Christian Debt Consolidation

Christian debt consolidation companies are vastly different from Christian debt negotiations companies. Christian debt consolidation companies, most of whom are non-profit, work directly for the credit card companies, earning fees from both you (on a monthly basis) and from the creditors (a percentage of every dollar they collect from you.) Christian debt consolidation companies do not work to lower your principal debt. Christian debt consolidation companies want you pay off the entire debt that you owe. In those scenarios it usually takes twice the length of time to get out of debt. For example, the typical person who signs up for our Christian debt reduction services and has an average of 5 to 10 credit cards, with a total balance on those cards of approximately $38,450 of debt. Our goal, as a Christian debt reduction company, is to negotiate your debt down and settle with your creditors for half of this amount ($19,000). With payments of $640/month, you could be completely out of debt in 30 months. Simply divide $19,000 by $640 and you get 29.68 or 30 months. That is a little over 2 years.

Contrast that with a Christian debt consolidation company. With a Christian debt consolidation company you are going to pay off the entire balance owed of $38,450. If you were to pay the same amount into a Christian debt consolidation company, or $640/month, it would take you approximately 57 months to get completely out of debt. You would be paying $640/month for 27 additional months and another $17,280! Therefore, when considering whether to get debt help with a Christian debt consolidation company or with a Christian debt negotiation company, the difference is startling! Do your homework first... however, in the end, we think you will find that the Christian Debt consolidation companies are not for most people.