Login To Your Account


Financial Freedom Community

This site is a resource for Financial Education, Debt Solutions and Tools to assist with Credit Management. All the resources on this site are free of charge. We encourage visitor feedback, Tell us what you want to see more of! Sign up for news & updates and we'll keep you posted on the latest!


Consumer Personal Loans
Credit Card Debt
Advantages of Making Credit Card Debt Payments on Time and Other Tips
Avoiding Credit Card Traps
Credit Card Counseling – Learn Credit Management Tips
Credit Card Debt and Simple Ways to Consolidate Them
Credit Card Debt Consolidation Nationwide Epidemic
Credit Card Debt Consolidation Solutions
Credit Card Debt Help for Senior Citizens
Credit Card Debt Reduction
Credit Card Debt Solutions That Can Help
How to Pay Your Way Out of Credit Card Debt
Paying Off Your Holiday Credit Card Debt
Prevent Identity Theft With a Credit Freeze
Saving Money on Your Credit Card Bills
Terminate Credit Card Debt Without Consolidation
Tips on Credit Cards, Part 1
Credit Collection Laws
Credit Repair Organizations Act
Fair And Accurate Credit Transaction Act
Fair Credit Billing
Fair Debt Collection Practices – Know Your Law
Statute of Limitations
The Fair Credit Reporting Act
The Fair Debt Collections Practices Act
The Truth In Lending Act
Credit Counseling
Can Consumer Credit Counseling Help Avoid Foreclosure
Credit Card Counseling
Credit Counseling a Must for Bankruptcy
Credit Counseling Benefits
Credit Counseling Can Reduce Your Debt
Difference Between Credit Counseling and Debt Settlement
Free Credit Counseling to Help Manage Your Debt
Using Credit and Debt Counseling to Manage Your Finances
What Can Credit Counseling Offer You?
What is Credit Counseling
What to Ask a Credit Counselor?
Credit Education
Consumer's Rights
Establishing New Credit
Finance Charges
Credit Reports and Scores
Credit Repair After Bankruptcy
Do you Know the Benefits of Checking your Credit Report?
Debt Consolidation
4 Valuable Tips on Debt Consolidation
Become Debt Free With Financial Advice
Benefits of Debt Consolidation
Bill Consolidation Loans
Bill Consolidation Advice to Help With Debt
Credit Consolidation: Is It Worth Taking?
Debt consolidation and Ways to Avoid Scams
Debt Consolidation Explained - What Happens if You Don't Pay?
Debt Consolidation Loans
Debt Consolidation Loans for Payday Loan Debt
Debt Consolidation Non-Profit
Debt Consolidation Now Will Improve Your Credit Score Later
Debt Consolidation Provides Relief from Financial Stress
Debt Consolidation Services Helps to Clear Debts
Debt Consolidation – Find Relief To Your Financial Stress
Debt Management Program
Debt Management Program Will Ease Debt Burden
Do You Need Debt Consolidation?
Get a Debt Consolidation Loan to Manage Bad Debts
Government Debt Consolidation Loans
Government Debt Consolidation Loans for Student Loans
How to Consolidate – Debt Help – Consolidate Your Debt Payments
How to Consolidate Bills Effectively When Left in Debt
How to Consolidate Debt
Let the government help you consolidate your debts
The Advantages of Credit Consolidation
Understanding Debt Consolidation Loans
Debt Settlement
Elderly Can Benefit from Debt Settlement
Financial Tools & Calculators
Bill Reminder Tool
Bill Reminder User Guide
Car Loan Calculator
College Savings Calculator
Credit Card Payoff Calculator
Mortgage Loan Payment Calculator
Retirement Calculator
Savings Calculator
Loan Modification Guide – Do It Yourself
Frequently Asked Questions
Step 1: Prepare yourself
Step 2 Gather the necessary documents
Step 3 Know what to expect
Step 4 Contact your lender
Step 5 Review your loan-modification plan
Step 6 Finalize the approval and begin making payments
Home Buying
Build or Buy a Home
Choosing a Real Estate Agent
Home Equity Interest Rate Charges
Home Equity Line of Credit
Home Equity Loan Fees
Managing Your Mortgage
Mortgage Basics
Mortgage Debt Elimination, 3 Things You Must Know
Real Estate Laws
Renting vs Owning
Interesting Money Articles
12 Amazing Facts about Credit Card Debt
12 More Interesting Facts About Money – Part 2
24 Amazing Pictures of Money
Introduction To Budgeting
7 Steps to Successful Budgeting
All You Need to Know About Budget Basics
Basics of Personal Budgeting
Budgeting – How Much?
Debt Management and Prevention Using a Budget
How to Pay Off Debt – Start Budgeting
Maintaining and Budget Planning
Manage Your Debt by Learning How to Budget
The Basics of Budgeting
Transcript – The Basics Of Budgeting
The Importance of a Household Budget
Managing Debt
Debt Relief The Issue of Forgiveness
Get Out of Debt by Changing Your Financial Habits
Personal Finance Management to Reduce Debt
Start Early Teaching Kids Money Management and Savings
Saving Money
Banking & Credit
How 'Charge Offs' Effect You
Insurance & Housing
Money Management Means Setting Goals
Save Money When going to work
Transportation Savings
Utilities and Savings
What Debt Should You Pay First?
Young Couple Finances
Student Loan Debt
Student Loan Default Penalties
Consolidate Student Loans
Student Loans and the Credit Squeeze
Types Of Debts
Auto Loan Prepayment Penalties
Balance Transfers
Credit Card Minimum Payments
Gambling Debt Problem Gambling and Bankruptcy Connection
Holiday Credit Card Debt
Ideas To Save
Inherited Debts?
Six Easily Avoidable Causes of Debt
Ways to Pay Off Holiday Debts
Video Library
Personal Finance Video library
Tax Tips Video library

Free Consultation

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Latest Headlines

Latest Infographics

Most Popular Articles

Credit Card Debt


Credit cards can be a really convenient way to pay your daily expenses without the need to carry cash. The key with staying out of credit card debt is to only spend as much as you can afford to pay off each month completely. Where many consumers get into trouble is overspending on their cards and accumulating several large credit cards debts as a result, that then become a problem to pay off. You should think of any credit card as an instant loan the second that you use it to purchase something and know that you have to pay off that temporary loan at the end of the current billing cycle for the card.

If you’re like millions of people that have gotten into credit card debt over time and need to try to lower credit card debt interest rates, there are a few ways to go about this. The easiest way to find this credit card debt help is to talk with a credit-counseling agency. They are skilled in credit card debt consolidation and will look at your complete financial picture to help you find a way of lowering your credit card debt as quickly as possible. You have several choices on how you can lower credit card debt interest rates, and not every one of these plans is right for every consumer. Knowing what will work best for you and your existing credit card debts is critical to finding the right program for you.

One way that many consumers choose to lower their credit card interest rates and their balances is through a debt consolidation. This type of consolidation will allow you to pay down all of your credit card debt with a low monthly payment. You will still have the same amount of debt, but by using a single payment for credit card debt consolidation you can eliminate having to worry about making several payments each month to the individual credit cards and simply make one payment. Also, by paying down the principal in this way many of these credit card companies will lower your higher interest rates over time in case you need to use the credit cards in the future. This is something that you may need to prompt them to do, so be sure to stay in contact with your credit card companies every so often to ask about lower rates. Ironically, the lower the balance you carry with a particular credit card, the better chances you have of getting a lower rate on that card. So if you use debt consolidation to pay down the balances on all of your cards, you should be asking them on a regular basis about lower rates. These debt consolidation programs are available from most credit counseling agencies.

Another option that many homeowners will pursue is a home equity line of credit to help them lower their credit card interest rates. These loans are based on how much more your home is worth than the current mortgage. Many banks will allow you to borrow against this difference in value as part of a home equity loan. You can then use these funds to pay off your credit card debt and enjoy the lower interest rate this home equity loan provides. This type of loan will allow you to pay the balance off over a longer time period as well. The other nice thing is that this type of loan still gives you the option of making larger payments on the months when you have the funds and just making the minimum payment on months when your budget is tighter. This is a very flexible way of lowering your credit card debts and simplifying the payment schedule as well.

One program that many of these credit-counseling agencies offer for credit card debt consolidation is a debt settlement payment plan. This type of program is for consumers that have fallen behind on their credit card debt and have missed a few payments over time on their cards. It may affect your credit rating so you need to try to exhaust other options before pursuing this type of program if possible. The way this type of credit card debt consolidation works is that the credit counseling agency will negotiate with the credit card companies on your behalf and try to get them to agree on a lump sum payment for your outstanding credit card debt. This will be a single payment to settle what you owe on the credit card and will typically be considerably less than what you owe. The credit card companies have programs in place for this type of transaction. Using a credit-counseling agency that has done this type of negotiations before can help speed the process. Once this figure has been determined for each of your cards, the credit-counseling agency will normally arrange for a loan to cover each of these amounts and pay off the cards on your behalf. You would be left with a single payment each month to effectively pay off this credit card debt consolidation loan. This type of program is usually a last resort for most consumers and may have an impact on their credit rating since many credit card companies report the loan as “settled” and this can affect their score. The good news is it will help them settle their credit card debt and is less damaging in most cases than defaulting on the loan or even missing a series of payments.

What this all means for consumers is there is a wide variety of ways to achieve their credit card debt consolidation goals. These programs can help them lower their credit card interest rates and in most cases will also allow them to eliminate this credit card debt in less time and for less money. The key is finding this credit card debt help early and selecting a program that works for your credit card debts and your budget.

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams