Generation Y is the most educated generation yet — let’s talk school loans. The average person has four debts, and this degree-holding generation is now responsible for billions of unpaid college loans. Now there’s a better way to manage it all.
ReadyForZero is an online tool that helps you control and ultimately reduce your debt. Founded by Rod Ebrahimi and Ignacio Thayer, this Ycombinator company isn’t your average financial service (so don’t tune out yet!).
“We’re not financial services guys,” admits Ebrahimi, who says the idea for ReadyForZero came from his girlfriend’s search for a website to help her pay off her debts. When they couldn’t find what she was looking for, Ebrahimi and Thayer created it.
A few years later, the entrepreneurial duo has helped people pay off more than $30 million dollars in debt.
So what’s the algorithm for paying off your debt? Ignacio shares the golden rule: “The highest, most painful debt first.”
Jesse Draper is creator and host of The Valley Girl Show, through which she’s become a spokesperson for startups and helped pioneer the way of new media content distribution. Formerly a Nickelodeon star, Draper is now CEO of Valley Girl, where she oversees the show and runs technology blog Lalawag.com.