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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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…

How to Send a Request for Validation of Debt Letter

Most of the time, receiving a phone call is a painless and even fun experience. But every once in awhile what you hear on the other end of the line can plunge your heart into your throat. That’s certainly what can happen when a debt collector calls. Here are a few things that may run through your mind in that…

The Surprising Link Between Birth Order and Financial Behavior

What would you say if I were to tell you that I’m an only child? What assumptions would you make about me with this bit of information? Here are a few stereotypes typically assigned to an only child: selfish, spoiled, needs to be the center of attention. On a positive note, some other stereotypes are: mature, independent, high achiever. Rather…

The Conservative Generation? Recession Creates New Type of Millennial

The “Me” Generation. We’ve all heard this less than savory nickname for Millennials. Illustrating the disdain some feel for current new grads and young professionals, they’ve been pegged to be lazy and whiny over extended stays in their parents’ homes and their vocal frustration with student loan debt. But there’s more to the story than meets the eye. In fact,…

What Is the Statute of Limitations on Debt?

Debt can very much feel like a “forever” thing. In the beginning of my debt journey (which is still going on, thanks to student loans), I struggled to imagine a time when I’d be debt free. But one thing I didn’t know was that debt can have an expiration date. The name of this expiration date is a statute of…