Debt is a widespread problem for the people of our times. Our cultural ideals promote consumerism and the idea of that you can buy happiness, even if happiness cannot be bought, and even if the price tag was too high too afford, what then? No worries, that’s what credit cards are for, right?
Surprisingly, data shows there is little distinction between the Christian community and the secular world insofar as spending habits, consumerism, and debt go. This includes such questionable things as high levels of spending, tying directly into carrying a large amount of credit card debt. (1)
There’s controversy over the statistics proclaiming the amount of debt the average American holds. Showed one way, individuals on average hold $8,000 in debt. However, Financial Expert Liz Weston (2) writes that the reality behind those statistics is quite different. For instance, instead of the much quoted “$8,000 average debt per American” statistic, the truth is that most Americans owe nothing to credit card companies, but those households who do carry $2,000 or less. She goes on to say that about 1 in every 20 households in the United States has an $8,000 debt or more in credit cards to their name.
While this is certainly better news than the flawed statistic (due to how averages are calculated) that each American has $8,000 in credit card debt individually, it is still somewhat unsettling to have the curtain pulled back and see how much of a problem many still have when it comes to debt. To repeat, her findings state that those households who do have a credit card, 1 in 20 have at least $8,000 in credit card debt to contend with.
Credit card debt can become a financial hurdle that feels nearly impossible to jump over and move past once the cycle gets too much too handle. For families dealing with increasing credit card bills, those numbers are like having a dead weight attached to them, dragging them down further and further, all the while the surface of financial freedom gets farther away with each bill.
For Christians who have found themselves in this unsettling financial situation, a trend is developing to help them deal with their money problems from within the Christian community themselves. This is the idea of “Christian Debt”, also commonly called Christian Debt Counseling.
The goal this website is to explain in common sense, down to earth terms, how Christian Debt Counseling and Christian Debt Management companies and strategies help fellow Christians resolve their credit card debt in an ethical way, one that’s true to Christian ideals, while also getting them back on their feet financially.
Sources:
(1) Generous Living
(2) Liz Weston