credit card debt
Christian Credit Counselors

Credit Counseling for Struggling Families

How not to Live Near Poverty

Experts say it costs more than $250,000 to raise a child so it’s no wonder many people go into debt to meet their obligations. As a parent, you may be trying to juggle to pay for the rising costs of childcare and keep up with credit cards bills. By receiving Christian credit counseling, you can learn how to budget for the high costs of raising children as well as tackle debt.

According to a sobering article by CNN Money, child care costs in some parts of the country are now higher than college costs. A report by Child Care Aware revealed that the average cost of childcare is one quarter of the median income of single parents.

Some people who are living near poverty spend as much as 85 percent of their income on child care. Christian credit counseling can help because the trained credit counselors are non-judgmental and understanding. They have wisdom to share to help families who are struggling with the basics of paying for food, medical care, housing and childcare.

Lowering your monthly bills

At Christian Credit Counselors, we help families reduce their monthly bills by coming up with a Debt Management Plan that takes care of credit card and other debts. Your monthly payment to satisfy debts can be figured into an overall budget. The nice thing about a debt consolidation plan is that you end up owing less money in the long run because the non-profit credit counseling agency goes to bat on your behalf. Christian Credit Counselors can lower the interest rate and eliminate certain fees so you only have one lower payment to make each month.

Simplifying your finances

When you are running around trying to get the kids to daycare and yourself to work, you may not have time to be interrupted by bill collectors. There’s little time to get online and make a dozen different payments to various credit cards. By consolidating your debt with a legitimate Debt Management Plan, you only make one payment. Christian Credit Counselors makes sure the money gets dispersed to each and every one of your creditors included in the plan. They can get your creditors on board so you can have financial freedom as your entire debt is paid off in full.

Although most families don’t look forward to having to go from paying childcare expenses to private school tuition or college tuition in the future, you will have more money to save and plan for the future after completing a debt repayment plan. Choosing Christian credit counseling gives you an edge because you know it’s a reputable and ethical program that will also teach you how to manage your finances better in the future.

At Christian Credit Counselors, we provide credit counseling and educational tools for our clients who often pay off their debt 80 percent faster. Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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    Debt Consolidation

    Debt Consolidation vs. Snowball Debt Repayment

    The Feeling of Financial Freedom

    Personal finance gurus have a variety of different quick fix plans and ideas that are supposed to help people get out of debt. Some people try the snowball method before realizing they could have saved time and money with debt consolidation. Naturally, there is nothing morally wrong with the snowball method, which entails paying off the credit card with the lowest balance first so you a feeling of accomplishment.

    However, most people want the feeling of freedom that comes with being completely out of debt as soon as possible. Without lowering interest rates and eliminating late fees or other charges, it’s difficult to make as much progress with the snowball method.

    How the snowball method works

    After you pay off your lowest balance credit card with the snowball method, you move onto the next credit card which has a larger balance than the first one but not as high of a balance as other credit cards you still owe. The idea is to continue making the minimum payments on all your other debts except the one with the lowest balance or total amount due. As you move along, you roll over or snowball the extra money into the next bill you are focused on eliminating. The downside is your high interest rate credit cards are quickly growing since you are only paying the minimum on them.

    How Debt Consolidation works

    With debt consolidation, you get the benefit of having a non-profit credit counseling agency working on your behalf to negotiate with creditors. Your creditors will approve a Debt Management Plan that calls for action on your part. You make a monthly payment to an accredited agency such as Christian Credit Counselors. They make sure all of your creditors receive their share of the monthly payment for as long as it takes to pay off the debt in full. In many cases, people get out of debt 80 percent faster. In addition, the trained credit counselors can discuss other helpful matters such as how to set a budget, make financial goals, work toward home ownership and build up your credit score.

    The main argument used for the debt snowball method is that it’s motivating and easy. According to an article by Nerd Wallet, most people have more complicated financial problems that can’t be solved by the debt snowball method. Statistics by the Federal Reserve show the average household in America owes $15,185 in credit card debt. The snowball method costs people more in interest, while debt counseling can take care of the total picture.

    At Christian Credit Counselors, we provide credit counseling and an opportunity for debt consolidation. We help you make progression on your principle balance so you can quickly and methodically pay off all your debt.

    Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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      Debt Counseling
      Credit Counseling

      Debt Counseling and Financial Coaching

      Understanding Debt Counseling

      When you sign up to work with a financial coach or personal life coach, you may be wondering if it will take care of your financial trouble such as credit card debt. Paying a financial coach isn’t the same as receiving debt counseling from a reputable non-profit organization. A credit counseling agency differs from a personal life coach in a variety of ways.

      Mainly, a credit counseling agency can help you pay back your creditors, negotiate a lower interest rate and eliminate late payments. A personal life coach can give you advice and motivate you to improve your life. A financial coach often charges by the hour or has specific fees for consultations and coaching sessions.

      Receiving tools you need

      When you are burdened with massive credit card debt or phone calls from bill collectors, you may wish you could get it to stop. Talking to a financial coach may help you feel better, but doesn’t solve the root of the problem. With debt counseling through a licensed credit counseling agency, you will get the educational tools you need to change your financial situation. Just like with financial coaching, you will learn how to set a budget and goals, plan and differentiate between wants and needs.

      Building up your credit score

      By taking classes administered by education specialists at Christian Credit Counselors, you can learn how to effectively use credit cards. You’ll learn about the nuances of credit reports and credit scores. Having a good credit score can help you qualify to buy a home or car at a lower interest rate. It can even affect your chances of getting some jobs or qualifying for a rental home in some cases.

      Avoiding bankruptcy and scams

      Another benefit of debt counseling is that it can lead to debt consolidation and paying of all your debt at a better interest rate for you. A financial coach may “coach” you into declaring personal bankruptcy, which can devastate your credit and cause embarrassment. A life coach may also recommend you try debt settlement which is often a for-profit company that charges hundreds in start-up fees. A debt settlement approach leaves you owing taxes on the debt that has been forgiven as well as a ruined credit score.

      At Christian Credit Counselors, we provide debt counseling so you can ideally pay off debt 80 percent faster. We help you make progression on your principle balance so you can quickly and methodically pay off all your debt.

      Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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        Credit Counseling
        Credit Counseling

        Credit Counseling vs. Financial Planning

        Avoiding Load Funds

        If you have a lot of debt at high interest rates that you can barely make a dent in, you are a prime candidate for credit counseling. Some people with massive credit-card debt wonder if they should hire a financial planner or financial adviser that can help them build wealth.

        While working with a financial adviser may help you in the future, it’s best to seek out help from a reputable company with trained credit counselors to get on the right path. Many financial advisers receive commissions when their clients purchase what’s called load funds, which are mutual funds with a sales charge. When you are paying money to credit card companies due to interest charges and late fees, you are better off working with someone who specializes in debt consolidation.

        Getting back to basics

        Even if you have invested in the stock market in the past or contributed to a 401(k) at your job, it’s important to get back to the basics of personal finance if you are overwhelmed with credit card and other debt. Non-judgmental and experienced counselors who work at Christian Credit Counseling will help you establish a spending plan, budget and set financial goals.

        Consolidating your debt

        A credit counselor will help you set up a Debt Management Plan that will help you get out of debt in a short amount of time. One of the great benefits of credit counseling is that you may end up with a workable debt repayment plan that satisfies the credit-card companies that have been pressing you to pay your bills.

        Putting investing on the back burner

        It’s up to you whether you want to contribute to a Roth IRA or a company-sponsored retirement plan while you are paying off your debt each month on your debt repayment plan. If you receive a company match in your retirement account, it may pay to budget for retirement savings. On the other hand, if you don’t have an emergency fund built up yet, you may be wise to simply save money into a savings account before working with a financial planner or investing in the stock market.

        People who inherit a large sum of money often benefit from working with a financial planner. For the rest of us who haven’t won the big lottery jackpot in our lifetime, financial planning is still important. However, it’s best to get the basics down first by budgeting, planning, saving and paying off debt.

        If you have a lot of debt at high interest rates that you can barely make a dent in, you are a prime candidate for credit counseling. Some people with massive credit-card debt wonder if they should hire a financial planner or financial adviser that can help them build wealth. While working with a financial adviser may help you in the future, it’s best to seek out help from a reputable company with trained credit counselors to get on the right path. Many financial advisers receive commissions when their clients purchase what’s called load funds, which are mutual funds with a sales charge. When you are paying money to credit card companies due to interest charges and late fees, you are better off working with someone who specializes in debt consolidation.

        Getting back to basics

        Even if you have invested in the stock market in the past or contributed to a 401(k) at your job, it’s important to get back to the basics of personal finance if you are overwhelmed with credit card and other debt. Non-judgmental and experienced counselors who work at Christian Credit Counseling will help you establish a spending plan, budget and set financial goals.

        Consolidating your debt

        A credit counselor will help you set up a Debt Management Plan that will help you get out of debt in a short amount of time. One of the great benefits of credit counseling is that you may end up with a workable debt repayment plan that satisfies the credit-card companies that have been pressing you to pay your bills.

        Putting investing on the back burner

        It’s up to you whether you want to contribute to a Roth IRA or a company-sponsored retirement plan while you are paying off your debt each month on your debt repayment plan. If you receive a company match in your retirement account, it may pay to budget for retirement savings. On the other hand, if you don’t have an emergency fund built up yet, you may be wise to simply save money into a savings account before working with a financial planner or investing in the stock market.

        People who inherit a large sum of money often benefit from working with a financial planner. For the rest of us who haven’t won the big lottery jackpot in our lifetime, financial planning is still important. However, it’s best to get the basics down first by budgeting, planning, saving and paying off debt.

        Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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          credit card debt
          Christian Credit Counselors

          Credit Counseling – Financial Habits for Peace and Wisdom

          Living Debt Free

          Living a debt-free life can bring spiritual rewards such as peace and wisdom. When you seek out Christian credit counseling, you open yourself up to financial blessings such as prosperity and abundance. People who are burdened with debt are affected on different levels including a spiritual and emotional level. It’s human nature to be embarrassed by debt even if it came about from understandable circumstances such as a medical illness or job loss.

          Fortunately, at Christian Credit Counselors, the trained and certified credit counselors take a completely non-judgmental approach. After working together on a debt consolidation plan that will get you quickly out of debt, you can put into practice some of the good information you received about personal finances.

          Saving for a rainy day

          Unless you live in an area that is experiencing a perpetual drought, you know that there are going to be rainy days. In terms of personal finances, a rainy day could be the unfortunate situation in which your car breaks down or when your tuition bill is higher than you anticipated. Saving is a positive financial habit that lets you take responsibility for urgent situations instead of relying on credit cards, friends or family. You will feel less stress as your savings account grows and your debt shrinks due to a Debt Repayment Plan you commit to as part of your Christian credit counseling.

          Sharing your knowledge

          Some people get into credit debt because they have a generous spirit and are always bailing out friends or family who are in a financial bind. After receiving debt counseling help, you can either refer friends or family members who are struggling or share some of the knowledge you gained. They say it’s better to teach a man to fish than to give a man a fish. Be proactive before you get into a situation where a friend or family member asks you for a personal loan or to give you money. If you think you might sound too preachy, simply share how debt consolidation worked for you.

          Being a constant student

          When it comes to personal finances, there is always something new to learn. You can explore different topic such as investing in the stock market, qualifying to buy a home as a primary residence or investment property. Obtaining a higher degree can also help your financial situation by increasing your income-earning potential. If you haven’t started investing for retirement already, the first step is to enroll in a company-sponsored retirement account such as a 401(k) or take advantage of the newly-offered myRA retirement account or a Roth IRA.

          After you are finished receiving Christian credit counseling, you may find you are just as excited about saving money as you are about spending money. You may also feel less day-to-day stress knowing your financial situation is improving without having to declare personal bankruptcy.

          At Christian Credit Counselors, we provide debt counseling services. We have helped more than 300,000 Americans get out of debt, in many cases paying off debt 80 percent faster.

          Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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            Credit Counseling

            Debt Counseling: A Personal Action Plan for Financial Success

            Personal Financial Progress

            When your stomach is tied in knots every time you think about your finances, or if you turn your phone to vibrate so you won’t have to deal with bill collectors, you may want to seek out debt counseling. A lot of people feel hesitant at first because they aren’t sure what to expect. Once they find out there will be a clear financial plan that includes action steps to make their financial situation better, the knots in their stomachs quickly disappear.

            With a reputable company such as Christian Credit Counselors, you will work one-on-one with a trained counselor who isn’t judgmental or critical. The entire goal of debt counseling is to make real progress on your personal finances by getting out of debt in a way that saves you time and money. Our trained credit counselors immediately put you at ease.

            Establishing a realistic budget

            Many people are surprised to find out the reason they got into debt isn’t because they were bad at math, didn’t make enough money or were frivolous with their spending. Oftentimes, it’s simply because they didn’t have a simple budget that tracked expenses going out and income coming in. Some people have unrealistic budgets based on income they project they’ll earn in the future. In order to live below your means and save, you need to account for any actual money you receive as well as bills, debt and expenses.

            Committing to a plan

            After getting a better handle on what you can afford to spend each month on your necessities and obligations, you’ll be in a better position to commit to a debt repayment plan. What’s great about Christian Credit Counselors is the fact they negotiate a lower interest rate on your behalf. They get your creditors to get on board with a specific Debt Management Plan. You’ll make one monthly payment that satisfies all of your creditors.

            Changing old habits

            Just as you can form bad habits, you can also adopt new financial habits that will help you increase your net worth. With debt counseling, you will discover that debt often leaves people with negative net worth. While you pay off your debt through debt consolidation, you will be taking other steps to change your financial future. One action step might be to save 10 percent of your income into a Roth IRA for retirement and emergencies. Another action step might be to find free activities or ways to spend less.

            Having achievable financial goals can make you feel empowered. Watching your debt quickly decrease can be an exhilarating experience that renews your faith. Certified credit counselors will take the time to understand your specific financial situation so they can offer prudent advice to improve your credit score and build your net worth.

            At Christian Credit Counselors, we provide debt counseling services. We have helped more than 300,000 Americans get out of debt, in many cases paying off debt 80 percent faster. For more information on debt counseling, please contact us.

            Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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