The Ethics of a Christian Debt Consolidation Company
Angela Rogers
There are a number of Christian debt consolidation companies which may appear to be against a lot of Christian's beliefs. However, these Christian debt consolidation companies ensure fellow Christians that it is Biblical to take advantage of a program run by a Christian debt consolidation company.
Whether a Christian can get into debt ('money or property which one is obligated to pay another') is being debated within the Christian community. Some say it is not O.K. for Christian to owe any money, even for auto and/or home loans. Others say that it is O.K. to sustain some personal debt as long as the item purchased is an asset with the potential to appreciate. Another that it was purchased to produce an income or that the value of the item purchased equals or exceeds the amount owed against it or the debt is not so large that repayment puts undue strain on the budget.
Christian debt consolidation companies point to the passages in the scripture regarding debt and borrowing. 'Owe no man any thing, but to love one another' (Romans 13:8). Proverbs warns us that, 'Just as the rich rule over the poor, so the borrower is servant to the lender' (Proverbs 22:7). Christian debt consolidation companies also say that it is very clear in the scripture that we are to pay back what we borrow as it says 'The wicked borrow and do not repay, but the righteous give generously' (Psalm 37:21).
Christian debt consolidation companies say that the Lord wants us to live an abundant life which becomes increasingly more difficult with increasing debt and that being free from any financial encumbrances is an incredible empowering feeling. Christian debt consolidation companies are committed to helping people get back control of their finances and become debt free. This is an interesting twist on the words of the scripture but many Christians believe that they cannot deal with a non-Christian organisation but are perfectly comfortable with Christian debt consolidation companies. Interestingly, Christian debt consolidation companies do not have any restrictions on the religious beliefs of the people that they lend to - of course, that would be discrimination, but it is worth wondering why they claim to be Christian debt consolidation companies and not simply debt consolidation companies.
Christian debt consolidation companies claim to be offering people the ability to re-finance their debt at lower interest rates, some even to zero interest. The simple fact is that being a Christian debt consolidation company or a non-Christian debt company does not seem to have made any difference in their ability to make false claims! There is no reason to choose a Christian debt consolidation service over any other apart from personal preference.
Get more information on Christian debt consolidation companies.
About the author:
Angela Rogers is the editor for http://www.debt-helper.info -
Take a view on
finding low interest debt consolidation loans.
The latest information and news on Consolidate Debt Online :
Many consumers reach a point in their lifetimes when they have too much debt, particularly credit card and other forms of unsecured debt. Fortunately, there are potential solutions for people who are overwhelmed by debt.
Financial management class offered (Altus Times)
Martha Road Baptist Church understands that the American family is under attack today in many ways. The most obvious attack is the area of personal finances. With more than 1.5 million personal bankruptcies last year and the explosion of lending companies offering debt consolidation loans, it appears that our affluent culture is not quite that affluent after all. With more and more people using ...
Consumer Watch: Bankruptcy Vs. Consolidation (WCBS-TV New York)
Tightening finances are a real problem for many families, so if you feel like your income is shrinking with ever-growing expenses, you are not alone. It's hard to find someone these days not affected by rising mortgage rates, skyrocketing credit card interest payments, and a super-sized bill at the grocery store.
Is Denmark?s Roskilde Bailout a Harbinger of Deals to Come? (New York Times)
The Danish central bank bailout of regional lender of Roskilde Bank may signal the start of consolidation among the countries financial institutions, an analyst told The Wall Street Journal.
Banks to get Rs 25,000-cr farm loan relief in Oct (Business Standard India)
The government will reimburse Rs 25,000 crore to public sector banks, regional rural banks (RRBs) and cooperative banks in October as the first tranche of payments for the Rs 66,600-crore farm debt relief scheme.
Air China's first-half profit fell while China Eastern lost money (Internatio...
The airlines warned that, with high fuel prices, the rest of the year would remain challenging for the industry.
TUI in difficult spot as it tries to sell Hapag-Lloyd shipping unit (Internat...
The German company is under shareholder pressure to sell, but with slower growth in freight rates on the horizon, it is unlikely to get a good price.
Valora Holding AG / other / Valora announces satisfactory results for first-h...
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
ATW Daily News (Air Transport World)
Air China's first-half net income fell 20.7% to CNY1.24 billion ($180.8 million) on surging oil prices and softening traffic resulting from May's Sichuan earthquake and heightened security surrounding the recently completed Olympics.
euro adhoc: Valora Holding AG / other / Valora announces satisfactory results...
First half 2008 28.08.2008 - Net sales increase and operating earnings ...