Many currently existing Christian debt consolidation businesses appear to be against a lot of the Christian beliefs. However, these same companies ensure Christian clients that it is religiously acceptable to use their program, because it is run by a Christian business.



Whether a Christian should be religiously allowed to go into debt is currently being debated within certain Christian circles. Some argue that it is not acceptable for Christians to owe any money, even for their home or car. However, others say that Christians can accept some personal debt, so long as the item purchased will be an asset that could potentially appreciate in value or was purchased in order to make income. Other acceptable loan reasons include that the value of the item is greater than the loan, or that the debt does not put large strain on the budget.

Christian debt consolidation companies justify their businesses by pointing to passages in the Bible about debt and borrowing, such as "Owe no man any thing, but to love one another." (Romans 13:8). Another example is "Just as the rich rule over the poor, so the borrower is servant to the lender" (Proverbs 22:7). These debt consolidation companies also make the case that scripture requires the repayment of loans, as it says "The wicked borrow and do not repay, but the righteous give generously" (Psalm 37:21).

These companies also argue that the Lord wants us to live an abundant life. However, this is increasingly difficult with large amounts of debt, and being free from such financial constraints can be empowering. Christian debt consolidation companies help people become debt free through regaining control of their finances.

Many Christians believe that they should not deal with a non-Christian organization. However, they are perfectly comfortable dealing with religiously-based debt consolidators, in part because of their interesting twist on the words of the scripture.

An interesting point is that Christian debt consolidation companies do not place any restrictions on the religious beliefs of the people to whom they lend. Of course, this would be discrimination and it is illegal, but it is worth considering why they so adamantly claim their Christian status. Why not simply call themselves a debt consolidation company? Why does the religious status of the company have any importance?

Christian debt consolidation companies profess their offerings of refinancing loans at lower interest rates, some even at zero percent interest, so that you can improve your score rating. These companies claim that refinancing your debt will cost you less money in the end and is the best answer to questions pertaining to how to improve your credit score. However, the simple fact is that the religious status of the company does not change their business dealings substantially. They will still be making money off your loan. Apart from personal preference, there is no financial reason to choose a Christian debt consolidation service.