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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What Is a Line of Credit?

One of the most frustrating things about personal finance is the sheer volume of vocabulary one has to learn in order to understand their options. As if it wasn’t difficult enough to understand how everything works in the first place, you have to also memorize a multitude of terms and learn how they differ from one another. And just to…

Double the Debt? Piggyback Mortgages On The Rise

“The more things change, the more they stay the same.” Although the global economy is cyclical, we as consumers have the ability to control our outcomes by learning from the past. Unfortunately, a recent rise in home equity borrowing shows that, for better or worse, consumers are once again feeling more comfortable using their homes as leverage for their finances….

What Is a Credit Utilization Rate?

We recently discussed the sheer volume of terminology inundating the world of personal finance – and now we’re on a mission to bring some clarity to the terms and phrases you may hear on a daily basis. Today’s term? “Credit Utilization Rate” Simply put, your credit utilization rate is the amount of credit you’re using based on what’s available to…

What Is Pay To Delete?

If you have debt, then I’m probably preaching to the choir when I say how much of a drain it can be on our lives. So much so that it’s almost too easy to fall prey to get rid of debt quick schemes such as debt settlement and credit cleanup products. Yes, there are occasions in which debt settlement and…

Debt Settlement May Not Provide The Relief You’d Expect

Even though we’re an internet company, our phone rings a lot. And one of the most common questions people ask is if we can settle or consolidate their debt for them. The quick answer is that our mission isn’t to do debt consolidation, settlement, or management. Our mission is to help you find a strategy that you can use to…

Can Expectations Deter Your Financial Success?

Do you ever spend money before you have it? Say you have an annual bonus coming and you’ve already calculated how much it’s going to be. So you go ahead and use that money ahead of time, planning to replenish the funds when the check comes. It doesn’t even have to be literal. I know on the rare occasion when…