Debt is a distraction that prevents Christian men and women from focusing on giving glory to God and thanking Him for the blessings He has provided. For a Christian, different concerns arise from debt because it causes the mind to focus on problems related to paying back loans and getting the situation under control rather than trusting in Christ.

Eliminating the distraction of debt is not a complicated process, but it may require professional debt help to make appropriate changes based on your personal situation.

What the Bible Says About Debt

The Bible is clear about the problems that come with Christian debt. According to the Proverbs 22:7 in the New International Version of the Bible, “The rich rule over the poor, and the borrower is slave to the lender.” The statement is clear: if you owe money, then you are a slave.

When it is not possible to avoid debt, such as taking on student loans to pay for an education or using credit cards to pay for groceries after losing a job, it is important to find appropriate solutions that make it possible to pay all or part of the loan.

According to Psalm 37:21 in the New International Version of the Bible, “The wicked borrow and do not repay…”. Drastic solutions such as bankruptcy should be avoided, pursuing all alternative options first.

God says in the Bible that borrowers are slaves and refusing to repay a loan is wicked. When problems with debt develop, it is important to seek Christian debt relief from professionals who understand the Biblical perspective of debt as much as the problem of debt.

Debt Relief Through Consolidation

The goal of any Christian who is struggling with debt is repaying as much as possible so that the lender is no longer a distraction from the blessings that God gives. Since we ultimately want to pay back our debts, Christian debt consolidation can provide relief that allows you to repay the full amount of the loan.

Consolidation, or Credit Counseling, is a process that focuses on reducing interest rates so that it is easier to make monthly payments without sacrificing the needs of your family.

Depending on the type of debt, the process may vary slightly.

For example, student loan consolidation is specifically designed to combine all of the student loans into a single monthly payment with a low interest rate. Credit cards and other forms of debt are not included in the student loan consolidation process. A credit card consolidation is designed to help repay credit card loans.

Here is more information on Christian Credit Counseling and a Federal Student Loan Consolidation.

Is Debt Settlement an Option for Christians?

While the Bible clearly tells us to repay our debts, sometimes the loans get out of control and it is simply not possible to make the payments.

If you have reached a point where your credit card obligations are preventing you to otherwise provide for your family, bring to mind 1 Timothy 5:8 which states that “Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.” When your situation has reached this difficult point, Christian debt settlement is a solution that can help.

Debt settlement is a process that works through direct compromise with the lender. Your FaithWorks Financial Christian Debt Program Advisor will ask the lender to forgive a portion of the loan if borrowers pay a certain amount. Although you do not pay the full loan amount, it prevents you from filing bankruptcy and walking away from the obligation completely. In many instances you have already repaid the full amount that you charged, plus some interest, so it is not a tremendous loss to the lender.

Follow this link for more information on our Christian Debt Settlement Program.

Eliminating debt and paying off your loans will allow you to refocus on God’s goodness and mercy. Debt is a distraction, but realistic Christian solutions are available to help you rekindle your faith and find relief from financial worries.

If you are a Christian struggling with debt, fill out the short form to the right to learn how FaithWorks Financial can help you get on track to live a debt free life!