Many people ask us, “what is the difference between Christian debt settlement and Christian debt consolidation?” As a truly Christian debt settlement company, we provide debt help, debt negotiations and debt settlements for your unsecured bills. In addition, a Christian debt settlement company works in a very moral and ethical way by negotiating your credit card debt down to a fraction of what you owe. Debt counseling offices, on the other hand, pay back the entire portion of what you owe to the creditors. They are reimbursed by the credit card companies themselves, (usually 15 cents on the dollar) for every dollar they collect from you.
So, for example, the typical person who signs up for our Christian debt settlement services has, on average, 3 to 8 credit cards and owes approximately $32,000 in debt. By working directly with your creditors, if we, a Christian debt settlement company, can negotiate your debt down to half of this amount ($16,000), you could be completely out of debt in 32 months at a rate of $500 per month. With a debt counseling office, you would pay off the entire $32,000 which could take 64 months or more at this same rate of $500 per month. Therefore, is easy to see that a Christian debt settlement company would have you out of debt quicker, faster and easier. That is why we recommend that all of our clients seek out and work with a Christian debt settlement company.