What do I mean by make it zero? It means eliminating your debt to nothing. Many of you are trying to adhere to the debt avalanche or the debt blast. However, you might be feeling a bit frustrated. If you that is you, then you might try doing the debt snowball. The difference between these is that with the avalanche or blast you attack the highest interest rate debt first but with the snowball you attack the smaller debt.
Now, if you need some free help with staying on course with the debt snowball, you can try ReadyforZero. According to their website:
A Pay Off Plan That Works
We’ll show you a lightning fast way to pay off any debt – and give you the motivation to get there.
Link all your debts or tell us what you owe, sit back while we create a personalized plan, then prepare to conquer your debt. Include credit card debt, student loan debt, mortgages, auto loans, medical debt, and any other type of debt you want to tackle.
With your personalized plan, you have the power to take control of your financial life… for good. We’ll be there every step of the way to show you a lightning fast way to get out of debt – and keep you motivated as you go!
ReadyforZero does not charge you anything for their basic service, which is all you really need. Once you sign-up, you can manually enter your information or provide them with your login information to your accounts and they’ll set it up automatically. They use 256 encryption to protect your data. They do not share your information. They do not store your information, so even if there’s a hack, your information is not there. Here’s what they say about their security:
After your information is entered, they provide you with a breakdown. This shows you:
- What you’ll pay if you only make minimum payments on your debt;
- The total interest you’ll pay;
- The total amount (principal plus interest) you’ll pay;
- Finally, when you can expect to pay it off.
There’s an improve this button where you can increase the amount of money you can afford to pay each month towards your debt. It then recalculates everything and provides you with a revised picture of the four items listed above.
Check them out and see if it’s right for you. The only drawback is that your smaller debts are paid-off first instead of the higher interest debts. Go to their site and find out more about them.