The Freedom From Debt Blog

With the new laws designed to protect credit card holders from unfair practices set to go into effect next year, many credit card companies are taking action now to shore up profits. Recently, several major credit card companies have started raising interest rates.  Many consumers have also seen their credit limits cut, which in turn [...]

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In these difficult and rapidly changing economic times, it is more important than ever for us to keep up with new laws and developments that effect our personal finances.  Recently, there has been a flurry of these types of developments.  Here are just a few of things you will want to keep your eye on [...]

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One simple fact that many people do not realize is that, with the way most credit card company’s calculate minimum payments now, there is a direct link between your interest rate, or APR, and your monthly minimum payment.  In other words, a higher interest rate usually means a higher monthly payment, while a lower interest [...]

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As more and more people turn to the internet for their shopping, research, and various other needs, the popularity of online debt consolidation sites (and spam) has skyrocketed.  We generally recommend speaking with an accredited credit counselor who can answer questions, walk you through the process, and help you decide whether consolidating your credit cards [...]

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If you are struggling with high interest rates, rising monthly payments, or high fees on your credit card debt, a DMP, or debt management plan, may be the solution you have been looking for.  If you are behind on your credit card bills, or simply want to get out of debt and are struggling to [...]

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Many of us at one time or another have found ourselves in a position of needing help to pay the bills.  Whether it’s mounting medical bills, rising credit card debt, or simply unexpected expenses, it can be very overwhelming when you do not know where to turn for help.  Many people either panic or simply ignore [...]

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The House of Representatives passed a bill on Thursday aimed at slowing down the rapidly rising costs of secondary education and decreasing the burden of student debt.  Despite strong opposition from the Bush administration, the bill passed easily by a vote of 354-58.  The legislation proposes to establish a list, published by the federal Education [...]

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