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BFN Giveaway: Win a Premium Membership to BeDebtFreeAmerica.com
Last week I shared a debt repayment calculator site and today I’d like to share another one that you might find interesting. This week, let’s take a look at BeDebtFreeAmerica. Also, Chris, the creator of BeDebtFreeAmerica, has donated a certificate for a free Premium membership at the site so let’s take it a step further and run a giveaway, too. Check out the bottom of the post for details.
What is BeDebtFreeAmerica?
BeDebtFreeAmerica is a “debt elimination tool” that can help you optimize your debt repayment schedule. It seems to work in the standard manner you would expect from such a site. You enter all of your debts and their associated information (balance, interest rate, etc) and the software creates a customized, and customizable, plan for you to efficiently pay them all off.
Multiple Reports
BeDebtFreeAmerica provides the user with multiple reports so that can keep on top of your plan and how it is proceeding. You can view the details for one debt at a time, or a detailed list of every debt, monthly payment, interest paid, balance remaining, or just the stripped down basics of what to pay each month. For people who like to look at data a bunch of different ways (ok, for nerds like me) this is a handy feature. Click here to check out a sample account.
The tool appears to use the interest rate method for determining to order of payoff (pay off the highest rate loan first) but the site states that sometimes it chooses to give a smaller debt higher priority in the payoff list a la Dave Ramsey’s debt snowball. It does provide what I consider to be a nice feature in that you can manually adjust the order the debts are paid off if you decide that you really want to pay off a specific debt first (or last, I guess).
Free “Kick-the-Tires” and Premium Memberships
I like that BeDebtFreeAmerica provides free access as well as a premium membership. Even the premium component currently only costs $30 for a lifetime membership though, so it’s not exactly big bucks we’re talking about. The free component provides the basic functionality but you are limited to four debts and it limits some of the capabilities. For instance, with a premium membership, you can modify interest rates and add extra payments at any time and can view all of the reports (you only get the basic report in the free account). Check out this comparison for more details.
Overall this looks to be a pretty nice tool and I’d recommend you take a look at it if you are in need of the assistance. The ability to try it out via the free membership is a great way to delve into it and take it for a test spin.
Win a Premium Membership
But why settle for the free membership when you win a premium membership! If you are interested in winning a premium membership to BeDebtFreeAmerica, all you have to do is leave a comment on this post. Tell us how many debts you are going to pay off with its help….or if you don’t feel like doing that, then just say it’s none of our business!
To Review:
- Leave a comment below
- Updated: The giveaway will close Tuesday, February 9th, 2010 at 11:59 PM EDT.
- I will randomly select a winner using random.org . The winner will be announced February 10th and I will contact you via email – so please leave a valid email address in your comment.
- Good luck!
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5 Responses to “BFN Giveaway: Win a Premium Membership to BeDebtFreeAmerica.com”
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My husband just finished grad school and started work in the “real world” today, so we will begin paying off his student loans (and mine) totaling over 70K as well as a large pile of medical bills and other debts. We are planning on hammering out the debt snowball plan this month, but it is still overwhelming! The calculator/debt payment plan help at BeDebtFreeAmerica sounds very helpful and winning the premium membership would be even more helpful
@Kari – congratulations to your husband on completing grad school and starting in the real world! I will be sending you an email with the coupon code to upgrade to a premium membership at BeDebtFreeAmerica.com. Hopefully it will be a big help in getting you guys started on the path to debt freedom! Please check back and let us know your thoughts on using it.
Kari,
Congratulations from myself as well. (I’m the creator of BeDebtFreeAmerica.com). It will be exciting to see how much money you will be able to save in interest charges and how much sooner you will be able to be debt free as compared to a regular payoff plan. The debt snowball actually works better with more debts. I know it sounds overwhelming, but having a payoff plan created for you should help keep you on track. Feel free to email me from the site if you have any questions about it.
Very well wrote. I may use something from your article. not like many others wrote just to be.
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