Exodus 22:14 - If anything is borrowed, it should be paid back. If what is borrowed is lost or injured, full restitution must be made. Ps 37:21 - The wicked borrows but does not pay back, but the righteous is generous and gives. The Bible is clear that when something is borrowed is should be paid back.
The Bible never says that going into debt is a sin. However, it issues a very stark warning: “The rich rule over the poor, and the borrower is slave to the lender”.
It's wrong not to repay debts
Psalm 37:21 says, “The wicked borrows but does not pay back.” This doesn't necessarily mean that it's always wrong for a Christian to declare bankruptcy.
The Biblical doctrine of usury rests primarily on three texts: Exodus 22:25; Leviticus 25:35; and Deuteronomy 23:19-20. Exodus and Leviticus prohibit loans of money or food with interest to a needy brother or sister or even a resident alien. Deuteronomy forbids taking interest from any person.
Pay everyone whatever you owe them. If you owe taxes, pay them. If you owe tolls, pay them. If you owe someone respect, respect that person.
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, ...
PAYMENT OF DEBTS
If you really cannot pay your debts you do not commit sin by not paying them. No one is bound to do what is impossible. Those who, through no fault of their own, are genuinely unable to pay deserve compassion and kind treatment. Their inability must be genuine.
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.”
All sins shall be forgiven, except the sin against the Holy Ghost; for Jesus will save all except the sons of perdition. What must a man do to commit the unpardonable sin? He must receive the Holy Ghost, have the heavens opened unto him, and know God, and then sin against him.
Credit cards have become ubiquitous. For most people, they are a common method of paying for purchases. There are certainly no biblical prohibitions against the use of credit cards.
“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 shall not make any cuts on your body for the dead or tattoo yourselves: I am the Lord.” What does the Bible say about tattoos? That's it—that one line in Leviticus 19:28 of the Old Testament. But context is key—and this scripture may not apply to us in the way it looks.
Though the Bible does not encourage financial debt, there is one debt it does encourage, and that is to love one another. Romans 13:8 “Owe no one anything, except to love each other, for the one who loves another has fulfilled the law.” The Bible does not forbid debt, but it does not speak positively of it.
If we take God's Word seriously, we should avoid debt when we can, since “the borrower is servant to the lender” (Proverbs 22:7, NLT).
According to the Bible, God cares about our money–how we use it, how we think about it, and even how we make it.
“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.
It's not a sin to borrow money. But the mindset that values hard work seeks as often as possible not to take out debt. This is what the Scriptures about work let us know. “If a man borrows anything of his neighbor, and it is injured or dies, the owner not being with it, he shall make full restitution."
Borrowing money is not a sin. But it isn't God's best either. Everything in God's Word is designed to keep you at the top in every area of life—including financially. You are called to be the head, not the tail; above, not beneath; and the lender, not the borrower (Deuteronomy 28:12-13).
Mortal sins are also known as cardinal sins and are the more serious of the two types. These sins involve a grave matter committed with full knowledge and done freely and deliberately. Examples of mortal sins include murder, adultery, blasphemy, and idolatry.
Be cautious about going into debt.
The Bible warns us about debt. Proverbs 22:26-27 says Don't be one of those who enter agreements, who put up security for loans. If you have nothing with which to pay, even your bed will be taken from under you. To put it plainly—Be careful.
Therefore I tell you, every sin and blasphemy will be forgiven men, but the blasphemy against the Spirit will not be forgiven.
The 'Parable of the Unforgiving Servant' is from the Christian Bible: Matthew 18:21-35. It details the story of a servant who was forgiven a massive (unrepayable) debt, only to refuse forgiveness to another servant who owed a relatively small debt.
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.
“At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called the LORD's release.