Category Archives for "Borrowing & Lending"

Why Financing is the New Layaway…and What the Bible Says About It

Do you remember “layaway”?   If you’re unfamiliar with the process I’m referring to, “layaway” was an option many stores offered if you couldn’t afford to pay the full price of an item. The store would hold the item for you as you make payments towards it, usually for about 3-6 months. When you had […]

6 Money Myths You Need to Stop Believing

[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text] There are many misconceptions and myths about money. Many of them are completely untrue, but some are more untrue when you look at them through the lens of a faithful, biblical steward. Here are some of the top […]

Collecting Debts From Friends

Originally posted on the Christian Post on June 2 To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity. Dear Chuck, About 9 years ago I loaned an acquaintance I met at church a substantial amount of money, with […]

What You Need to Know About Being Threatened by a Debt Collector

The Consumer Financial Protection Bureau recently reported than 1 in 4 consumers felt threatened when contacted by debt collectors. They experience collectors calling too often, at odd hours, and warnings of jail time and other frightening threats. Some were being hounded for debts they did not even owe! Many complained that the collectors ignored requests […]

4 Principles for Borrowing Money

Borrowing is not prohibited scripturally, but neither is it encouraged. It is always presented as a negative with many warnings about its danger and misuse. Here are fundamental Biblical principles related to borrowing. Avoid borrowing unless absolutely necessary:  Borrowing should not be a way of life but the exception. Only if there is no other […]

The Good, the Bad, and the Ugly of Reverse Mortgages

Originally posted on the Christian Post on September 30. Dear Chuck, My elderly parents are considering a reverse mortgage because they are struggling on a fixed income. Is that a good idea? Could it do more harm than good? Worried for Mom and Dad Dear Worried, I share your concerns about reverse mortgages, called “the ugly […]

5 Things You Should NOT Use Debt To Pay For

We live in a culture where debt is assumed to be essential for everything. The Bible tells us that the borrower is a slave to the lender so we should be vigilant in our efforts to avoid becoming financial slaves.  Here are the things I would not use debt to purchase: A Car. Financing something […]

How to Lose a Car and Not Your Credit Rating

Originally posted at Christian Post September 9, 2016. Dear Chuck,  What are the rules when a bank repossesses your car? Do you still have to pay them what you owe and can they garnish your wages for payment? I have a friend who has just turned her life over to Christ and over the years she has […]

3 Tips for Dealing with College Debt

Dear Chuck, It’s back to school time for many families, but my children are finishing college and newly graduated, so I’m less concerned now that they have a diploma– and more worried about the debt they accumulated – the nasty student loan kind of debt.. Do you have any advice for my family and me? […]

How to Avoid Over-Housing

Forbes contributor, Joshua Becker, asks, do you really need that much home? His insightful article points out that we regularly only use 40% of our living space. Yet, Americans carry high mortgages and live with the stress of financial burden. More is not always better. A small home is typically less expensive, easier to maintain […]