The American Mountain of Debt
Have you noticed that in our American culture, it seems impossible to get through life without a mountain of debt? Maybe you haven’t even considered it, because it is so thoroughly weaved into the fabric of our society.
All you have to do is turn on your television, open the mailbox, or visit a store, to find that there are financing and credit card offers everywhere. You can finance your furniture, your car, your appliances, your home, your vacation, and even your children’s Christmas gifts. If you are like the average person, you probably get more credit card offers in your mailbox than actual mail!
The Average American Household’s Debt
According to CNN Money, an average American household with a credit card carries almost $16,000 of credit card debt. When you account for the fact that the US Census reports that the median income is $51,000, the gravity of this situation becomes evident. This means that it is typical for a consumer to rack up over thirty percent of their annual income, in debt. The lack of education about debt and credit can lead to stressful situations including foreclosure, bankruptcy, repossession, bad credit, and creditor harassment.
The Principles of Christian Credit Counselors
Christian Credit Counselors is a non-profit credit counseling agency, and we believe in spending wisely and keeping a budget to ensure sensible spending. God’s will for your life is not that you should be swimming in debt, but living within your means, and even with enough breathing room to be generous toward others. But in this day and age, that just doesn’t come as common sense.
We’re not in the same culture as our our great grandparents were. If your great grandfather wanted something, he would have saved up for it. In our microwave culture of, “I need it now,” we would simply put it on credit. Christian Credit Counselors can provide assistance with learning the ways of old which appear to be long gone, but with the number of families in financial crises rising daily, it seems inevitable that we will learn again how to manage money successfully.
Be on the frontier of financial freedom by signing up for a class with us, scheduling an appointment with a certified credit counselor, or participating in a tele-class or webinar. We can help you learn to create a budget, make wise credit decisions, get out of debt, and ultimately build wealth to experience the peace of financial freedom. As Proverbs says, “the borrower is slave to the lender,” but you need not be that slave!
If you are struggling financially, get help today. The sooner you do, the sooner your chains will be loosed. Don’t believe the lie that life-long debt is inescapable or that you are too far gone for help. We will be your lifeline, and with a little help from us, your financial goals are attainable. We have assisted countless families with seemingly insurmountable debt, and seen them achieve victory. To view the stories of families like yours who have been successful, please visit our testimonials page.
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.