Manage and pay off your debt with ReadyForZero

Manage and pay off your debt with ReadyForZero:

ReadyForZero is a free tool that can help manage and eliminate your debts like loans, credit cards and mortgages. Designed to help track your debt, create a plan of action, and help you stick to it, ReadyForZero has has loads of options to map your plan and progress, and helps keep you motivated and on track. It provides a secure and easy way to “get to zero” where you no longer owe anyone.

There are a lot of resources out there to help you get out of debt, such as nonprofit organizations and consolidation and refinancing companies and all the rest of it. All you need to do is take the first step, and ReadyForZero might just be what you need to start taking charge of your financial life right this minute.

These days everything is on the internet. You can do anything from taking a class to ordering a pizza, to managing your debt online. ReadyForZero is a website and program that allows you to not only keep track of your debt online, but also helps you create a plan of action and stick to it, with the eventual goal of being debt-free. The process is fairly simple. You just create a free account at the ReadyForZero website and enter your information for your finances including loans and credit cards. The website uses 256-bit SSL encryption for all data you enter and they never ask for your actual credit card numbers. They promise to protect your account information, but I always say never use any site or program that you are not comfortable with so be sure to review their security page before you make a decision. A direct quote from their site: “We use bank level security to protect your information and never sell your information to anyone. Period.”

Once you have entered your financial information, ReadyForZero takes you step by step through the process of creating a plan to get out of debt. You start with a centralized and consolidated view of your overall debt status, based on the information you entered, and begin setting up payments, reminders, and schedules to help you plan out your debt progress. By tracking things like interest payments and monthly penalties, the ReadyForZero system will help you figure out the best amount to pay on each debt every month. Some debts have higher interest rates, and in many cases you can wind up paying just the interest and never actually lower the amount you owe. ReadyForZero helps you identify these types of problems and lays out ways to avoid them.

Once you have laid out your plan to get out of the debt monster’s den, ReadyForZero goes to work helping you reach that goal. They will send you emails reminding you about your payments, and overall progress of your plan. It provides you with a progress bar (because we all like to watch the darn things, no matter how slow they move), as well as various graphs and charts showing your progress in various ways. This approach maximizes your power to reach that goal and ReadyForZero will let you post snapshots of your progress so that friends and family can view your progress and provide encouragement and praise. These kinds of things are great motivators and help to keep you in the right frame of mind and attitude for reaching your overall desire to be out of debt completely. Another really nice feature is that it allows you to re-adjust your payments and your overall plan if you have a difficult moment or month, which is a huge step up from having to start all over.

ReadyForZero is a pretty decent program. It doesn’t cost anything, has nothing to download or install on your computer, and doesn’t inundate you with advertisements or requests for donations. It helps get you started, sticks with you the whole way, and brings you ever closer to the dream of being out of debt at last. I’d recommend it to anyone who is having a tough time figuring out how to get out of debt. By itself or in conjunction with another plan or program, ReadyForZero is a boon to those of us who are looking for help getting out of debt.

Sign up: here