $10/month only, this application is indeed very affordable with many benefits that come with the basic version. If you need help in arranging your payments for your debts and some motivation to want to settle all your payables, know that you can always count on ReadyForZero.