At debt's door

Credit is everywhere, a way of life by choice or necessity for all of us. Each autumn lenders send out nearly 100 million unsolicited, pre–approved credit card applications ready for Christmas. Store cards, catalogues, loans, HP and consolidation loans are other forms of credit. An earlier generation called it debt but attitudes have changed. For contact numbers for debt advice click here

Many no longer think of credit or loans as debt at all and it is a complex matter. Most of us have debts and most people can also repay those debts. Millions have huge mortgage debt and borrow against equity to finance home improvements while house prices increase. Students leave college with debts set against potential increased income from having a degree. Consumer borrowing against future earnings is understood as confidence in the economy.

But unmanageable debt is a huge and growing problem. To find real freedom in respect of money careful, biblical thinking about borrowing is essential. Understanding the debt problem and knowing how churches can help through caring, practical support and signposting help for those burdened by debt or struggling with money worries is vital. An insight is given in two powerful personal debt stories.

The Bible has wise and challenging things to say to us about borrowing and debt. Stewardship Money offers a debt seminar, promotes good thinking around borrowing and practical workshops on money management including budgeting and credit.

For contact numbers for debt advice and help click here