Debt Consolidation

Custom Search

Debt Consolidation
Debt Relief
Begin The Debt
Free From Debt
Get Rid of
Beating Debt with
4 Debt Reduction
Consolidate Your Government
Bad credit debt
How To Do
Debt Elimination Program
Debt Management Plan
Debt Reduction Program
Unsecured Debt Consolidation
Debt Recovery Solutions
The Time To
Debt Consolidation Solution
Bad Credit Debt
Dealing With Debt!
The Real Cost
Debt Negotiation for
Low Cost Debt
The Easiest Way
Debt Consolidation Loans
The UK's Growing
Debt Consolidation Loan
Got Debt -
Why an Alternative
Student loan consolidation:
Being Informed About
Consolidation loans for
Debt consolidation loans
Unsecured consolidation loans:
Credit Card Debt
Why You May
Student Loan Consolidation,
Debt Stress, The
Debt Consolidation
Debt Relief
Christian Debt Consolidation Company Versus A Regular Debt Consolidation Company
by Darnell Scott
Repaying numerous loans and facing the hassles of creditors proves to be tedious after some time. So if you cant face all this, it is better to seek the help of a debt consolidation company. A debt consolidation company replaces all your loans wi

Repaying numerous loans and facing the hassles of creditors proves to be tedious after some time. So if you cant face all this, it is better to seek the help of a debt consolidation company. A debt consolidation company replaces all your loans with a single debt consolidation loan. You only have to pay the debt consolidation the monthly payments; the company then pays all the creditors. You then dont have to handle the creditors or face their bickering.

There are basically two types of debt consolidation loans; secured and unsecured. In the secured loan, you have to pledge collateral for the loan. If you fail to repay the loan, this collateral is seized by the company. In the case of the unsecured loan, there is no need of any collateral being pledged. However, the amount that can be borrowed here is lower, with a higher interest rate.

Christian debt consolidation companies and regular debt consolidation companies basically provide the same facilities. The difference lies in their beliefs. The Christian debt consolidation company ensures their fellow Christians that it is Biblical to take advantage of any program that is run by a Christian debt consolidation company. Christians generally feel its wrong to fall into debt. Some say that it is not permissible for a Christian to owe money even for auto and home loans. However, there are others who feel that it is okay to sustain some form of debt, as long as the item the loan is taken for has potential worth appreciating.

Christian debt counseling companies say that it is allowed to be in debt if the loan was taken to produce an income or if the value of the item equals or exceeds the amount borrowed. Christian debt counseling companies say that we have to pay back whatever is borrowed. They quote from the scriptures that “The wicked borrow and do not repay, but the righteous give generously” (Psalm 37:21).

Christian debt consolidation companies feel that living life is increasingly more difficult with increasing debt. So they are committed in helping people gain control of their finances and to become debt free. It is due to all these thinking that the christian debtor generally feels that they cannot deal with a regular debt counseling company, but are comfortable with a christian debt consolidation company. Christian debt consolidation companies claim to let people refinance their debt at lower interest rates; sometimes even zero interest.

However, whichever debt consolidation company you choose, it is better to do some background check on the company. Find out how long the company has been around, and if there is no information, then there is no need of approaching the company. The best way of finding more information on the companies is by checking with the local Better Business Bureau, state Attorney General and the consumer protection agency. You can also find out from the Attorney General if a license is required to run a debt consolidation service, and if the debt consolidation company has a license. However, never be fooled of any company claiming of being not for profit; no one works without profit.

Darnell is a writer for an online debt consolidation blog that offers tips how to consolidate debt and stay out of debt. For more information on how to legally eliminate debt visit our online debt consolidation blog.

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 Balance of Evans County San Jon village Glenview Hills Oak Bluffs town Stanley Liberty Grove town Balance of Fairfield township Fulton Balance of Cicero township Crosby Ethan town Chester township Clarks Summit borough Logan township Madison Newell borough Lyons town Peck village Burbank village (pt.) Gillespie Branchville town Blevins Alburg village Monroe city (pt.) Seward Batavia city (pt.) Verdigris town Rush Center New Albany township Lisman town USA UK Australia Canada Tunisia Guernsey Ashmore and Cartier Islands Papua New Guinea Syria Aruba Timor-Leste (East Timor) Guadeloupe Canada Clipperton Island Berkshire Cardiganshire Berwickshire Tyrone Suffolk Merioneth Ayrshire Gloucestershire Buteshire Wiltshire Wyoming (WY) Virgin Islands (VI) Ohio (OH) Oklahoma (OK) Indiana (IN) Minnesota (MN) North Carolina (NC) New York (NY) Wisconsin (WI) Northern Mariana Islands (MP) Puerto Rico (PR) Alaska (AK) Missouri (MO) North Carolina (NC) Indiana (IN) South Carolina (SC) South Dakota (SD) West Virginia (WV) Virginia (VA) Iowa (IA)