Christian Credit Counseling
Christian Credit Counselors

Credit Counseling – Financial Habits for the Future

Managing Money Management

Some behaviors predict poor money management down the road, but you can take positive steps for a positive future with the help of Christian credit counseling. According to a piece by cheatsheet.com, there are 5 main behaviors that foreshadow financial difficulties in the future. When you receive Christian credit counseling, you open up yourself to positive solutions instead of negative patterns. People who succeed in the area of personal finances establish good saving and spending habits early in life. Even if you are older, it’s not too late to learn how to keep a budget, save and plan.

Budgeting not to Overspend

When you get in the habit of keeping a budget, you curb the urge to overspend. People who spend more than they earn often use credit cards. By agreeing to a debt management plan, you set aside money every month to pay back your credits. With the help of trained credit counselors, you end up paying less interest on the credit cards as part of the debt management plan.

Avoiding Poor Financial Habits

One habit that frugal people have is to buy used items or accept clothing for items from loved ones and relatives instead of always having to buy new. Buying everything new is a poor financial habit that also affects credit card behavior. Most people don’t use credit cards when they barter or trade with friends or family, but they do use credit cards when buying overpriced new items. New merchandise simply costs more.

Money and Your Spending Habits

Whether you earn all your income or receive money from relatives or stock dividends, it is important to know exactly how much money is coming in and how much is going out. If you consistently spend more money than you have, you likely rely on credit cards. People spending more money than they make often feel stress and anxiety, experts say.

Money and Retirement Planning

Another good financial habit to adopt is saving. If you save just 10 percent of your income for retirement, you will likely have enough to supplement social security when you are older. By having a debt management plan and budget, you can put aside a certain amount to pay back debts, a percentage for retirement savings and the rest of daily expenses and bills.

Avoiding Financial Troubles

Experts say people who fail to save for emergencies have financial trouble in the future. With Christian credit counseling, you receive the education and tools to improve your financial habits. Because of the Christian mindset, you don’t experience any judgment.

 

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    [button shape=”rounded” size=”regular” float=”none” circle=”true” href=”https://christiancreditcounselors.org/wp-content/uploads/2015/11/Budgeting-Handouts.pdf” target=”blank” info=”none” info_place=”top” info_trigger=”hover”]Free Work Sheet[/button]

     

    At Christian Credit Counselors, we want people to experience financial peace. For more information about how to adopt better money management behavior and to get out of debt, please contact us.

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    Debt Counseling
    Credit Counseling, Debt

    Debt Counseling – When Financial Problems Sneak up On You

    Signs of Financial Trouble

    Past due statements, accounts closed without you and payments that reflect the minimum due are of few of the red flags that you need debt counseling. If financial problems are sneaking up on you, the best solution is to confront your reality and take positive steps to remedy the situation. According to a piece by cheatsheet.com, there is nothing to feel ashamed about if you have credit card debt that is higher than you realized.

    Relying on your credit card too often is an innocent habit that turns into a larger problem if left unchecked. Instead of remaining in denial, consider the signs of financial trouble. By enrolling in a debt management plan through a Christian credit counseling agency, you turn a negative into a positive situation. When you are completely debt free, every purchase you make will feel sweeter because you can afford the item.

    Borrowing money from others

    If you borrow money from family and friends, it can either be a positive or negative sign. Some people borrow money or take financial gifts from relatives so they can avoid running up credit cards. If you have to pay back a friend or relative, it can strain the relationship. Also, if you turn to friends or family because you have already maxed out your other sources of loans and credit, it is a major financial mistake.

    Dealing with bill collectors

    Another warning sign you your financial problems are interfering with your life is when you receive calls from bill collectors. With the help of a trained and accredited credit counseling agency, you don’t need to worry about bill collectors. A credit counselor talks to your creditors for you to come up with an agreed upon plan for debt repayment. For you, it’s all about making one monthly payment. For your creditors, it is about making right on money owed to them.

    Credit Cards and Debt

    If you rely on credit cards to pay for the basic necessities such as food and gasoline, it is likely you have too much debt. With debt counseling, you learn how to budget so you spend your paycheck on necessities first. Discretionary purchases include cigarettes, alcohol, entertainment, clothing other than work clothes and luxury items.

    Feeling paycheck dependent

    If you need your paycheck to make your monthly rent or mortgage, it means you don’t have enough in savings to cover one or two months of expenses. With debt counseling, you learn how to save up for emergencies as well as for fun vacations and holidays.

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      [button shape=”rounded” size=”regular” float=”none” circle=”true” href=”https://christiancreditcounselors.org/wp-content/uploads/2015/11/Budgeting-Handouts.pdf” target=”blank” info=”none” info_place=”top” info_trigger=”hover”]Free Work Sheet[/button]

       

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      Debt Consolidation
      Debt Consolidation

      Debt Consolidation – Forgiving Yourself of Credit Sins

      Credit Cards and Financial Health

      Misusing credit cards affects your financial health, security and future. You can easily forgive yourself of so-called credit sins by seeking assistance from a Christian credit counseling program. One of the most positive ways to get back on track is with debt consolidation. According to an article by cheatsheet.com, 30 percent of your FICO score relates to how much you owe on credit cards. If your balance gets too high and you can’t pay off the total balance, debt consolidation can help. The key is to stay calm and avoid several credit blunders.

      A Five Step Debt Management Plan

      Creditors and Debt Collectors

      One of the challenges you often have to deal with when you have a high credit card balance is debt collectors and representatives from your credit card companies. By working with a credit counselor, you put the problem in someone’s capable hands. Calls stop after you sign up for a debt management plan because your creditors agree to a specific monthly repayment plan. To get to that positive place, put aside anger.

      Your Personal Finances

      Another credit blunder is refusing to seek personal finance help because of pride. A lot of people seek Christian credit counseling because they don’t want to feel shamed or ridiculed for mistakes. A certified credit counselor with a Christian mindset will give you advice on debt consolidation without judgment.

      Embracing Frugal Finances

      No matter what your situation, you can find new and creative ways to practice frugality. Another credit “sin” is to pay only the minimum balance on a credit card. When you resist the temptation to overspend, you fix the problem instead of exasperating it.

      Credit Cards and Debt Management

      When you agree to a debt management plan to pay off debt, you stop using your old credit cards. It is also important to stop opening up new credit lines. A credit counselor helps you budget, plan and save so you can avoid repeating the same financial mistakes.

      Overcoming Credit Problems with Contentment

      When you find happiness with the things you already own instead of constantly wanting something bigger or better, many of your credit problems disappear. After getting on board with a debt consolidation plan, give yourself some space to feel happy. Instead of soothing your stress and troubles by spending money, find other ways to relax such as a free walk in nature or time with friends and family.

      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 Consolidations
        Debt Consolidation

        Debt Consolidation – Combating Holiday Credit Card Debt

        Setting Financial Goals

        By planning ahead, it’s easy to combat holiday credit card debt that puts you behind with New Year’s resolutions and financial goals. According to an article by the Pittsburgh Post-Gazette, the best approach is to plan ahead to avoid holiday binge buying. By talking to a Christian credit counselor, you learn about debt consolidation. Whether you sign up for a debt management plan before or after the holidays, you will have a strategy in place. Experts say paying off credit card debt is an important step to financial freedom and balance. Depending on your personality, financial habits and goals, the payoff date will differ. Thirty-eight percent of households deal with credit card debt, according to statics by Nerdwallet.com.

        Paying off Credit Card Debt

        One decision to make is whether you want to move around your credit card debt or get it paid off. Balance transfers buy you time if you want to take debt from a high interest credit card and move it to a zero percent card. The downside is the introductory interest rate doesn’t last. Most people get stuck paying an extremely high rate. A better option is debt consolidation through a reputable credit counseling agency such as Christian Credit Counselors. Because holiday shopping occurs typically at the end of the year, you will likely run up an old credit card if you transfer the balance.

        Debt Management and Gift Giving

        When you sign up for a debt management plan before the holidays, you stop using your credit cards. Although it is likely too late in the year to save up a holiday gift fund so you can buy gifts with cash, you can save money by making homemade gifts or providing gift certificates for services such as mowing a loved one’s lawn or back rubs. Your loved ones will likely appreciate a crocheted blanket more than a cash gift because it represents time spent and effort.

        Listening to Financial Experts

        If you accumulated a lot of debt throughout the year, it’s good to step back and evaluate where you have been. Before you get carried away with the holidays, talk to debt consolidation experts. In addition to consolidating debt, you find out how to budget, save, plan, improve your credit score and organize financial matters. Instead of leaning on your own understanding of financial matters, take the bold step to ask for help. A trained credit counselor doesn’t leave it to you to contact your creditors. Instead, the experienced credit counselors contact your creditors and work out a plan so you can pay back your debt. The holiday gift for you is a lower interest rate on what you owe as well as the peace of mind and joy of having a payoff date and realistic monthly payment.

        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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          At Christian Credit Counselors, we help our clients with debt consolidation so they get out of debt 80 percent faster than other strategies. For more information on how to financially plan ahead for the holidays, please contact us.

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          Credit Counseling
          Credit Counseling

          Credit Counseling as a Positive Solution to ‘Forever’ Debt

          Getting Unstuck from Debt

          If you feel stuck in credit card debt for eternity, there are positive steps you can take. With credit counseling, you learn how to adopt positive financial habits or a different outcome. According to a recent article by Kiplinger.com, one personal finance survey discovered that 13 percent of people said they will never pay back all the money they owe. Eight percent didn’t think they could pay back all of their debt until they reach their 70s.

          Forever debt or debt that feels hopeless stems from several factors including housing costs that are too high, interest rates that are too high and emergency funds that are too tiny. With the help of a certified and trained credit counselor, you can overcome the three financial challenges. Look or a credit counseling agency with a Christian philosophy so you feel encouraged in a positive way.

          If your mortgage or rent is too high

          A credit counselor will help you work out a realistic budget so you can pay all of your bills on time. If your mortgage or rent is not affordable, it could stand in the way of you getting out of credit card debt. By enrolling in a debt management plan, you receive a plan to get out of debt in less time. Your monthly debt payment to credit card companies will fit within your budget. While experts say the average mortgage is 69 percent of a family’s debt, you can lower the amount you pay for housing by switching to a less expensive rental unit or selling or refinancing a home you own.

          If your emergency fund is too small

          Experts say it is prudent to have six months of living expenses tucked away in an emergency fund. When you tap your emergency fund, you avoid running up credit card bills. Take several months to live below your means so you have liquid cash available for

          If your credit card interest is too high

          You can pay off your debt faster by letting responsible and trained credit counselors negotiate an interest rate on your behalf with your creditors. When you have a lower interest rate, you end up owing less money. Some people manage to complete their debt management plan in less than one year.

          At Christian Credit Counselors, we provide credit counseling to people who want a positive approach to personal finances. Our clients find a solution to what used to seem like forever debt. We educate consumers about their options for dealing with credit card debt and low credit scores. For more information about credit counseling, please contact us.

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          Creditt Counseling
          Credit Counseling

          Safely Accelerate Debt Repayment with Credit Counseling

          Paying off your credit card debt quickly by falling prey to a debt settlement scam is often disastrous to your financial health. By receiving credit counseling, you learn about the best ways to accelerate the debt payoff process without jeopardizing your credit score. According to a recent article by thestreet.com, a new study out of Texas A&M shows people who take small steps and set reachable goals are more likely to become free of debt. When you talk to a trained credit counselor, you don’t get caught up with frustrating ways of handling debt or embarrassing solutions such as bankruptcy. Many people love the fact that their credit counseling sessions remain confidential. Because taking small steps lead to the best results, consider some of the ways to overcome a slow climb out of credit card debt.

          Setting Reachable Financial Goals

          Whether called reachable or realistic, your short-term goals provide the traction needed for the longer term goals. Some reachable financial goals include enrolling in a debt consolidation program. By meeting your small short-term goal of paying the monthly debt repayment plan amount, you get closer and closer to your loftier goal of a debt-free life. Experts say goals are measurable, realistic, specific, actionable and time-sensitive.

          Aligning Budget with Income

          Another small step you can take is to come up with a more reasonable budget that is not based on the income you wish you had but on actual income. Aligning your budget with your income is trickier if you receive commission checks, work on speculation or freelance. Independent contractors who receive variable income each week should wait until they receive their money and then revise a budget based on the actual income instead of projected income.

          Stopping the Urge to Spend

          While consolidating credit card debt is important, it’s only part of the solution. With credit counseling, you learn how to avoid the spending temptation as you pay down your debt. You can get out of debt 80 percent faster with some credit counseling services, but you need to create a stable financial foundation before using credit cards again. Once you are out of debt, the goal is to charge only what you can pay off in full each month.

          Once you decide to get out of debt, you don’t want it to take an eternity. At Christian Credit Counselors, we help people overcome the urge to backslide into credit card debt as they make small steps to pay off their credit card 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 Consolidation
            Debt Consolidation

            Debt Consolidation When Underestimating Your Debt

            When it comes to unpleasant realities such as massive credit card debt, a lot of people underestimate what they owe. It is natural to want to believe things are in a better financial situation than you really are. With the help of a certified credit counselor, you can face your debt as well as address it with a debt consolidation plan. According to an article by Nasdaq.com, the typical American household owes more than they admit do themselves. Research by the Federal Reserve Bank of New York indicates a major discrepancy between self-reported debt and bank data for bankruptcies, home equity loans and mortgages. As far as credit card debt, the people studied stated they had $2,000 of debt, while actual credit report data showed they actually owed $3,500. Instead of staying in personal finance denial, consider consolidating your debt with a debt management plan.

            Overcoming the Social Stigma

            Experts say one reason people deny how much credit card debt they have is because they feel ashamed. By receiving Christian credit counseling, you enjoy the support of a non-judgmental counselor who cares about your financial and spiritual health. Paying off your debt with debt consolidation gives you a feeling of empowerment. Once you pay off your debt, you will likely enjoy the social benefits that comes with greater wealth. After paying off you credit card debt, you can use the money allocated for debt for retirement savings.

            Feeling Motivated to Pay Off Debt

            A credit counselor often acts as your personal finance cheerleader, motivating you to get and stay out of debt. Debt awareness is a major factor in turning around your financial situation. Once you are aware of how much credit card debt you have, you can start a plan for financial change. Your credit counselor will negotiate better interest terms so you will spend less money on your repayment plan.

            Setting up a Realistic Budget

            Another important part of becoming debt free is working on a realistic budget. Some people make the mistake of only guessing how much money they spend each month. To get out of denial, write down all of your bills and expenses. Learning to live within your means helps you on the path to wealth.

            At Christian Credit Counselors, we work hard to teach our clients about budgeting and debt repayment. We will show you how to improve your credit score, consolidate debt and budget for future goals. Instead of financing your dreams, you can save up for specific financial goals including a new home, retirement or college.

            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

              How Debt Consolidation Can Help You Climb Out of Debt

              It’s easy to get in over your head financially. An unexpected expense or unforeseen circumstances can make it impossible to pay your credit card or medical bills. It’s not your fault, but unfortunately creditors aren’t so understanding. If you’re seeking options to get out of debt, you’re already on the right track. Christian Credit Counselors is a non-profit organization that provides credit counseling services. Our credit experts will evaluate your unique financial situation and explore various options, including debt consolidation.

              How Debt Consolidation Works

              Debt consolidation allows you to lump your unsecured debts (personal loans, medical bills and credit cards) into one easy, affordable monthly payment. Instead of having to make multiple payments to different creditors each month, you’ll make just one monthly payment. You won’t need to worry about keeping track of when each debt is due. The amount you pay each month is based on the amount of debt you owe. Since Christian Credit Counselors has a relationship with hundreds of creditors, we’ll help negotiate to get the interest rates reduced. Your consolidated payment may result in you paying much less each month.

              Benefits of Consolidating Your Debt

              Consolidating your debt helps improve your credit rating. Negative debts can affect for your score for up to seven years. Once you enroll in our debt consolidation program, the accounts will appear on your credit report as “managed by a credit counseling agency.” Payment history is the largest component of your credit score. By making timely payments your credit score will begin to rise. The positive account history can help offset some of the negative accounts that may already appear on your credit report.

              You’ll also get out of debt faster when you choose to consolidate your debts. Our average client actually pays off their debt up to 80 percent faster.

              Facts about Debt Consolidation

              Debt consolidation won’t erase your debt, but it will make your debt more manageable. Calls from creditors and collection agencies will stop. You won’t continue incurring late fees or over-the-limit fees. Even if your aren’t currently late or behind on your bills, we can still help. Our consolidation program is designed to help people climb out of 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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                Please contact us today for to determine the best option for you.

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                Christian Credit Counselors
                Christian Credit Counselors

                Credit Card Counseling When Debt is at Pre-Recession Levels

                Experts say credit card debt declined for years, but is back to pre-recession levels. Many individuals leaned how to save and practice frugality during the Great Recession. By receiving Christian credit counseling, you can get a refresher on budgeting and financial goal setting as well as learn how to consolidate debt and boost your credit score. According to a recent article by cnbc.com, credit card debt in the U.S. will likely hit $900 billion by the end of 2015. The average American household’s credit card debt will end the year at about $7,810, which is the highest in 7 years. Instead of reverting to poor financial habits of the past, consider Christian credit counseling.

                Working on your FICO Score

                Experts say the average FICO score in the U.S. is 695. When you receive credit counseling, you learn about your own credit score and how to improve it. With a bankruptcy, your credit score rapidly falls. However, many people who go through a debt consolidation program with a reputable non-profit agency notice their credit score greatly improve over time.

                Paying off Your Credit Card Debt

                The cnbc.com article points out many people think it is fine to have a high outstanding balance on their credit cards. A bankrate.com study discovered 77 percent of people didn’t know a high outstanding balance hurts their credit score. With Christian credit counseling, you overcome the misconceptions and myths regarding personal finance issues. When you sign up for a debt management plan, you pay off all of your credit card debt so you no longer have a high outstanding balance.

                Diving into your Spending Behavior

                Another benefit of credit counseling is you learn not only how to get out of debt but the risk factors you face as far as perpetual debt. When you understand how you got into debt, you can make changes to your behavior and attitudes. You will likely have more money to save for retirement and goals when you stop trying to impress friends or relatives with purchases you can’t truly afford.

                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
                  Budgeting, Debt

                  Baby Boomers, Debt Counseling, and Retirement

                  When Baby Boomers Budget

                  If you are a baby boomer in your 50 or 60s, you are likely wondering if you will ever experience retirement bliss. A growing number of boomers have massive credit card debt in addition to mortgage and student loan debt due. In some cases, boomers take out mortgage and student loan debt to help children and grandchildren. With debt counseling, you can find out how to balance your desire for a debt free life and continue to show your generous spirit by helping loved ones.

                  According to a recent article by pressherald.com, financial advisers recommend baby boomers concentrate on their credit card debt before retiring. Retirees live on a fixed income, whether the money comes from Social Security benefits, dividends from investments, Roth IRA or employer-sponsored retirement accounts and pensions. If you have lived with credit card debt your entire working life, consider following a debt management plan so you can live free of credit card debt in retirement.

                  Budgeting for Household Expenses

                  Before you pay off your mortgage or pay it down, talk to a certified credit counselor. You could be better off devoting your money to a debt repayment plan. When you consolidate credit card debt, you often pay a lower interest rate. Still, mortgage rates have been extremely low in recent years. You will most likely come out ahead by allocating money for credit card debt before paying down a mortgage. With debt counseling, you learn to budget for housing whether you own or rent.

                  According to research by the Consumer Financial Protection Bureau, the median senior citizen mortgage debt is up by 82 percent. If you are an average baby boomer, you could owe as much as $79,000 in mortgage debt. After you get out of credit card debt, you can think about strategies for paying off a mortgage early.

                  Clearing away the Debt

                  Experts say members of the Greatest Generation were much less likely to retire with debt. When it comes to credit card debt, set a goal to be debt free by the time you claim your Social Security benefits. If you can finish a Debt Management Plan by age 62, treat yourself to an early retirement.

                  When you have credit card debt, it is difficult to pay for variable expenses in retirement such as travel, vacations and gifts. A credit counselor will help you figure out how long it will take to be completely debt free so you can tweak your retirement age. Don’t be afraid to delay retirement if it means entering your golden years with more gold in your pockets and less debt.

                  At Christian Credit Counselors, we specialize in credit card debt. You can pay off your debt 80 percent faster with our approach to debt management. Our team helps you lower your interest rate and enjoy the benefits of debt consolidation through one easy monthly payment.

                  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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