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Prepaid Card for Credit Problems

Product: Real Money Prepaid Visa Card
Company: The Freedom Point

Debt is an issue for millions of people. Industry experts estimate that roughly 3 million people contact credit counselors every year for help with debt management.

Most have been denied access to credit and, with that, all the advantages that come with having plastic in the wallet.

Credit counselor and financial educator, The Freedom Point, offers a prepaid solution for those whose poor credit prevents them from obtaining a credit card. The Freedom Point's Real Money Prepaid Visa Card is a multifaceted solution to help cardholders manage their debt.

Accepted everywhere that displays the Visa logo, the card includes three separate accounts. Because it is prepaid, no overspending or fee accumulation can occur.

From one account, the main spending account, consumers withdraw money at ATMs and the POS. The second account is intended specifically for bill payment. Consumers can automatically set up this account to pay their bills with more than 2,500 different companies.

The third account is for savings. Cardholders add funds to the account or transfer money between accounts online, over the phone, at the POS or using direct deposit.

A budgeting feature tracks the user's spending habits. Purchases they make using the card are organized into specified budget categories including rent, bills, food, insurance and dependent care.

The Freedom Point

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