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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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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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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Maybe you overspent your budget over the holidays, or maybe you have been struggling with credit card debt for several months now.  Whatever your situation, if you are in over your head in debt and dread seeing your credit card bills every month, you might be able to benefit from credit card consolidation.  Consolidating your credit [...]

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Everyone knows that making late payments on your credit cards can lead to increased interest rates and higher payments.  Most people also realize that a lower credit score will cost you whenever you finance a car or a home.  However, there are other consequences of a low credit score that most consumers remain unaware of. [...]

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If you are currently struggling with credit card debt, there are several possible strategies for paying it off.  One possible solution is to consolidate your credit cards through a debt management plan.  There are many advantages to enrolling in a debt management plan, including these 5: Lower Interest Rates – When you pay your credit [...]

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