Category Archives: Budget

Ways of Maintaining Good Credit and The Role of Freedom Debt Relief

Lenders, Insurance providers, credit card companies and employers have a difficult time determining one’s spending and repayment habits without a history which makes the loan process nearly impossible. The fastest and easiest method of building good credit is by using your credit card.

In case you are unable to get a loan or unsecured credit card, some methods can help show a history of responsible repayment.

Below is one of best ways you can use to establish a credit history as well as tips for building and maintaining good credit scores.

Apply for a Secured Credit Card

A secured credit card is a great technique to use if you are starting to build your credit score. This credit card functions just like any other credit card requires a cash deposit which becomes the credit line for the account. In other words, the cash deposit is the same amount as your credit limit which backs the card and is also used as collateral. As a result, if you do not pay your bill, the issuer can quickly draw the money from your deposit. Before applying for a secured card, it is important to ensure that the card passes through the following three credit bureaus: Equifax, TransUnion, and Experian.

About Freedom Debt Relief

Freedom Debt Relief is the largest debt resolution company in America. The company is currently based in San Mateo, California and has over 1,800 employees. Freedom Debt Relief was established in 2002 by Andrew Housser and Bradford Stroh, both Stanford graduates. The company negotiates on behalf of indebted consumers who experience financial hardships. To avoid bankruptcy, Freedom Debt Relief negotiates for people to settle their unsecured debt at a discount to what is owed in full. The company offers its services to consumers where home refinancing or debt consolidation is an unavailable option.

About Freedom Debt Relief: