The Freedom From Debt Blog

If you are carrying any credit card debt at all, you would love to benefit from a lower interest rate.  Lower interest rates mean lower monthly payments, less money spent on finance charges, more money going to principal, and more money in your pocket in the long run.  Of course, if you have large balances [...]

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Capital One has announced that it will begin reporting its customers’ credit limits to the credit bureaus.  This announcement is good news for Capital One customers.  For years, consumers who carried balances on their Capital One credit cards were penalized by Capital One’s policy of not reporting credit limits.  Due to this policy, the consumers’ [...]

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I recently attended a screening of the documentary “Maxed Out:  Hard Times, Easy Credit and the Era of Predatory Lenders.”  The film tells the tragic stories of several people who got in over their head in debt, while also touching on the social and political aspects that surround the issues of consumer debt.  I highly [...]

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If you watch television or surf the internet at all, then you have probably come across advertisements offering a “free” credit report.  However, it turns out that nearly all of these offers contain strings and hidden costs.  Most of these sites offer a copy of your credit report if you purchase credit monitoring services.   Others [...]

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If you are in over your head in debt, your best option is to immediately speak with an accredited credit counselor.  A qualified counselor can take a look at your debt situation, your income and your expenses and help you get a handle on your entire financial situation.  The counselor can then inform you of [...]

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