Ordering Finances Wisely, Part 2: A Credit Check Shows How Creditors View You

Jim

Read Part 1.

Few will go through life never needing or using credit. Christians use credit to finance education, acquire a vehicle or provide a mortgage for a new home. We are also every day credit users when we swipe the credit card for a minor or major purchase.

It wasn’t too many years ago that my wife and I would purchase traveler’s checks for a vacation trip. My wife would have the traveler’s checks in her purse; I would have the receipt for the traveler’s checks in my wallet. We would take several hundred dollars out of the bank and divide that between husband and wife.

Anymore, we use a surprisingly little amount of cash a year—perhaps as little as $80 per month. Everything else goes on a credit card.

Discussion

Ordering Finances Wisely, Part 1: Fraud & Identity Theft

Jim

“It’s really amazing that in the age of unbelief, as a smart man called it, there isn’t even more fraud. After all, with no God, there’s no one to ever call you to account, and no accounting at all if you can get away with it.” (Ben Stein1)

Luke 16:11, “Therefore if you have not been faithful in the unrighteous mammon, who will commit to your trust the true riches?”

John 10:10, “The thief…come[s] to steal.”

Discussion

Reining in the practice of high-interest payday lending

SI Filings

“The effective interest rate on payday loans is staggering—the interest rate for a $50 loan that requires the debtor to pay $70 in a month is 40 percent, which translates to 480 percent per year.” WORLD

Discussion

Is "Financial Independence" Biblical?

SI Filings

“Having enough money so we don’t have to work anymore or don’t need any money or people to help us? Is that the abundant life Jesus is talking about? I am not so sure.” IFWE

Discussion