By January 2018, United States consumer debt rose to $3.855 trillion, a record high, surpassing December 2017’s then-record $3.841 trillion. Those are inconceivable numbers to most of us. On top of those debts, United States business owners routinely enter into debts to keep their businesses running. Others are in debt to the government for unpaid taxes or high-interest financial loans. Loans are a helpful tool for starting a business or getting an education, but many times these high-interest loans become a financial curse.
The financial burden of having unpaid, high-interest debt can be stressful and detrimental. Indeed, studies have shown a correlation between debt and mental health issues like depression, anxiety, and neurosis. While it isn’t clear which direction the relationship goes—maybe people with these issues have trouble coping financially and thus get into or maintain debt—but it isn’t hard to see the simple truth that being in debt is a burden, both financially and emotionally.
Debt Consolidation Is A Highly Personal Service
It’s easy to talk about debt as just another financial statistic, but on an individual level it becomes a highly personal and emotional topic. Debt issues are shrouded by feelings of pride, social cues, and socioeconomic stigma. So, that means when we talk about debt we have to think about it in two separate, distinct ways. If we’re talking about national debt statistics and solutions, we can use cold statistics and broad, sweeping data. If we’re dealing with debt on an individual level, the kinds of solutions differ greatly.
Debt consolidation involves taking out a loan in order to pay off another existing one. Debt consolidation might also call for a debt counselor. This person can help re-strategize your financial plan by rearranging interest rates and lump sum loans and devising a spending/repayment plan in order to pay back debt more quickly. Lots of debt consolidation services come with debt counselors. An interpersonal connection is very important.
Personal Values Matter When Choosing the Right Debt Counseling Service
As the search for debt relief begins, you should remember that there is a debt consolidation company for everyone. Most debt consolidation companies offer the same service at their base level. They might negotiate with your creditors and obtain a preferential rate, waive certain penalties and fees, and possibly roll your debts into a single fixed-rate loan. In return, they offer the creditors assurance that they’ll finally recoup some of the debts they are owed.
A good debt counseling or consolidation company can assure creditors that their client will make payments in a timely manner. They can also assure their clients that they are in caring, capable hands. Many of us have certain value systems, maybe religious or political affiliations, through which we’re more likely to be reached. A debt counseling service in touch with the system that inspires trust in its clients can be more effective in its efforts to bring equity to both parties.
Debt Counseling With a Religious Focus Can Be the Key to a Client’s Trust
Finances and religion might seem an odd match. But, if your religious convictions are the center of your sense of trust, they’re a great starting point for beginning your journey out of debt. Christian debt counseling can appeal to your Biblical obligations to pay back your creditors. It can also provide a counselor who shares your faith, allowing you to have a compassionate, understanding partner in your time of crisis.
Consistency is key when working your way out of debt. If you’re a strong Christian believer, you usually return to your faith on a weekly basis. If your debt counselor can help bring this level of consistency to your debt relief efforts, you stand a very high chance of finding yourself debt-free at the end of the process.
Using Customer Reviews to Find Christian Debt Counseling
As you begin your search for christian debt counseling, make sure to use customer reviews to see how people who share your faith have found the experience. Debt counseling reviews tend to be highly personalized, just as we’ve found that debt relief itself is a highly personal service. You’ll be able to see a very detailed picture of how any given Christian debt relief organization will fit with both your needs and religious practices.
Christian Debt Counseling as a Consumer Perspective
The growth of niche debt counseling sectors, like religious debt consultation, is a clear indicator that debt counseling is greatly dependent on the specific consumer’s needs. At eKomi, we manage reviews for Christian Debt Counselors, an organization that provides debt relief services specifically for Christian believers. Christian Debt Counselors reviews are overwhelmingly positive. They have a 5/5 star rating from us, with a 98% positive rating. The reviews that are less than positive are only 3 star reviews.
Remember that people experiencing financial hardship are also experiencing emotional hardship and a possibly faith-shaking crisis. The ability to meet them where they are in any given moment is extremely vital. Emotionally-charged experiences like debt relief are hardly ever likely to inspire apathy in consumers. This means that satisfied clients are very likely to speak candidly on their experience when prompted to leave a review.
Online reviews can be a vital tool for helping you select a debt counseling service. While Christian Debt Counselors serve a specific subset of consumers, they have proven themselves to be trustworthy and effective. This makes them and their service style a vital part of the overall debt counseling landscape in this time of record high debts.