Kurts Weblog


Debt

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. When scriptures talk about DEBT they are referring to that which is owed, assets or other obligations. I found nothing in the Bible that forbids the borrowing of money there are no penalties.

We all love this one Matthew 6:12  “And forgive us our debts, as also we forgive our debtors.”

Deuteronomy 24:10-13  “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.”

Matthew 18:27  “The servant’s master took pity on him, canceled the debt and let him go.”

What does the Bible say about paying your debtors.

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.”

God wants us out of debt and proves it in a miricle.
2 Kings 6
The company of the prophets said to Elisha, “Look, the place where we meet with you is too small for us. 2 Let us go to the Jordan, where each of us can get a pole; and let us build a place there for us to live.”
And he said, “Go.”  3 Then one of them said, “Won’t you please come with your servants?” “I will,” Elisha replied. 4 And he went with them. They went to the Jordan and began to cut down trees. 5 As one of them was cutting down a tree, the iron axhead fell into the water. “Oh, my lord,” he cried out, “it was borrowed!”  6 The man of God asked, “Where did it fall?” When he showed him the place, Elisha cut a stick and threw it there, and made the iron float. 7 “Lift it out,” he said. Then the man reached out his hand and took it.

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. That last question is a tough one. I, like many, am in debt to various companies 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. God loves you, and He does not want you to carry the burden of debt.There are debt counselors that can help reduce debt by consolidating loans at a lower interest rate. If one is in excessive debt, cutting up or hiding the credit cards may be an option. Faith in God acknowledges that He is able to provide everything we need; everything we have comes from Him anyways! If 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.
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 griefs”.
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.”
…….Merciful Father……
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?’ 34 In 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.”.

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