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).
A Powerful Prayer for Getting Out of Debt
Dear God, I pray for relief from the burden and unbearable weight of debt. I'm so thankful that even though I may have made bad choices that got me into debt, You are much bigger than my mistakes. I ask for deliverance from the stress of debt.
ESV Owe no one anything, except to love each other, for the one who loves another has fulfilled the law. NIV Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.
Proverbs 22:26-27
"Be not one of those who give pledges, who put up security for debts. If you have nothing with which to pay, why should your bed be taken from under you?"
14 Above all, clothe yourselves with love, which binds us all together in perfect harmony. 14 And regardless of what else you put on, wear love. It's your basic, all-purpose garment. Never be without it.
3) Miraculous Debt Relief: Almighty Father, I believe in Your power to perform miracles. I pray for miraculous debt relief and financial freedom. Let Your favor be upon me. Amen.
“Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver” (2 Corinthians 9:7, NIV). There are so many benefits to giving. Always. We encourage you to continue doing it even as you dig your way out of debt.
For example, engaging in dedicated worship of Lord Hanuman can serve as a potent astrological remedy for alleviating debts. Devotees are encouraged to recite the Hanuman Chalisa daily for 40 consecutive days, chanting it 108 times each day.
Similarly, in Deuteronomy 15, God says that every seven years, creditors should “remit the claim that is held against a neighbor” because “the Lord's remission has been proclaimed.” In the New Testament, Jesus instructs his followers to pray “forgive us our debts, as we also have forgiven our debtors” (Matthew 6:12, ...
Father, in Jesus' name, I'm asking for Your strategies. I trust Your generosity and know You want to lead me to wisdom. So give me Your wisdom to do the right things and make the right moves to get out of debt quickly. Father, in Jesus' name, I'm asking for a sustainable income.
ESV Whoever is generous to the poor lends to the Lord, and he will repay him for his deed. NIV Whoever is kind to the poor lends to the Lord, and he will reward them for what they have done. NASB One who is gracious to a poor person lends to the Lord, And He will repay him for his good deed.
Matthew 6:12 in Other Translations
12 and forgive us our debts, as we also have forgiven our debtors. 12 and forgive us our sins, as we have forgiven those who sin against us. 12 Keep us forgiven with you and forgiving others.
Father, I present my finances before You, and I pray for a financial miracle—an increase in wealth and a decrease in losses. I desire to let go of the stress and depression that a lack of money has caused me. Amen.”
Lord Jesus, I come before you, just as I am, I am sorry for my sins, I repent of my sins, please forgive me. In your Name, I forgive all others for what they have done against me. I renounce Satan, the evil spirits and all their works. I give you my entire self, Lord Jesus, now and forever.
If you cannot pay off your debt
You can apply for a Debt Relief Order or Bankruptcy Order if you cannot pay your debts because you do not have enough money or assets you can sell.
1 John 4:19 in Other Translations
19 We love each other because he loved us first. 19 We, though, are going to love - love and be loved. First we were loved, now we love. He loved us first.
One example comes from Ephesians 4:32: “Be kind and compassionate to one another, forgiving each other, just as in Christ God has forgiven you.” In this sentence, Paul has summarized the biblical message: that we are to be kind, compassionate and forgiving.
9 The LORD is a refuge for the oppressed, a stronghold in times of trouble. 10 Those who know your name trust in you, for you, LORD, have never forsaken those who seek you. 11 Sing the praises of the LORD, enthroned in Zion; proclaim among the nations what he has done.