Author Profile: Shannon

Shannon

Shannon, Community and Customer Support Manager at ReadyForZero. Shannon McNay is a transplanted Midwesterner living and writing in San Francisco. She enjoys writing about personal finance and many other topics while helping ReadyForZero users pay of their debt.

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Selling a Dream: The Trouble With For-Profit Education

For as long as I can remember, I wanted to be a college professor. I dreamt of days sharing the glories of literature with students and nights toiling away grading papers and writing books. There was just one small thing standing in my way: the meager (if not nonexistent) chance an English Lit PhD actually has of actually becoming a…

Will A Day Come When Our Entire Daily Lives Are Scored?

Scoring can be a double-edged sword. It’s useful for the scorer because it allows them to evaluate how much a person has learned or how well they’ve done – and it can be used as a predictor for future behavior. We see this in test scores in the classroom, scores in competitions, and credit scores that allow a lender to…

What Happens If I Lose My Job?

There are few things in life that can make your heart plummet to your gut quicker than sudden job loss. One day you’re trucking along, making all kinds of financial plans, and the next day everything grinds to a halt. And if you were struggling financially to begin with, then this halt in pay can be terrifying. The worst part…

APR Hikes Loom, Furthers Incentive To Pay Debt Off Faster

As if we needed another reason to kick debt to the curb, there’s rumbling in the market that a hike in the federal funds rate (and thus too the prime rate) could be coming. That would lead to higher monthly payments for anyone with variable interest rates on their debt. Higher monthly payments = less of your monthly payment going…

UPDATE: Soldiers Win $92 Million in Debt Relief

Here are ReadyForZero, we’re focused on providing consumers with information to help them protect and grow their finances. Unfortunately, this information sometimes comes in the form of a scam alert you need to know about, including last week’s report on predatory companies targeting military families. But today, we get to share a more positive update!

What To Do If You Fall Behind on Car Loan Payments

As much as we strive to spread financial literacy and awareness to our readers, we also learn a lot from you as well – especially regarding what’s most important to you. And what’s the best way for us to do this? Reading your comments! It was exactly that which recently helped us realize that a lot of you have a…

Far From Alone, 1 in 3 Consumers Dealing With Debt Collectors

In case you haven’t already seen it, a pretty scary statistic was released earlier this week: 1 in 3 Americans have debt…in collections. More specifically, 35% of Americans have debt in collections. That means they not only have debt, but they have debt that they are unlikely to be able to pay off. Generally, my first reaction to scary statistics…