Testimony – Aaron Reeves Coming Out of Debt Slavery
Aaron served as a YWAM base leader in Boston for over a decade. He is a worship leader. And we have labored together in the New England harvest fields as part of NE Alliance and 10 Days of Prayer. He is a faithful warrior!
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bostonworshiphouse.org
Aaron is now transitioning into the marketplace, starting a newco called North East Audio. His company works as sound engineers and consultants for churches and others to serve their audio needs. We could even call it a New Breed of Audio company…
Better yet, the Reeves have just had their sixth child… Baby Quinn Declan! Congratulations man!!
The journey with the NECAP and Aaron started with a truck. Yes, the desire and need for a work truck. Originally envisioned, Aaron was asking God for a Toyota Tundra if I remember correctly. But that didn’t come together, so the opportunity came to buy back his old Honda Element, which served well as a work + family vehicle instead.
Testimony of Coming out of Debt
Hear how the New England Storehouse (aka the N.E.C.A.P.) helped Aaron and his family get out of debt. They had credit card debt and a car loan. We prayed, gave testimony, and advised them on the possibility of debt forgiveness and debt reduction. You probably are aware that credit card cos go for broke in charging fees and interest until you drown. They don’t really have the Reeves’ best interest in mind. (Reeves who? they better pay up!)
Similarly, auto loan companies and banks have the repo man at the ready if they ever miss a car payment. The tow truck is around the corner ready to take away the family truckster.
The Plan
We refinanced the two loans and helped the Reeves pay them down. How? The NE Storehouse (NECAP) has a fund to help seed such projects. We encouraged Aaron to negotiate with his creditors to settle the credit card debt and pay off the car loan. After several rounds of back and forth, people through the NECAP refinanced the balances with a no-interest (Deut 23:19), non-recourse (Ezekiel 18:7) loan package, then further reduced by any gifts. That’s right! A loan like Jesus said to do it in the bible (Matt 5:42). Not the way the world does it.
As part of helping the Reeves, they committed to cut up the credit cards and not go back to ‘Egypt’ with respect to CC debt. They also have no interest in ever getting another traditional car loan. They want to become the lender, not the borrower (Deut 28:12-13). They are out of debt slavery (Prov 22:7). We the Church; we the NE Storehouse community (NECAP) helped disciple the Reeves into this vision.
Result
Original debt: $ 11,100
Negotiated Discount: $ 4,454
Payoff with creditors: $ 6,646
NECAP Gifts: $ 5,025
Non-recourse, 0% Loans: $ 1,621
How did People Participate?
That’s easy, everyone decided whether they wanted to lend and/or give to the Reeves, and how much. That was combined with the seed capital from the Storehouse Fund. The NECAP community administered the loan(s) receiving payments from the Reeves and crediting the account of whoever lent the Reeves money. For those who gave a gift, they got a tax receipt and a tax deduction. Anyone who later wanted to forgive a loan, would also get a tax deduction. If people wanted to transfer their interest in a loan, that was a possibility as well.
The Reeves finished paying off the last bit of their NECAP loan just recently Jan 2025! Yey! So they were able to pay off the loan in about a year.
In fact, remember that original desire for a pickup truck? Well, that too has now been realized in the form of this Chevy Silverado. Paid-in-full. God is good. He gives us the desires of our heart.
Hear Aaron’s testimony and questions answered about how the Storehouse process worked!
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