Credit cards are flexible and easy to use for your everyday expenses.  However, over the course of time your rates and fess started to gradually increase.  Needless to say , due to circumstances beyond your control you find yourself drowning in debt.

Do you have more than $5000 in debt on more than 3 credit cards?  Understanding how you got into this problem and finding ways to resolve the problem is the first step in giving you – your start to financial freedom.

I read a quote by Pat Robertson and his advice was this ” The law of compound interest coupled with the law of use will lead to amazing things. Meaning if you save it and compound it – sooner or later you will come out with something better” I happen to agree with his observations and comment.

You first want to consider your options and carefully   dig yourself out of debt.  A debt settlement company  is a variable option.  An experienced debt settlement company has the resources and the ability to negotiate on your behalf.  The consumer needs to faithfully follow the plan that the settlement company has placed into action.  The financial plan may take as little as 12 months or more than 48 months on your outstanding unsecured debt.

It may be tough in the beginning to make those sacrifices but once you follow and complete the debt settlement program you can begin your journey to financial independence and starting letting your money work for you.

Call today and speak to a consultant with will be able  to answer all of your questions.

Well, let’s take a look. Credit counseling is when you use a company to manage payment of your consumer debt for a prescribed period of time – typically 3-5 years. In this article we’ll review the pros and cons of credit counseling to help you see if it right for you. Pros of Consumer Credit Counseling      Pro 1 – “Re-Rating” your delinquent accounts. If you enter into a credit counseling program with delinquencies already on your credit report, it is possible after a period of time to have those accounts “re-rated.” The credit counseling company can negotiate with your creditor to get the creditor to agree to “re-rate” or “re-age” or “cure” your account once they have received a pre-determined number of on time payments. Once you have made these payments, the creditor will note on your account that you are now paying them as agreed. You want your credit accounts to get “re-rated” as quickly as possible. This process is a “line in the sand” from being delinquent to having good credit again. The more on time payments you can show on your report the better and the quicker your credit bounces back.      Pro 2 – Simplified payments. Generally, you wouldn’t enter into a credit counseling program if you only had one credit account that you wanted to manage. Most of the credit reports that I have seen where my customer was in credit counseling had more than 5 credit accounts in the program. With so many payments to worry about, it’s no wonder why some payments get missed, etc. In a credit counseling program, you typically make one payment to the counseling company and they in turn pay your creditors.      Pro 3 – Chances are if you had any delinquencies with your credit cards you are likely to be paying an interest rate greater than 20% on them. Creditors are more likely to reduce your interest rate if they know you are in a counseling program. They might not even charge you interest so that you can pay your debt to them. This will allow you to pay them off more quickly.

What is Christian Consumer Credit Counseling?  I have done some research on what Christian Debt Management is and honestly I do not know how it differs from regular mainstream debt consolidation and debt reduction.  It does seem that the advertising uses a lot of reference to the bible.  It appears to be just a marketing ploy to make people feel at ease about signing up for a debt management program.  My guess would be once you pull up the hood and take a look, it would just look like any other debt management company. They are probably just interested in signing you up to make money rather than serving God.  People are untrustworthy when it comes to money.  Good church people with throw integrity out the window for money. Be careful.

Check Out A Christian Debt Company before you sign up with them

Before you sign up for Christian debt services make sure that you check them out.  I would Google them, call the better business bureau and even contact your local consumer protection agency.

God helps those who help themselves.  Don’t take their word for it, check it out thoroughly before you sign up with a Christian Debt Outfit.