Don't Be Fooled By
So-called "Non-Profit
Christian Debt Counseling"

 Many programs and debt relief plans call themselves "Christian" and "non-profit," but in actality they are neither. Many of them are supported by the credit card companies themselves, and do not do a good job of protecting the consumer's interests.

Watch the short video below as Bob Lindsey, president of The Credit Card Solution, explains how these companies work and what debtors need to watch out for.

Christian Debt Programs Are Often
Sponsored By Your Creditors 



Bob Lindsey, The Credit Card Solution

Many Christians think that by calling one of these companies they will find advice that will let them get out of their jam in a way consistent with their moral beliefs concerning paying ones debts.

You may feel guilty over acquiring such a large debt, and think that a fellow Christian can help you find a moral and ethical way out. Unfortunately, they often are let down.

As Bob points out, only people not companies can truly be Christian, so don't walk into a plan like this without all the "due diligence" that you would give any other program or service. Debt management is of course preferable to more radical strategies if your debt is not too large, but if you are threatened by financial disaster due to unmanageable debts, sky-high interest rates, and perhaps diminished income, you need to educate yourself concerning how you got trapped in this mess, what your legal rights and options are, and the comparative strengths of various relief options.

So be careful in dealing with these debt consolidation, counseling and relief services. If you are concerned about the morality of these issues check out Bob's video on this subject.

View more free videos concerning The Credit Card Solution and their program by clicking here for:

Program Explanation Videos

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Debt relief plans crafted by Christian debt management services are really no different than othe debt consolidation, settlement, negotiation or loan programs- so be sure to evaluate them carefully, just as you would any other debt relief strategy.

The key is to know your rights and use them. Your debt problem is really a legal problem and is not a "Christian" problem or even a moral one. It is a practical problem calling for a practical solution.

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Also a PBS documentary addresses this issue in the light of new bankruptcy laws.

And here is an article about Dave Ramsey's Christian-based debt program.