Some debt consolidation companies are now adding the word “Christian” to their names for the purpose of strengthening their image. It has become the most recent trend in the debt consolidation industry. They claim that they are true Christians and you can rely on them. If you do an Internet search with the key phrase “Christian debt consolidation”, you would come across many consolidation companies using this technique (adding the word Christian in front of their names). Are they really dependable? Read on to get some idea.

For profit and non profit Christian debt consolidation companies

Many of these companies claim themselves as non profit companies but actually they are not. On the Google search results page, you’d find many advertisements stating “Get Christian non profit debt assistance and become debt free forever”. If you explore some of these companies and check their non profit tax status (501c), you would see that none of them are non profit consolidation companies. This is a typical example of bait and switch tactic. If you communicate with them through email and question them about their non profit status, either they would ignore you or give you similar answers that a portion of their business is non profit. The difficulty with this declaration is that either they are non profit or they are not. There is nothing called a “hybrid” model when it comes to making profit. Either you run your business for making a profit over your costs or you don’t.

Do Christian debt consolidation companies offer better services?

Are so-called Christian debt consolidation companies really helping their clients? Do they handle their problems better than the usual consolidation companies (companies that don’t advertise their spiritual connection)? For getting some perception on this, some of these companies were explored with the help of the Better Business Bureau and given below are some outcomes:

• One Christian debt consolidation company had a C+ rating with the BBB but there are over 60 complaints throughout the reporting period. Maximum complaints are related to their ability to work according to their agreement. It also seems that this consolidation company has launched different websites and all of them had separate names (for whatsoever reason).
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  One company had a C- rating with the BBB with a record of complaints. Once more, majority of complaints were associated with not working according to their promises.

To be honest, you would see very few companies with a fair track record despite the fact that they are not around for quite a long time. Above 50% of these companies that have been working for over 5 years also had a lot of complaints against them.

Therefore, based on this short but decisive research, the religious tag of these companies doesn’t convert into better services.