When it comes to a Christian consolidation counseling program for credit card debt, not all companies are created equal. Unfortunately, there are firms who use poor business practices and ethics to prey upon their clients’ vulnerable economic position. Some firms offer rates and terms which seem like a good deal for the consumer, except that they contain hidden fees and other factors which negatively impact a person’s ability to pay off their loan.
Thankfully, there are Christian debt consolidation companies which provide honest and ethical services to help a person pay off debt without taking advantage of their financial situation.
Important Characteristics to Look For in a Christian Consolidation Company
If you have an unmanageable level of debt which seems to continually grow with each passing month, it’s time to consider debt consolidation as a tool to pull yourself out of an endless debt spiral. When individuals carry an excessive level of debt, specifically credit card debt with high interest rates, the task of getting out of debt can become increasingly hard as time goes on. Interest can begin to compound upon itself, making it difficult to ever regain a solid financial footing.
Utilizing a debt consolidation loan can be a great way to get out of debt without needing to declare bankruptcy, providing consumers with a valuable tool to attain financial freedom. But it’s important to carefully consider the particular debt consolidation company you decide to work with. There are a number of crucial characteristics which need to be taken into account prior to agreeing to work with a firm.
First and foremost, it’s vitally important to work with a debt consolidation company that has licensed and certified counselors on its staff. Certified counselors go through an intensive training process to ensure they are knowledgeable in the field of finance, credit, and debt. The financial world can be a complex and confusing space to navigate and many people lack an in-depth understanding of this world. As a result, having a trusted expert to guide you through the murky space of credit and debt can prove invaluable in the long-term.
Receiving poor, misinformed, or incorrect advice can prove to be devastating if you make an incorrect decision regarding your debt and credit. A certified and licensed credit and debt counselor is tested by the National Foundation for Credit Counseling and must complete continuing education credits in order to maintain their license. For the consumer, this means you will be receiving guidance from someone who has taken the necessary steps to educate themselves on the ins and outs of the financial world and can provide you with a plan to pull yourself from the depths of debt.
What makes a great credit and debt counselor comes down to their overall understanding of the financial world and their ability to provide tangible actions which individuals can easily implement. A reliable credit counselor will be able to assist a person with budgeting and help to formulate a manageable debt plan. This may include a debt consolidation loan to lower a person’s interest payments. A credit counselor can also offer loan counseling to assist an individual when they are considering taking out a loan, providing in-depth advice and simplifying complex terms into easy-to-understand language.
The Benefits of Working With a Christian Debt Consolidation Company
The world of debt consolidation can be a difficult one to navigate, as there are many companies which seek to take advantage of a person’s predicament. The last thing a person wants to have to deal with is compounding their difficult financial situation by working with a firm that makes it difficult to fully get out of debt. The feeling of drowning in debt is bad enough; you don’t need to complicate your situation by working with a predatory or questionable debt consolidation company.
Thankfully, there is a Christian consolidation counseling program for credit card debt that provides honest, ethical, and trustworthy assistance to those in need. Making the decision to work with a debt consolidation firm guided by Christian ethics can provide much needed peace-of-mind, as you will be working with a business that is guided by a strong sense of right and wrong.
The Bible has many things to say about debt which can offer insight to those seeking answers to their dilemma. In many verses, the Bible discusses the importance of keeping one’s word when it comes to debt and financial obligations. Psalm 37:21 states “The wicked borrows but does not pay back, but the righteous is generous and gives.” Ecclesiastes 5:4 states “It is better not to make a vow than to make one and not fulfill it.” God does not look fondly upon those who decide to forgo their obligations to pay, but He also doesn’t want us to remain in debt forever.
In order to build God’s kingdom on earth, we must have the financial freedom necessary to make this dream a reality. A major component of this is to remain out of debt whenever possible, or to make a realistic and attainable path for reaching this goal.
If you or someone you love is struggling with an unmanageable level of debt and is seeking solutions, contact Christian Debt Counselors today. We offer faith-based debt counseling services to individuals seeking a reliable and sustainable way out of debt and are committed to empowering our clients with the tools and resources they need to become debt-free.