I’m a Good Christian and Being in Debt Settlement is Extremely Stressful to Me. – Sue

“Dear Steve,

I’m so pleased to find your site and I thank you in advance for the help you’re giving people. I’m an honest Christian person who serves my church and community with dedication. However, I have a severe problem due to having been a victim of downsizing, losing a position of 22 years and everything that went with it, and never being able to fully recover, even though that situation happened nearly 8 years ago.

When that situation happened to me, my income went down significantly. I could no longer handle my monthly bills. I first entered into debt consolidation but the payment was too high. I switched to debt settlement, thinking I was doing the right thing. A little over a year of doing that, I am now finding debt settlement to be extremely stressful. I’m working with an amount of $30,000. Because of debt settlement, accounts have aged and the threat of court dates is soon to be upon me. I just physically and emotionally can’t take the stress any longer. In addition, my credit score has declined from good to bad because of debt settlement. If I would have realized the downside of debt settlement, I never would have done it.

The only thing I can think to do is obtain a loan for $30,000., have all debts paid off through debt settlement, and then repay the loan with one monthly payment. The problem is I can’t find a loan. Lenders look at the debt, the credit score, and that’s the end of it. I’ve even hired a loan consultant firm and they’re having difficulty.

Is there anything I can do, Steve? I’m really desperate for an answer from you. My computer skills are not that great and it would be difficult for me to find your answer on one of your forums so please just answer by email.

I would appreciate your help so very much. I’m so glad things have got better for you. Maybe you can help them get better for me also.

See also  Does God Even Care I'm in Debt? My Family Hates Me for My Debt.

Thank you, Steve, and God bless you. I hope to hear from you soon.

All the best,

Dear Sue,

The logical solution is for you to consider bankruptcy. And think about this, if you had gone bankrupt when this first happened years ago you would have been long out of debt by now and already working on restoring your credit.

Many people that identify themselves as devout Christians often have a knee-jerk reaction that bankruptcy is somehow a sin or offense against God. But there isn’t any merit to that. In fact, I think you need to read the answer I gave someone before that included a section on “Is Bankruptcy Scriptural?

For all the people that say they want to honor their promise to repay and avoid bankruptcy, let me say that debt settlement does not complete that promise. If the promise is the important part then 40% of a promise is still a miss.

But for people that are struggling with the stress and pressure of problem debt and who want to honor their promise to creditors there is nothing that prevents someone from getting protection from creditors by filing bankruptcy and then repaying creditors afterwards.

I’m not trying to make you feel bad. But doesn’t it seem at this point with what you’ve been through that the credit counseling and debt settlement approaches were just a waste of time and money? It’s because they never addressed the underlying problem debt.

Click here to find a local bankruptcy attorney you like. Stop throwing your money away with other ineffective solutions and take action right now to really address the problem debt.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

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