Christian Debt Consolidation - Why Is It Christian?

The concept of debt consolidation is quite simple. It involves the consolidating of a person's debts - or as many of them as possible - into one big lump sum. Many of these debts are likely to come from credit cards. Others might involve the purchase of household items on credit, or loans to buy homes, cars or furniture.

A debt consolidator will work to lump as much of this debt into one sum, with one regular payment, rather than many. The consolidation of many smaller amounts into one larger sum might lead to the payment of a lower interest rate.

But check out the internet and you will find many debt consolidation companies describing themselves as "Christian." What does that mean? Are these companies somehow more caring, more compassionate, more humble, more serving, more...Christian?

It might not mean much at all. It is not difficult to add the title Christian to your company name or slogan, in hopes of giving yourself some sort of competitive edge, and to draw in Christian clients. Just because the company's bosses go to church does not necessarily mean that they somehow run a business that is superior to others.

So what do the companies themselves claim? According to the Debt Free Christian website:

All debt management companies are given the same rates from the creditors (banks) to extend to debt management customers like yourself. These rates have been pre-negotiated. All companies, like ours, are equal in what rates we can offer you. NO ONE gets a better deal....SO WHY GO WITH US? The difference is in our ministry focus and service. We’re interested in not only getting you out of debt, but keeping you out. We’re also passionate in helping you become good stewards of God’s resources.

Debt Consolidation Care says:

Christian debt consolidation is all about helping you to pay off debts and putting your financial life in order using the biblical principles of honesty, honor and financial responsibility....Christian debt consolidation works in a similar way as any other debt or bill consolidation program. However, Christian debt consolidation programs are specifically based on the biblical principle that one man cannot serve two masters.

When a person is in debt, he remains under the authority of two masters - God and the money he owes. By freeing himself from the bondage of debt, man can devote his time to the service of God. Here lies the need to pay off debts faster and lead a debt free life.

...Christian debt consolidation services make it clear that as a debtor, you should honor your payment on bills and debts. The aim of Christian consolidation is not only to help you reduce your debt burden but also to show you the way to live within your means. This is to ensure that you don't fall into the debt trap again.

And Christian Debt Management writes:

God knows what you need before you ask, so begin to trust Him for the things you need but can't afford. Make all financial decisions based on the principles of God's Word, not the world's financial principles and conventional financial wisdom. Christian Debt Management will return you to a simpler lifestyle - a life of joy and service that God and His son intended for all of us.

March 14th, 2009

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