Business & Finance Debt

Digging Out From Under a Mountain of Debt

Consumer debt delivers crushing financial blows to people that are caught up in credit card payments that carry high interest rates.
Making only the minimum payments to credit cards will take 30 years to clear off a debt assuming that there are no new charges placed onto the available credit limits.
American consumer credit counseling is working throughout the United States to provide Christian debt counseling to people that charged the maximum amounts to their credit cards and is drowning in a sea of debt that is unmanageable.
Following the guidelines of the American Credit Foundation, Christian credit counselors work with those that are overwhelmed by consumer debt to find ways of reducing the amounts of their monthly payments and reducing significantly the amount of time it takes to repay credit card debts through Christian debt consolidation programs.
The professionals working in the field of Christian debt counseling are concerned about working out the best debt management program for paying off consumer credit card debt that has been incurred by good Christians caught in bad circumstances.
Through better way credit counseling Christians consumed by poor credit choices are able to reestablish their credit rankings after being berated by low credit scores and penalized with high interest rates.
By combining multiple debts into one bad credit debt consolidation people facing three or four high interest payments each month end up with one payment that has a reduced interest and in is usually lower than the combined payments would be if paid out individually putting a few more dollars back into the household budget each month and alleviating the debtors financial crunch.
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