Tag Archives: Debt News
Americans’ Credit Card Spending Lower for the Second Month in a Row
If you’ve been cutting down on credit card purchases lately, you’re not alone. The Federal Reserve’s monthly report on consumer credit was released last Friday, and it shows that the total amount of revolving credit went down for the second month in a row, from $792 billion to about $790 billion. That may seem like a relatively small change, but considering…
Read moreOne Third of Americans Would Immediately Be at Risk of Losing Their Home or Apartment if Laid Off
The headline above might not surprise you. After all, this country has been through a lot in the last few years, and many of us have seen personally (or through the experiences of friends and neighbors) how losing one’s job can potentially force an unwanted change of address. What’s not as obvious, though, is just how quickly many of us…
Read moreTalking ‘Bout My Generation: “We Are the 99 Percent”
Something important is happening in our national conversation right now. A simple website that started as part of the “Occupy Wall Street” protests has become an outlet for people all across America who are struggling with severe debt (and lack of job opportunities) and who are now making their voices heard. The website is called We Are the 99 Percent,…
Read moreWould a National Debt Relief Program Save the Economy?
Leave it to economists to come up with a plan for reviving our economy that is so crazy it just might work. Several economists recently have suggested that what America needs is a nation-wide debt forgiveness program.
Read moreBank of America Announces New Fees For Debit Cards
Quick, check your wallet — if you happen to have a debit card issued by Bank of America, you should be prepared to pay a new $5 monthly fee starting as soon as January. The bank says it will charge customers the $5 fee in any month in which they make a purchase with their debit card. Bank of America…
Read moreReadyForZero Success Profile: Felipe
Here at the ReadyForZero headquarters, we’re excited because it seems that just as quickly as we post a ReadyForZero Success Profiles like this one or this one on our blog, we hear from another person who is willing to share their story with us. Eventually, we’re hoping the steady stream of success stories will outpace the speed with which we can get them down on paper! Our subject for today’s Success Profile is Felipe Delgado, a web developer from Florida. Like so many people in America, he got into debt through the use of that most-tempting-of-tiny-objects: the credit card. Read more
Read moreReadyForZero Featured in CNNMoney
After attending the Finovate Fall 2011 conference earlier this week, we’re getting attention from several national media outlets. Today, CNNMoney has posted an article about us that describes how we’re helping people create customized plans to pay off their debt and be better informed about the true cost of their interest payments.
Read moreWhy Health Care Costs Are Rising (And What You Can Do to Protect Yourself)
Rising Costs One of the big stories of the past decade is the nearly unsustainable increase in the cost of health care. A study by Harvard Medical School researchers found that as many as 60% of people who file for bankruptcy do so in part because of unmanageable debt from medical bills. In fact, data shows that average health care…
Read moreReadyForZero Success Profile: Colin
Everything we do here at ReadyForZero is intended to help you – our users. We want to make the best tools possible so that you can escape from the clutches of debt and pursue whatever path you want, without worrying about financial burdens. That’s why it’s so gratifying to hear the stories of people who are having success paying down their credit card balances by using our site. A few weeks ago, we got this e-mail from ReadyForZero user Colin: Read more
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