Many Christians feel uncomfortable with the notion of being
in debt, and even more so when the debt has gotten out of control. Some say that
it is not acceptable for Christians to owe any money, even for such necessities
as a home. Others feel that such debts are acceptable as long as debt does not
place a burden on the family’s finances.
In recent years, the number of
debt consolidation and credit counseling firms that specialize in catering to
Christian clients have increased dramatically.
Christian debt consolidation
and credit counseling agencies are aware of the concerns Christians have
about debt. They can help you consolidate your debt, establish a repayment schedule,
arrange to allow you to continue tithing, and provide the additional spiritual
counseling that you may need to help you stay out of debt. All of this is done
in a way that is consistent with Christian beliefs and the teachings of the Bible.
Creditors recognize that people who enter a debt consolidation program
are trying to repay their obligations in good faith. Creditors are more willing
to extend favorable terms to such clients in the hope that they (the creditor)
will avoid the significant expense of turning the account over to a collections
firm or avoid an extended drawn out process if the account holder goes through
the expense of declaring bankruptcy.
Experienced Christian Debt consolidation
and credit counseling services know this, and they have experience working with
creditors to ease the burden of repayment. They can help you renegotiate loans,
reshape payment schedules, reduce your interest rate or obtain a loan that consolidates
your debt. Many of these firms are nonprofit; they are in the business strictly
so that they can help fellow Christians to get back on their feet and free from
the burden of unusually heavy debt.
If this sounds like something that
suits your personal needs, you should consider contacting a Christian debt consolidation
or credit counseling agency.
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more information about debt management, read our article on Debt
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