Here Are 4 Ways to Avoid Christian Bankruptcy…
No matter how bad things look, filing bankruptcy as a Christian should be one of the last things you consider. If you read my article answering the question “Is Christian Bankruptcy Okay?”, then you will know that I am not totally against going bankrupt, it’s just that it causes so much damage that I think you should avoid it if there are any other options.
So with that said, I thought I would give you 4 alternatives to bankruptcy that you may not have considered.
These are real christian debt solutions that can save you the financial devastation that going bankrupt can cause.
#1 Stay away from debt. I know it seems simple, but it needs to be said. In today’s financial climate, staying away from debt is the single best option to help you avoid bankruptcy.
Unfortunately, I am guessing that since you are are here, it is too late for that, right? No problem, here are 3 other solutions to your debt problems.
#2 Christian Credit Counseling. Sometimes all you need is a push in the right direction. In most cases, a little help from a professional counselor can help you set up a budget, get on a reasonable repayment plan and ultimately get debt free. With the form at the right, you can get started with a no obligation free counseling session.
#3 Christian Debt Consolidation. With a good consolidation plan, you can shrink your monthly payment to a manageable amount that can be easily payed down over time. Here the company you choose to consolidate with will contact your creditors, negotiate lower payments and interest rates and handle all of your payments. A pretty sweet deal as long as you understand this one debt consolidation warning.
#4 Christian Debt Settlement. With settlement you are essentially negotiating with your creditors to take a one time reduced payment to clear your debt away. If you have a reserve of cash, this may be a valid option for you. But if you are like me, when I was in over my head in debt, a large reserve of cash wasn’t an option.
So if you are a Christian considering bankruptcy, please consider these 4 options first. They could save you years of financial regret.
Good luck and let me know what you decide!
Chad