Debt Consolidation

Custom Search
 

Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
Leasing After A
Bankruptcy: Is
What the New
What You Need
Bankruptcy Attorney -
Bankruptcy Chapter 7
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy
Filing Chapter 7
How To Avoid
Upgrading Your Financial
New York City
Clear-A-Debt: 12 Myths
Clear-a-debt: What Happens
Debt-Are You Bankrupt
Life After Bankruptcy
Access to International
After Filing Bankruptcy:
It's Always the
So You Thought
Avoid Bankruptcy -
Credit After Bankruptcy
10 Ways To
Life After Bankruptcy
Personal Loans after
Bankruptcy Lawyer: Your
2005's Bankruptcy Laws
Are You Considering
Proven Alternatives To
What You Need
What You Need
Sitemap
Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
 
Bankruptcy Or Debt Settlement
by Christian N
Bankruptcy or debt settlements often seem like the only options when financial pressures begin to build. The problem with choosing bankruptcy or debt settlements is that the decision has consequences that will effect the next seven to ten years of

Bankruptcy or debt settlements often seem like the only options when financial pressures begin to build. The problem with choosing bankruptcy or debt settlements is that the decision has consequences that will effect the next seven to ten years of your life. Most people know that by choosing bankruptcy or debt settlements, they may have difficulty financing a home, car or any other large purchase. If you think you are not in the position to purchase these things anyway, which makes bankruptcy or debt settlement an attractive choice, consider this: many people have found it difficult to rent an apartment or secure a school loan because of a bankruptcy or debt settlement on their credit report.

While bankruptcy or debt settlement seems like a quick fix to a difficult problem, the reality is that bankruptcy or debt settlement is often only a continuation of a deeper problem. Before pursuing bankruptcy or debt settlements, answer a few questions honestly: why am I this position? Is this financial pressure the result of choices I have made? Can I get out from under this pressure if I begin to make different choices? Once you answer these questions, you can begin to see if bankruptcy or debt settlements would be a wise choice for you. Before you choose bankruptcy or debt settlements, consider contacting a Christian organization that can teach you some basic biblical principles of money management. These Christian organizations will be able to help you determine if a purchase is a need or a want, and once the distinction has been made, you will be better equipped to decide if the purchase is warranted.

Bankruptcy or debt settlement should be contemplated not only from a financial perspective, but also from a moral perspective. Companies lend money to borrowers in good faith. If you have agreed to pay back that money (and your signature testifies that you have) you have a moral obligation to do everything in your power to pay back that money. This may mean living on a strict budget for the next few years instead of opting for the apparently quicker solution of bankruptcy or debt settlement. The other issue people may need to resolve before choosing the bankruptcy or debt settlements is whether the debt they have acquired is a result of greed. If so, bankruptcy or debt settlement does nothing to alleviate the bigger problem, which increases the likelihood of repeating the debt cycle.

The Bible is clear in its warning against greed, and upon reflection people may realize the root issue of their debt is less about having insufficient income and more about having a covetous heart. The sin of greed will bring stress and discontentment not only into your life but also into the life of your family, so reject the temptation to make purchases before you can afford them. He that is greedy of gain troubleth his own house. (Proverbs 15:27)

For more information about bankruptcy or debt settlement, visit:
http://blogs.christianet.com

 
The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Bingham town Berryville town Moundridge Camp Verde town Cedar Creek township Republic village Oakley township New Auburn village (pt.) Stewartstown borough Balance of Shelby town Egg Harbor township Fisher township Marvell Armstrong Fairchance borough Turtle River township Northrop Eaton Pleasantville Littleton village Montreal Middlefield town Ithaca New Port Richey Beecher village Wilkinson town Volo village Balance of Alto township Avondale borough Marietta town USA UK Australia Canada Norway Venezuela Philippines Cote d'Ivoire (Ivory Coast) Wake Island Saint Vincent and the Grenadines Finland Tajikistan Armenia Flintshire Wigtownshire Flintshire Aberdeenshire Anglesey Rutland Fermanagh Shetland Lancashire Cardiganshire Kansas (KS) Kentucky (KY) West Virginia (WV) Pennsylvania (PA) Virginia (VA) Tennessee (TN) Ohio (OH) New Hampshire (NH) Maryland (MD) Georgia (GA) Palau (PW) Georgia (GA) Montana (MT) South Carolina (SC) New Hampshire (NH) South Dakota (SD) Massachusetts (MA) Michigan (MI) Connecticut (CT) West Virginia (WV)