Help For Credit Card Debt With Neile Simon

Show Notes

Credit card debt fell sharply during the COVID shutdowns. Unfortunately, it’s becoming a big problem again. Folks cut spending and used stimulus money to pay down credit card debt during the pandemic. But what a difference a year makes. Rob talks about it with Neile Simon first and how you can get help with your credit card debt.

Neile Simon is a Certified Credit Counselor with Christian Credit Counselors, an underwriter of this program. Get more information at ChristianCreditCounselors.org

• One of the few positive outcomes of the COVID crisis was that people paid down credit card debt. But I guess you’re here to report that was short-lived?
• We’re also seeing sharp increases in home foreclosures, up 115% in 2022 and delinquent auto loans, up more than 25%. But credit card debt is one area where folks CAN make real progress, relatively quickly. Tell us about that.
• This isn’t just a quick fix; the benefits of setting up a debt management plan with Christian Credit Counselors have a lasting effect, wouldn’t you agree?
• Why is this a biblical approach to ending credit card debt?

On-Air Mention:

• Our featured scripture verse this week is from Roman 13:7 which says, “Give to everyone what you owe them: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor.” That’s good news from God’s Word today. We feature a different scripture passage each week in our Weekly Wisdom email, and it’s a free subscription. Join the thousands of others who are receiving it by going to faithfi.com and click “Sign Up” to register.

Next, Rob answers these questions at 800-525-7000 or via email at askrob@FaithFi.com:

• If you have a life-long goal to give away as much as you can but also realize this instills a problem with pride in that, how should you deal with this?
• How do balance your concerns of your finances with the growth of you faith?
• If you can purchase a new construction home through a VA loan and get a interest rate around 5%, then rent it out as an AirBnB, how can you determine if this is a good idea?
• If you realize you're getting "on in your years" and wish to give your grandson your home, should you put his name on the deed to avoid probate?
• Lewis called to tell us he had brain surgery that nearly bankrupted him but by following the principles learned in the MoneyWise/Faith&Finance program, The Lord enabled him to pay all his debts and slowly increased his credit rate where he now has a perfect credit rating and a surplus of money in his account.
• Regarding the student loan forgiveness, how do we apply that principle to the PPP loans that were abused so much?

<-- Jerry Bowyer – Market Analysis -->

• We see many testimonies about God's faithfulness as our provider, that's the way God designed, not only our lives to work, but also nations, right?
• How do we apply that Biblical world view to apply to look at what's going on in the United States?
• We're about to head into a time when a lot of shareholder meeting occur, and you spend time in those meetings, give us a preview of what is heading our way?

Be sure to check out the rest of FaithFi.com to access our books and our many free helpful resources. You can also find us on Facebook Faith and Finance (Live) and join the conversation. Thanks for your prayerful and financial support that helps keep Faith and Finance (Live) on the air. And if you'd like to help, just click the Give button.