Category Archives for "Debt"

Understanding Surety

With regard to finances, surety is probably the least taught and least understood principle in God’s Word. Considering the number of times the Scriptures warn against surety, its amazing to think that so few actually heed God’s cautions. The fact that so many Christians can violate a basic biblical principle about money and seem to […]

Using credit cards for business expenses

It is common practice in today’s business world for employers to reimburse employees for business-related expenses: hotel rooms and meals while on a business trip or gasoline if the employee’s car is used for business purposes.   The Problem As in personal finances, credit cards can wreak havoc with business expenses. Sometimes the employee uses […]

How to Avoid Post-Vacation Sticker Shock

How much did the typical adult spend on his or her summer vacation last year? $400? $800? The average price tag was actually closer to $1,200. Imagine, then, how much money a family of four spent! “Summer vacations can be surprisingly expensive,” Suzanne Boas, former president of Clearpoint Credit Counseling Solutions, said. “Families spend considerable […]

Bankruptcy

The term bankruptcy comes from two Latin words and literally means “broken bench.” Under Roman law, creditors divided up the assets of a delinquent debtor, then broke the debtor’s workbench as punishment and a warning to other indebted tradesmen. Today’s laws and changes in consumer attitude toward bankruptcy have fostered a climate in which people regard bankruptcy […]

Such a Deal for You — The Fine Print of Obama’s College Loan Plan

By Chuck Bentley Millions of young Americans with student loan debt are about to make a deal without a clue as to how much it’s going to cost them down the road. President Obama’s latest end-run around Congress presumably to bail out those struggling to repay their student loans is a bad plan on many […]

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