ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Christian Credit Card Debt Consolidation

Updated on June 13, 2011
Are your financial problems causing you stress?
Are your financial problems causing you stress?

Bad Debt

Credit card debt is considered "bad" debt as it is usually charged at a very high rate of interest. Paying off the minimum amount each month means the debt is paid off over a very long period of time, increasing the overall interest paid.

Debt consolidation is when a loan is taken out and used to pay off a number of existing debts. The interest rate on the loan is lower than that charged to the credit card so your monthly repayments are lower.

There are however disadvantages. If you refinance with a loan that runs over a long period of time , for example 10 years or more, the total interest paid could end up being more.

This can be very confusing to some people so it is good to get advice.

Christian Debt Consolidation Agencies - Check them first!

Before we go any further a warning is required.

Anyone can call themselves 'Christian' or 'non profit'. You should not assume that a company calling itself Christian has the same moral values as you. A company cannot be Christian, only people can. It is a sad fact that many disreputable operators prey on vunerable people in their hour of need by using these terms in a misleading way.

So, before you even start the debt consolidation process, here is how to protect yourself:

Research the Agency:- This only takes a few minutes online

  • Have they been accredited by an independent third party? Self accreditation is meaningless. Look for accreditation form a body such as the Council on Accreditation (COA)
  • Are they Affiliated with a National body? (The National Foundation for Credit Counseling is a good example in the counseling field).
  • Is the agency registered as a 501(c)(3) non profit community organization? Search here to find out. Any agency claiming to be non profit but not appearing on the register should be treated as extremely suspicious.
  • What fees do they charge? They should be forthcoming with information on all charges before any agreement is reached. Any reluctance to divulge information is a warning signal.
  • If the agency is calling themselves Christian, ask them in what way are they so. Are they associated with a local church or other Christian organization?
  • Search for the agency at the Better Business Bureau. This will inform you if any complaints have been made.

Following these simple steps will prevent you from becoming a victim of dishonest operators.

When is Debt Consolidation Right for You?

 This is a complicated question that has no easy answer. There are so many variables at play so each case must be examined on an individual basis. This is why a personal interview is conducted by an agency to accurately determine your current financial position.

If you are struggling to make payments on a variety of credit cards that have high rates of interest then debt consolidation is an option you should explore.

You should remember that your goals are to clear the debt as quickly as possible. You will achieve this by paying as much off as you can each month. The temptation with debt consolidation is to lower your monthly repayments to a very comfortable level by extending the period of the loan. This results in much more interest having to be paid off the loan over time. Keep the repayments as high as you can comfortably make, and the loan term as short as possible.

A debt consolidation agency should be able to show you the effect of changing each variable on a computer demonstration.

Choosing the Right Debt Consolidation Loan

 If you decide debt consolidation is the right course of action for you, choosing the right loan is the next step.

Loans can be complicated and it is important to compare like with like. It is not as simple as finding the load with the lowest interest rate as fees and charges can have a large impact on the total amount paid.

The easiest way to compare each product is to ask for the total amount payable over the life of the loan. This will add up every monthly repayment with fees and charges to give you the grand total. Comparing these figures across various loans you will help you make the right decision

Take Control of your Finances

 Being under financial stress is hard work but that doesn't mean you are powerless. You must be proactive and take an honest look at your situation before planning the most appropriate way to become debt free.

It is normal to feel desparate at times but you must protect yourself from unscrupulous operators out to defraud you when you are down.

Be sensible, do your research, and take control of your life.

Christian Credit Card Debt Consolidation Feedback

Was this article helpful?

See results


    0 of 8192 characters used
    Post Comment

    • profile image


      8 years ago

      never actually heard of that… sounds interesting though!


      Christian Credit Card Debt Consolidation

    • mcbean profile imageAUTHOR


      9 years ago from A planet far, far away


      Another problem with consolidating into a mortgage is the long loan period makes the interest add up significantly over time.

      If this option is chosen it would be wise to overpay the minimum whenever possible until the consolidated amount is paid off.

      If there is a risk of defaulting on the consolidated amount, an unsecured loan would be highly advisable.

    • advoco profile image


      9 years ago from cadiz

      A helpful article. One of the most important things to consider when consolidating your debts is whether the new loan is secured against your house or other property. Is it worth the lower repayments to exchange unsecured loans for one that can mean losing your home?


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)