Does Jesus talk about debt?
Luke 7:42-43 - He who is forgiven much (debt) loves much; he who is forgiven little (debt) loves little. Romans 4:4 - Wages, like a debt owed, must be paid. Colossians 2:14 Jesus canceled the record of debt we owed by nailing it to the cross.
Jesus, in fact, was always true to the principles underlying usury and debt forgiveness and the notion of the importance of placing love and compassion above greed and wealth. In Luke 6:34-35 Jesus said: “And if you lend to those from whom you hope to receive, what credit is that to you?
The Bible on Debt
Scripture does not say that debt is a sin, but it strongly discourages it. Remember, God loves us and has given us these principles for our benefit. Read the first portion of Romans 13:8 from several different translations: “Owe no man anything” (KJV). “Let no debt remain outstanding” (NIV).
Deuteronomy 15:8 says, “You shall open your hand to him and lend him sufficient for his need, whatever it may be.” Turning to the New Testament, in the Sermon on the Mount, Matthew 5:42, Jesus says, “Give to the one who asks you, and do not turn away from the one who wants to borrow from you.”
But God tells the Christian, “Don't owe anyone anything. Don't go into debt; don't be in debt.” The service you owe to another will prevent you from serving God. The money you must pay out to bills will prevent you from giving to the work of the Lord.
It doesn't say that it's a sin to borrow
And there are cases where debt is simply unavoidable — such as medical emergencies, job layoffs, or bankruptcy. (Romans 13:8 is often used to “prove” that borrowing is sinful, but this verse is mainly about relationships, not money issues.)
“The wicked borrows but does not pay back, but the righteous is generous and gives” (Psalm 37:21). To refuse to settle our debts is downright wicked, a gross abdication of Christian character. Debt is not always wrong, but in most cases it is inadvisable.
You may require payment from a foreigner, but you must cancel any debt your brother owes you. if only you fully obey the LORD your God and are careful to follow all these commands I am giving you today. For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none.
It is best not to owe any debt, which should be the goal and pursuit of every Christian. But, needing to borrow is not wrong. Christians who hear God's voice and have God's financial principles to guide them can make wise borrowing decisions.
God wants us to be better as we struggle
No discipline seems pleasant at the time, but painful. Later on, however, it produces a harvest of righteousness and peace for those who have been trained by it. As we struggle from financial difficulties, we become better. It may be part of God's discipline.
Is it biblical to get a loan?
“Some people believe that Romans 13:8 does not allow for borrowing and that it is a sin to have a debt. However, the Bible does not forbid borrowing or legal financial transactions that involve interest.
Proverbs 22:26-27
26 Do not be one who shakes hands in pledge or puts up security for debts; 27 if you lack the means to pay, your very bed will be snatched from under you.
The Old Testament "condemns the practice of charging interest on a poor person because a loan should be an act of compassion and taking care of one's neighbor"; it teaches that "making a profit off a loan from a poor person is exploiting that person (Exodus 22:25–27)." Similarly, charging of interest (Hebrew: נֶֽשֶׁךְ, ...
Proverbs 22:7 (ESV) says, “The rich rules over the poor, and the borrower is a slave to the lender.” Whenever we borrow money, whether via a credit card or some other means, we have certain obligations to the lender. We must repay what we borrow.
“The wicked borrow and do not repay, but the righteous give generously.” - Psalm 37:21. As Christians, we know that paying our debts is important. We serve a just and righteous God who hates dishonesty, but what if someone owes you money? What recourse do you have?
Jesus, the debt burden is weighing on me, stressing me out, and affecting my life negatively. So I come to You by faith and lay the burden of this right here, at Your feet, trusting You to take the weight of it and help me deal with it.
Skeptics of student loan forgiveness also argue that forgiving debt may cause a moral hazard for future borrowers, who may expect their debt to be forgiven, while also incentivizing higher education institutions to further increase prices without repercussions from consumers (see Cooper 2019).
The Westminster Confession of Faith 11.3 summarizes it this way: “Christ, by His obedience and death, did fully discharge the debt of all those that are thus justified, and did make a proper, real, and full satisfaction to His Father's justice in their behalf.” God no longer regards anyone who is in Christ guilty of ...
However, at the same time it warns against those who acquire debt but does not have means or intention to repay. Islam espouses prudence and speaks against carrying debts. The Quran states that if the debtor is in distress than let there be postponement until he is at ease.
Even in the Lord's prayer, Jesus taught His disciples to pray, “...and forgive us our debts…” (Matthew 6:12a). Most translations use this word, though others may say trespasses or sin. Just like debt binds people to someone else as long as they are in debt, sin keeps people bound to itself, and they are trapped in it.
How to pay off debt according to the Bible?
Step 3: Make paying off your debt a priority
If you borrow money from anyone, you should pay him or her back as soon as possible. That is the right thing to do. The Bible says, “The wicked borrows but does not pay back, but the righteous is generous and gives” (Psalm 37:21 – ESV).
1 Timothy 6:10
In the book of 1 Timothy, we're reminded that “the love of money is the root of all kinds of evils.” When you crave money—and all the things money can buy—above all else, you're not putting your faith in God. These things don't draw you closer to God, rather they pull you away from him.
In Leviticus 25, we find the first reference to Jubilee, as part of the law given by Yahweh to the Israelites. These verses describe God's intent that the Israelites should remain free from slavery for all time by instituting a Sabbath year every seven years.
Romans 13:8 (AMPC) tells us to Keep out of debt and owe no man anything, except to love one another... My husband, Dave, says that if we learn to live within our income, or our borders, then God will bless us.
God Wants To Be Honored
Pro 3:9 KJV Honour the LORD with thy substance, and with the firstfruits of all thine increase: God in His fullness and infinite glory is not in need of any earthly treasure; money inclusive. However, God greatly appreciates it when we give Him our wealth because He views it as a way of honor.
