How Could the New Biden Administration Affect My Money?
Freedom Debt Relief
by Steve Tanner
3y ago
President-elect Joe Biden will come into office against the backdrop of a raging pandemic, a jittery economy, simmering social unrest, and a sharply divided country. With so many Americans struggling right now, how will the incoming administration’s efforts affect your financial wellbeing? Whether the Biden administration policies you may have heard about will improve or hurt your financial situation depends on your income and other specific factors. However, the following economic policies proposed by the incoming president are the ones most likely to have a significant impact on your pocketb ..read more
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#MyFreedomDebtStory: The Story, the Contest, and the Winners
Freedom Debt Relief
by Tanya Peterson
3y ago
Although many people are saying “good riddance!” to 2020, here at Freedom there were some bright spots in a tumultuous year. For many recent graduates of the Freedom Debt Relief (FDR) program, 2020 was the year that they paid off their enrolled debt and moved toward a brighter financial future. As VP of Brand at Freedom, I hear many inspiring stories from clients whose lives have been positively impacted by our debt relief program. I thought it was time to share our clients’ stories more broadly. We recently invited Freedom Debt Relief graduates to submit videos about their experiences in the ..read more
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January is Poverty in America Awareness Month
Freedom Debt Relief
by Molly Zilli
3y ago
In 2019, the official poverty rate in the U.S. was 10.5%, which was the lowest rate since estimates began in 1959. However, that’s still a staggering 34 million people living below the poverty line, and other estimates put the number much higher. Additionally, according to a recent report, these numbers jumped to at least 11.7% in 2020, thanks in large part to the coronavirus pandemic. While some may only experience poverty briefly, others remain trapped by it for a lifetime, with generations weighed down by its persistence, even in America. So, what are we to do? As January is National Povert ..read more
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How to Get Your Recovery Rebate Credit
Freedom Debt Relief
by Anna Baluch
3y ago
In response to the economic downturn brought about by the coronavirus pandemic, the government directed the IRS to issue two stimulus payments. One check for $1,200 was sent in the spring of 2020, and the second, a $600 payment, began to go out at the end of December 2020. If you didn’t receive one or both of the stimulus checks or received less than you’re entitled to, you’re not alone. The good news is you may still collect some of what you may be owed via the recovery rebate credit. Let’s take a closer look at why you might not have received your stimulus payment(s,) or were sent less than ..read more
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Financial House Cleaning: How to Organize Your Finances in 2021
Freedom Debt Relief
by Anna Baluch
3y ago
Just like a messy home, messy finances can be stressful and overwhelming. The good news is there are plenty of ways you can organize your financial house and start the New Year off on the right foot. By cleaning and organizing your finances the way you would your house, you’ll be more likely to stick to your budget, save money, and meet your short and long-term goals. So if you’re ready to set up a realistic financial plan and learn how to organize your finances in 2021, here are some tips to get you started. Create a budget (or tweak your current one) Any financial plan, new or old, starts wi ..read more
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Should You File Your Taxes Early This Year?
Freedom Debt Relief
by Sara Korn
3y ago
If money is tight in your household right now, it may be helpful to file taxes early this year. Let’s look at some of the benefits of filing early, how soon you can file, and things that might delay your tax refund. We’ll also go over how the CARES Act stimulus payments and charitable contribution benefits could affect your 2020 taxes. How and when to file taxes If you’re new to filing taxes or just want a quick refresher, here are the essentials. Tax filing deadlines The most common deadline for filing taxes is April 15. That is the deadline for individual and C corporation returns. Partnersh ..read more
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Meet Freddie Huynh — VP of Data Optimization, Freedom Debt Relief
Freedom Debt Relief
by Tanya Sotos
3y ago
As part of our continuing blog and video series “Meet Our Leaders”, we sat down with our VP of Data Optimization for Freedom Debt Relief, Freddie Huynh. Freddie has had a long career in the financial sector, starting with his B.A. in Math from Claremont McKenna College, and an M.S. in Operations Research from Stanford. Freddie spent more than 18 years at FICO, overseeing the development of FICO® Scores 8 and 9. Here we ask Freddie questions about his career, how he came to Freedom Financial Network, and a few things he wishes more people knew about money and finance. Freedom Financial Network ..read more
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How Will You Spend Your Second Stimulus Check?
Freedom Debt Relief
by Molly Zilli
3y ago
At the end of December, Congress passed and the President signed the COVID-19 Economic Relief Bill. This means, among many other things, that a second round of stimulus checks have already started to go out. If you’re expecting to receive this infusion of cash, how would you spend it? According to a recent study, 36 percent of people put their first stimulus check toward savings, 35 percent used it to pay down debt, and 18 percent spent it on more immediate necessities. However, what you spend this next round of stimulus money on may look different this time around. Maybe you need to spend it ..read more
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Now’s the Time to Deal with Holiday Debt – Here’s How
Freedom Debt Relief
by Anna Baluch
3y ago
It’s always a little sad when the holidays are over. But now that the celebrations are behind us, it’s time to start a new year and to face the challenges ahead, including dealing with any holiday debt you may have accumulated over the past few months. As tough as it can be to face up to holiday debt right now, there are good reasons to do just that. Consider this: If you put $1,000 in holiday purchases on a credit card with 16% interest, and only make the minimum payments, it’ll take you five years to pay it off. The good news is the faster you tackle your debt, the more you can save on those ..read more
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When do COVID Relief Unemployment Benefits End?
Freedom Debt Relief
by Steve Tanner
3y ago
A historically stressful year was poised to become even worse for millions of Americans before Congress finally passed, and the president signed into law, a second coronavirus stimulus package. Federal legislation passed in March provided an additional $600 in weekly unemployment insurance (UI) benefits, which were set to expire by New Year’s. Now $300 in extra weekly payments have been extended through March 14, 2021, so UI beneficiaries can breathe a small sigh of relief. Many state governments also have stepped in to help struggling workers, with additional state unemployment benefits, exte ..read more
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