Christian debt consolidation companies do not guarantee lower interest rates. They are just like other debt consolidation services that offer help for debt relief.
Or, do you think that Christian credit counseling agencies mean the most trustworthy sources? On the contrary, some Christian debt consolidation services are like most others; and they are in the business of making money.
In fact, this is often the worst type of source to ask for relieving debt. You may want to get information from Consumer Federation of America, which monitors debt consolidation companies to protect yourself from debt consolidation fraud.
Fraudulent Christian Debt Consolidation Companies
Several fraudulent companies that offered debt consolidation services, including nonprofit organizations, are often affiliated with Christian leaders. They have caused damage to customers by offering “improper advice.”
These companies practice misleading advertising as well as charging debtors more than what they make in fees. The Christian organizations, as you can see, are no different from anyone else in some instances. But they may have worse business ethics since they are using a mechanism to shield their wrongful acts.
So be careful with debt management organizations that claim to be a nonprofit and affiliated with Christians. There is no guarantee that they will be honest. Some of these organizations have even lead debtors straight into the courts of bankruptcy.
More Info On Christian Debt Relief
You can find more information about Christian credit counseling at the Consumer Federation of America site. Here you can decide whether Christian credit counseling is your best option for debt relief.
So if you need to consolidate your debts, Christian debt consolidation organizations may be your best bet for a low rate. But, never assume that such an organization will be honest. You should always search for background information on the debt counseling company before deciding to choose one of them.