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What Can Christians do about Debt?

Fri, Jun. 16, 2017 Posted: 07:32 AM


There are many devout Christians that firmly believe that debt is something that should be avoided, as this is something that indicates frivolous living beyond a person’s means. In fact, many believe that the proverb ‘the borrower is slave to the lender’ is God’s way of saying that we should avoid debt.

However, in today’s society debt has become part and parcel of everyday life. People who are in debt are not necessarily those who have spent frivolously and frittered the money away. Often, financial struggles have led to people getting into debt for vital things such as buying a home, getting a car to get to work and back, and sometimes even paying for essentials.

What can we do about debt?

Many Christians, just like non-Christians, have found themselves facing worrying debt levels as a result of this. Of course, for a Christian making sure that the debt is repaid in full is important but when there are financial constraints such as low income to consider, it can be difficult to keep on top of the repayments.

One of the things that you can do if you are in this situation is to consider consolidation. When you consolidate debt, you can make it easier to repay. This in turn means that you won’t have to worry about missing payments or being unable to repay what you owe. Instead, consolidation simply makes it easier for you to manage the debt that you have to deal with so that you can get rid of it as quickly as possible.

When you opt for consolidation, one of the things that you will benefit from is lower interest rates compared to the high rates on credit cards and other forms of finance. Another benefit is that you will only have to deal with one debt and creditor, which is far easier than dealing with a number of different ones and can make budgeting far easier for you.

Of course, if debt consolidation is not an option for any reason, you should never be afraid to ask for help. No Christian wants to start missing payments and defaulting on what they owe. However, seeking help is nothing to be ashamed of and there are plenty of debt agencies that will provide you with advice and resources that could help you to find a solution to your debt problem.

Tackling the problem of debt is something that shows strength but buying your head and hoping that it will go away is something that will simply make your life worse. You therefore need to determine the best solution for your needs based on the type and level of debt that you have. By facing up to the issue and making plans to improve your financial situation, you will be able to benefit from far greater peace of mind. There are always solutions and help available to those that have debt issues – you simply need to have the strength to seek them out.

Lynn Joesph