When it comes to the idea of a Christian company that helps people consolidate their debt, many Christians and people who don't follow the Christian faith may have serious doubts. Christian debt consolidation companies take the stance that their services are not only permitted by Biblical precedent, but that they are also some of the only companies that can be fully trusted in a situation where a consumer finds himself in need of debt consolidation.
Christians have been having trouble with the same problem for hundreds of years, and Muslims have the same problem: whether or not a Christian can owe money or property to someone else. In other words, people aren't sure if a Christian can get into debt or not. Some very strict evangelicals say that the Bible says no Christian should ever be in debt, even for a car or house loan. Another point of view is that the debt is okay if the item that was bought and caused the debt has the potential to go up in value. A third point of view says that debt is fine if it was necessary to get a job or if it doesn't go too far in terms of the budget.
Many Christian companies that help people consolidate their debt point to Bible verses that explain debt and debtors. One of these verses is Proverbs 22:7, which says that the rich rule over the poor and that the person who borrows money serves the person who gives it to them. Romans 13 has a passage that says, "You don't owe anyone anything, but you should love each other." The Christa in companies point out that they are actually helping others to fulfil Biblical mandates, as Psalm 37:21 states that "The wicked borrow and do not repay, but the righteous give generously".
The Bible makes it clear that God wants all of His children to live full, happy lives. Think how impossible this is to achieve under the weight of accrued debt! Once debtors have a plan in place to get rid of their current debts and stay out of debt in the future, they can enjoy the freedom that comes with being a part of the family of God even more. There are Christian companies that were started to help people get out of debt and reach their full potential. Also, many Christians will be honest and say that they can't do business with a non-Christian company that offers these services, but they will feel comfortable talking about their finances with a company owned by Christians. It's important to remember that just because Christian-run financial companies think this is an important point to make clear doesn't mean that they only help Christians. People of all religions can use these businesses. Some people might ask why these companies don't just call themselves debt consolidation companies without putting so much emphasis on the Christian part.
The fact that a Christian debt consolidation company says it is Christian would be the most important reason to choose it. All consolidation companies say that they will be able to lower or even get rid of the interest rates on your loans. Both Christian and non-Christian companies have been caught making false promises. This means that the consumer still has the final say, and they must make their choice based on facts, not faith.
