I guess my question could be what is the difference between a Christian Debt Consolidation Company and a normal one? Well there are some pretty obvious differences that can make a christian debt consolidation company a better fit for some people.
They have become popular in recent years and offer products that are quite competitive compared to their earlier attempts to enter the mainstream market.
Why do they exist? Well it originally started out as a community effort for Christians to help out other Christians with debt issues.
Obviously the christian ethos insisted that this service be available to the wider community and they became more professional and organized, which is what we see today with the professionally run christian debt consolidation companies.
Christian consolidation programs are specifically based on the biblical principle that one man cannot serve 2 masters.
When a person is in debt, he remains under the authority of 2 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 your dues faster and lead a debt free Christian life.
What is the difference with a normal company? The differences are only skin deep.
Essentially they provide the same service as other debt consolidation companies.
I guess the main difference is that their decisions are focused around abiding by a set of christian values.
However the law is based around the same values so the difference is not huge.
Specifically some differences include: - Christian companies often offer lower fees - Christian companies can offer counselling (emotional) for the afflicted parties involved as opposed to just debt counselling - Christian companies believe a debt should be honoured and as a general rule do not offer bankruptcy as an option.
- Christian companies also offer more management services where they are actively involved in your budgeting Are they non-profit organizations? The short answer is yes.
However they are definitely not free and aim to cover their cost of operations.
So it doesn't really matter if you use a christian company or a regular company.
The end result will be fairly similar.
The choice is entirely a personal one and should reflect the situation you are in.
The most important decision is to seek help from a professional if your debt situation has become unmanageable.