Christians and money aren't different than anyone else and money. It doesn't matter whether you are trying to pay off your debt, or even if you have been sued by nasty collection agencies. Debt and the Bible may be part of your Christian life, but debt doesn't have to be. The Bible on money should be important to us. The answers are here, so let's start digging up the truth about God and debt. Click on one of the topics below:
Bible Scripture on money
Actually, there is a lot of Bible Scripture on money. Understand that God and debt don't really get along. Bible Scripture on money makes that clear. Psalm 22:7 says the borrower is servant to the lender. In Romans 13:8 Bible Scripture on money says Owe no man anything. God and debt do not get along. Indeed, Bibe Scrpture on money points us in a different direction. Matthew 6:33 says "But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you." This is God's priority.Go back to the top
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The Bible and debt
The Bible and debt are somewhat opposed to one another. There really are no verses in the Bible that say do not borrow money, but God and debt are not really compatible. As mentioned above, the borrower is servant to the lender. The Bible and debt make that much clear. The Bible is, however, a book of contracts; a book of promises. God is a promise keeper and so should we be as well. The problem is not borrowing money for a car or a house. These secured loans are contracts. it's not what's meant considering the Bible and debt. When there is unsecure borrowing without thought to repay, there is a problem in terms of the Bibel and debt. Psalm 37:21 says "The wicked borroweth, and payeth not again." As Christians, we should have a problem with the Bible and debt if we bcome so overextended we can not keep our promise to pay. Does it happen? Yes. That's why we want to help.
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The Christian and money
Yes, the Bible does talk about the Christian and money. In truth, the Christian and money are a hot topic for Jesus. He says we are to pay our taxes in Matthew 22:21. He says we ought to tithe in Luke 11:42. God, in talking about the Christian and money says in 2 Corinthians 9:6 says that if we give, we will reap the rewards. In the parable of the talents, the Christian and money work through investments and the wise hanlding of money. God did not call the Christian to poverty. I have been blessed with knowing some Christian men who have been extremely wise with their money. God has bessed them. It is not necessarily true that the Christian and money are soon parted. Money is good. it is a tool to be used to honor and glorify God. It is the love of money that present a problem. That love of money translates to a love of things and that is what parts the Christian and money. We then begin dealing with God and debt. It is a fact of life. You can prevent it, get out of it quickly, climb your way out, or try to end the harassment and claw your way out. When it comes to the Christian and money. Being debt free is a worhty goal. Go back to the top
What is a debt collector?
In answer to the question, what is a debt collector, we will start with the simple definition. A debt collector is some who is paid to collect money owed to a company. These debt collectors can be employed by the principle company to which the money is owed or a third party who has acquired rights to collect the money. What is a debt collector? If he works for the original debt holder, he is trying to get you to pay as much as he can get right to that company and as such are not bound by all the terms of the Fair Debt Collection Practices Act. What is a debt collector? When the original creditor gives up and assigns the debt to a collection agency, a debt collector will begin calling as an agent of the original creditor to collect the money. His agency keeps a percentage of all that he collects and the original creditor accepts whet they collect as payment in full. What is a debt collector? When the original creditor totally gives up, your balance due will be sold to a debt buyer. That debt buyer gets what they can from you and keeps all they get. Many times, these companies break the rules, harass you, and will "resell" the account to other in house agencies to avoid being held accountable to the Fair Debt Collection Practices Act. What is a debt collector? Any one of these three. What is a debt collector? Someone you can beat and keep your money! Go back to the top
What is cease to desist?
The proper term is cease and desist. This is a formal request that a debt collection agency stop contacting you regarding a debt owed. Cease to desist, or cease and desist, is an available option to consumers under the Fair Debt Collection Practices Act. If, however, the organization trying to collect the money is the original creditor, they are not bound by this portion of the law. Since the money is owed directly to that creditor, the debt has been neither assigned nor sold, they are not bound by a cease to desist, or cease and desist. Cease to desist - yes - you can make them stop harassing you! Go back to the top
How do you stop creditors from calling?
It is a fair question. Nobody likes the harassment. If the caller does not work for the original creditor, that is to say the debt has been sold or assigned. You have a solution, when you consider how do you stop creditors from calling you, you can issue a cease and desist letter. Tell them to stop and they must. Realize this does not eliminate the debt, just the phone calls. If you don't take care of the debt and you cut off contact, expect to be sued eventually. How do you stop creditors from calling? If the caller works for the original creditor, they have a right to collect what you owe them directly. They can call. So how do stop creditors from calling in this case? Make a deal to pay them Go back to the top
What is a debt validation letter?
This is a letter sent to a third party collector - not the original creditor. What is a debt validation letter? It is a formal request for the third party collection agency to verify that they have the right to collect the money on behalf of the original creditor. When you consider what is a debt validation letter, realize they must produce some original documents in response to your request. They must produce either a) a copy of your latest statement from the original creditor, or b) a copy of the original credit agreement you signed, or c) a contract from the original creditor giving them the authority to collect money due on your specific account. In looking at what is a debt validation letter, it is a valuable resource in stopping collectors in court Go back to the top
In most cases, the person calling you is getting paid pretty close to minimum wage plus a commission if you pay up. Due to the commission factor, they are told to scare the snot out of you in orser to get you to pay. Most times it is just a threat. Programs like the Debt Dominator will help you deal with them. There are however some really underhanded companies. they refuse to abide by the Fair Debt Collection Practices Act. They will lie about who they actually represent. One large firm, Sherman Associates, has more than a dozen subsidiaries. They will swap the debt around between these companies, each one harassing you in turn. If you fight back legally, they move the debt and start over. They improperly and underhandedly file court cases so you never find out you have been sued until you get a notice they have a judgment against you. They are scam artists. It is not to late to stop the scam. Click here for more information! Go back to the top