Christian lenders are often the best bet for church communities that are seeking loans. Whether the church is starting from the ground up, looking to develop buildings for classrooms and offices, or renovating their chapel, a Christian lender will often offer lower rates than other traditional financial institutions. In many cases, a Christian lender will extend loan periods, offering lower monthly payments for the church, or they will guarantee a fixed rate for the duration of the loan.
Individuals can also find lower rates with many Christian lenders. These lenders do not work solely with Christians, but in many cases, they will draw on the Bible to dictate their business operations. It is important to realize that all lenders, Christian or otherwise, do require that payments be made in a timely fashion, so it is just as easy to default on a loan from a Christian lender as it is on one from a purely secular institution.
There are a number of Christian lenders that also function as credit and debt counselors. Like most credit counselors, their goal is to help you reduce your debt, but their approaches differ from the norm. The majority of Christian lenders and counselors view debt as a problem of living beyond your means, which they see as a moral issue. They suggest that you will have to face other underlying issues before you can truly get your finances under control.
Many Christian debt counselors are non-profit institutions. They are dedicated to relieving people of the pain and shame that debt often causes. They combine faith-based guidance with financial guidance in order to help their clients.
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