As I write this post and trying to come up with a title, I simply came up with Christians and debt settlement. As Christians, we know that throughout the Bible there are numerous references regarding money generally and debt specifically. We also know that our Lord did not want us to be slaves to our debt, albeit to other Christians or companies in general. We especially are not supposed to be indebted to one another. If you were to read through your Bible and just looked up the word money, you will find that it is mentioned over 250 times. What do you suppose God was trying to convey to His people (or to us today) regarding money and debt?
As we have focused in on other articles on this subject on our website, utilizing a debt settlement program is so much better than having to file for bankruptcy, that the differences are enormous. Many times, the reasons why we have so much debt to begin with can often be caused by something outside of our control. For example, you or your spouse lost your job; you had a cut back in pay, or you or maybe a family member experienced an unexpected health issue causing you to fall into what we have coined as “the debt trap.”
The “debt trap” simply means that you are making your monthly payments in a timely manner, however the principal does not move either because the credit card companies keep raising the interest rates on you or you are just paying them the minimum monthly payment each month. Hence the term Christians and debt settlement. However, all too often many people do not know how they got into so much debt and simply say, “I do not know what happened to me, it simply got away from me.” One thing we know for sure, without help it is not going to go away. In addition, filing for bankruptcy on debt you rightfully incurred is not morally right in the eyes of the Lord.
However, there is a solution. Nationwide Debt Reduction provides a program whereby our negotiators talk with your creditors and mutually agree on a program whereby they will allow you to pay off your debt, however for only a fraction of what you currently owe them. Why, you ask, would a company do that? There are two very good reasons why. The first one is because they do not want you to file for bankruptcy, whereby they would not receive any money in return for the debt you incurred. The second reason is they know that if you have owned your credit card for four (4) years or more, you have probably already paid them back on everything you have purchased. The rest of the money you owe them is from interest charges.
The Internal Revenue Service (IRS) has a very similar program called an “offer and compromise.” This program allows you to pay back the government a fraction of what you owe in back taxes. Credit card companies have a very similar program. We do believe, as our Lord says in scripture to “Give to Caesar what is Caesar’s, and to God what is God’s. (Matthew 22: 21). However, what if Caesar (or your credit card companies in this instance) are willing to accept a fraction of what you owe them, versus the entire amount owed. This happened throughout scripture where debt was forgiven, and it still happening today.
Finally, do not just take our word for it. Do your homework. Go onto the Internet to the Better Business Bureau or www.bbb.org. Look up Nationwide Debt Reduction, Inc. in Mesa, Arizona. Here you will see that we have an A+ rating since we incorporated over 13 years ago. Talk to one of our professional advisors at our toll free number (800.890.6658) and see if this program is right for you.
Needless to say, pray about your decision(s) and may our Lord bless you and guide you during this important juncture in your life.