Do you dread getting the mail and finding more bills, more late notices, and more threatening letters from creditors? Do you cringe when you see a call come in from "caller unknown", fearing its the creditors calling to harass you once again for late payments to your credit card accounts? Or perhaps it is not this dramatic but it is still a very real problem.
Maybe you have got half a dozen credit card accounts, that seemingly of their own accord ballooned into 4 or 5 digit numbers, and now you and your family are suffering for it, playing a juggling act between groceries, rent, and credit card debt, to say nothing of school supplies, new shoes, and entertainment money.
You have probably seen the cheesy commercials on television offering to help people with debt if you "just call the 1 800 number on the screen now".
Like any service, some are great, and some are not so great.
When it comes to finances, there appears to be a bit more on the side of "not so great", leaving many jaded as to the integrity of financial companies.
Christian families feel this burden just as anyone else would, and one thing that Is developed in response to this is Christian based debt consolidation.
What does this mean? It is much like a traditional service but with a few tweaks.
The basics are the same: a debt consolidation company will pay your debts off individually.
In their place, a new loan is made for the total amount of all the loans paid off.
This loan is offered by the debt consolidator, and exists directly between them and the person holding the debt.
Once consolidated, the idea is that you have a single payment, a single interest rate, and a manageable payment plan.
The idea in and of itself is great and has helped a huge amount of people get back on their feet.
The twist with a Christian Counseling company is that the services are usually operating on a not for profit basis and with the Christian faith at the forefront of everything being done.
This means first that the interest rate on the new loan is going to be quite competitive, which is another word for "lower", which is another word for "saving you money"! Additionally, the company helps people understand finances from a Christian perspective, usually Bible based principles to help manage finances and the family budget.
These Christian budget tips can be very helpful for someone learning how to manage their money.