When Will You Do Your Happy Dance?
Angelique is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
Credit card debt is a huge problem in America, currently only surpassed by student loan debt. Which, while an enormous issue, usually doesn’t come with the same high interest rates and punishing penalties that make it almost impossible for people to dig their way out. Credit card debt can be a devastating problem robbing Americans of their dreams.
Last year The Motley Fool started looking at ways that we could give back to the world by utilizing our financial and internet expertise to touch as many lives as possible. For years we've done an annual "Foolanthropy" fundraising drive, donating millions of dollars to various charities, but we were looking for a way to personally help as many people as possible with a major financial problem and we wanted it to relate to The Motley Fool's purpose:
To help the world invest. Better.
We decided to create a new "Foolanthropy" division (www.foolanthropy.com) of The Motley Fool. Foolanthropy's purpose is: To prepare the world to invest.
There are many financial issues that need to be addressed that are preventing people from being in a position to invest such as financial literacy, lack of emergency savings, retirement readiness, and various types of debt. The first issue that we've decided to address is credit card debt.
Within the next couple of months, we'll be launching a brand new totally free website called HappyDanceDay, dedicated to the day that you do your debt-free happy dance. We'll offer great fun-to-read content, independent 3rd party advice on where to go for additional help if you need it, amazing online tools and a supportive community of people all working to help each other get out of debt. To get the conversation started, we've launched our Facebook page called "Debt Free Happy Dance" and can be followed on twitter @HappyDanceDay.
In the meantime, if you or someone you know is in debt and would like to start working attacking it, you can download this FREE REPORT, "17 Things You Need to Know About Credit Card Debt Today." The report discusses some of the recent changes to credit card laws that impact anyone who has a credit card or is thinking about applying for one; provides steps for tackling credit card debt; and, information on how to protect your credit score. Its useful information for anyone and 100% FREE. Providing us with your email address will allow us to let you know when the new website is up and running.
We can't wait to see your Happy Dance!