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Debt and Christians
April 1, 2009, 2:01 am
Filed under: Trusting in the Lord | Tags: , ,

Debt and Christians

What is debt
A debt is created when a creditor agrees to lend a sum of assets to a debtor. In modern society, debt is usually granted with expected repayment; in many cases, plus interest. Many people prefer not to seek guidance and comfort in God in times of need but some will be surprised to find that the bible is a great resource to turn to for bankruptcy and debt advice. When scriptures talk about DEBT they are referring to that which is owed, assets or other obligations. I found nothing, no penalties; in the Bible that forbids the borrowing of money. Being in debt means becoming a slave to the debt collector as Proverbs 22:7 states: “Just as the rich rule the poor, so the borrower is servant to the lender”.

Debt becomes a problem for us only when it causes them to sin by not meeting their obligations. That would be when they can not repay the debt. That may also be when the debt is so great that repaying it causes them to neglect the support of their families.

Did you know in the bible there are 2350 scriptures on finances and 16 parables?
We will visit some of these.
We need to Remember God wants us to prosper, but doing it biblically. (responsibly)

We still need to respect our debtors, not cursing them when your bills are not paid.
Lean on God for all your answers. The bible will help direct you to financial freedom.

Matthew 6:12  “And forgive us our debts, as also we forgive our debtors.”

How as Christ followers are we suppose to deal with debt?

Deuteronomy 24:10  “10 When you make a loan of any kind to your neighbor, do not go into his house to get what he is offering as a pledge. 11 Stay outside and let the man to whom you are making the loan bring the pledge out to you. 12 If the man is poor, do not go to sleep with his pledge in your possession. 13 Return his cloak to him by sunset so that he may sleep in it. Then he will thank you, and it will be regarded as a righteous act in the sight of the LORD your God.”
We should be proud of ourselves.

Paying your debtors  (Integrity)
Numbers 30:2 “If a man vow a vow unto the LORD, or swear an oath to bind his soul with a bond; he shall not break his word, he shall do according to all that proceedeth out of his mouth.”

Jesus had little to say about debt but here is something he did say, (forgiveness) of a debt.
Matthew 18:27-35
27 The servant’s master took pity on him, canceled the debt and let him go. 28″But when that servant went out, he found one of his fellow servants who owed him a hundred denarii’s (a few dollars). He grabbed him and began to choke him. ‘Pay back what you owe me!’ he demanded.  29″His fellow servant fell to his knees and begged him, ‘Be patient with me, and I will pay you back.’  30″But he refused. Instead, he went off and had the man thrown into prison until he could pay the debt. 31When the other servants saw what had happened, they were greatly distressed and went and told their master everything that had happened. 32″Then the master called the servant in. ‘You wicked servant,’ he said, ‘I canceled all that debt of yours because you begged me to. 33Shouldn’t you have had mercy on your fellow servant just as I had on you?’ 34In anger his master turned him over to the jailers to be tortured, until he should pay back all he owed. 35″This is how my heavenly Father will treat each of you unless you forgive your brother from your heart.”.

Conclusion
There becomes a problem for us only when it causes us to sin by not meeting our obligations (debt payment). That may also be when the debt is so great that repaying it would cause us to neglect the support of our family.’ beyond our budget, live within our means’
Proverbs 22: 26-27, which says: “Do not be a man who strikes hands in pledge, or puts up security for debts; if you lack the means to pay, your very bed will be snatched from under you.”

This scripture shows that even in biblical times, people were struggling with debt.
That last question is a tough one. I, like many, am in debt to various credit card companies for more than is good for me. The simplest answer would be not to get into debt in the first place. In many cases that is not an option. Some of us pay bills that we cannot afford to pay right-now. If you yourself are so far in debt that you feel that there is no way out, stop and remind yourself that God loves you, and He does not want you to carry the burden of debt. The bible also warns against debt and tells us that we should live within our means. First reason why the bible condemns the use of credit cards is because they encourage the use of materialism as a means of therapy to enhance our mood. Another reason is because the reliance upon credit cards shows that we have little faith in God to help us during financial difficulties.
There are Christian counselors that can help you reduce debt, showing a biblical plan to financial freedom, consolidating a loans, cutting up or hiding the credit cards may be an option. Or, like in one commercial for managing debt, freeze the credit card in a large block of ice. This will definitely cut down on impulse spending. Faith in God acknowledges that He is able to provide everything we need; everything we have comes from Him anyways! Lets use it like it is borrowed from God we really need to pay this back. When we trust in God, then a lot of our credit spending will be unnecessary. Some credit spending is based on a lack of trust that God will give us our needs. The only way to relieve ourselves from the slavery of debt is to ask God to help us to resist the temptation to spend unnecessarily. By admitting our weaknesses, we are able to fight them with stronger conviction. James 5:16 states: “Humbling yourself and confessing your struggles will move you towards freedom and healing.
 WE NEED TO CHECK OURSELVES TO SEE IF WE ARE IN GOOD STANDING WITH GOD.

Timothy 6:10 “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many grief’s”.
King 4:7  “She went and told the man of God, and he said, “Go, sell the oil and pay your debts. You and your sons can live on what is left.”
Psalms 37:21 “The wicked borrow and do not repay, but the righteous give generously”
Romans 13:8 “Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellow-man has fulfilled the law.”

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