The tight financial situation all around has seen many people go down into pools of debt. Hence, many are seeking out means to get rid of their debt burden through various debt relief programs. Out of these, Christian debt consolidation seems to be a quite popular one. If you’ve been thinking of going in for Christian debt consolidation, then read on to know more.
What is Christian debt consolidation?
Christian debt consolidation is a method of consolidating your debts based on the biblical principles of honesty, sincerity, and honor. The Bible says that you can’t be serving 2 gods at a time. Hence, you’ve got to be debt free to serve the true Almighty. This is because unless and until you’re debt free, you’d actually be at your debt service and this is not the right way to go as per the Bible.
There are quite a few Christian debt consolidation companies out there that work on the above mentioned principles. They help you come out of debt. Quite a few of these are non-profit organizations too.
How would you get a Christian debt consolidation?
You can get a Christian debt consolidation for yourself by following the 3 methods given below:
- Obtain your credit score
You should first get hold of your credit report from Annual Credit Report. This is a Federal Trade Commission authorized website that offers free reports as per the guidelines of the Fair Credit Reporting Act. Go by the instructions provided in your credit report and order for your credit score by paying a fee. You should know that the Christian debt consolidation companies follow the same credit qualification rules as other debt consolidation companies do. Hence, you can expect to pay more as fees and interest rates if your credit score happens to be low.
- Find the right company
It’s extremely important for you to find the right Christian debt consolidation company for yourself. Don’t be misled by any and every company advertising themselves as Christian debt consolidation companies. You should do your research really well before opting for a company. Surely you wouldn’t like to land up with a fraud company which would lead you to more trouble plus worsen your present situation. It’s advisable that you got referrals from the Salvation Army, or the United Way, or from churches.
You should secure a detailed written proposal stating how exactly the Christian debt consolidation company intends to help you out. This should be an elaborate proposal stating an accurate list of all the debts you’re consolidating, the total cost of your debt consolidation including the fees, finance charges, interest rates, etc.
- Get things verified
Never forget to get all your documents verified. No matter how sure you might be about what you’re doing or about the Christian debt consolidation company you’ve opted for, you should still get things verified. Show the proposal to any reputed credit counselor at a church or perhaps at any faith-based organization to get a second opinion.
Now that you know how to go about Christian debt consolidation, surely it’ll be easier for you to deal with the entire process. Keep in mind the above details and help yourself become debt free like a true Christian.