Nehemiah 10:31 - Forgo the exaction of every debt. Proverbs 22:26 - Do not become guarantors for debts. Matthew 6:12 - Forgive us our debts, as we forgive our debtors. Matthew 18:27, 30, 32, 34 - Forgive because your debts have been forgiven.
Scripture is clear that while debt itself may not be sinful, it's also not God's best for His people. This is because when we choose to borrow money, we are putting our trust and confidence in a credit card or a lender instead of in Christ.
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, ...
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”.
Jesus also taught us to ask God to "forgive us our debts [sins] as we forgive our debtors [those who sin against us]" (Matthew 6:12, Luke 11:4). Sin creates a spiritual debt.
Deuteronomy 15:1-6 (NIV) At the end of every seven years you must cancel debts. 2 This is how it is to be done: Every creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from his fellow Israelite or brother, because the LORD's time for canceling debts has been proclaimed.
There are no 'tricks' to reconciliation. All you do is get your heart right and ask Him for the 'want to' for that. The Bible says that God will always forgive our sins every time we ask him to, which is unlimited forgiveness.
This time frame varies by state and type of debt but typically ranges from three to six years for credit card debt. So, by the seven-year mark, most creditors will be unable to sue you over your unpaid credit card debt. In some states, though, the statute of limitations can be as long as 15 years.
It's a red flag for budgets. Though incomes are up, Americans are putting more on plastic and stretching to pay on time, reinforcing the precarious nature of cash flow.
“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.
Robert Kiyosaki suggests reducing consumer debt by focusing on paying off one or two credit cards every month and always paying off new charges. He advises generating an additional $150-$200 every month and applying this to paying down the balance on one of your credit cards.
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.
While the Bible doesn't explicitly endorse cremation, there's also no scriptural passage that directly prohibits it.
“Heavenly Father, I lift this person up to you and put this situation in your hands. Please give me wisdom. Please bless this person financially so they will never feel the need to borrow in the future. Your ways are not our ways.
With this declaration, Alma identified for Corianton the three most abominable sins in the sight of God: (1) denying the Holy Ghost, (2) shedding innocent blood, and (3) committing sexual sin. Adultery was third to murder and the sin against the Holy Ghost as abominable sins.
Repentance is always available, even if you've made the same mistake again. The Lord has said, “As often as my people repent will I forgive them their trespasses against me” (Mosiah 26:30). Be one of “His people,” and return to the Lord whenever you stray. Also, talk to your parents and your bishop.
I want to assure you that for all those in Christ, the answer to this question is a resounding "Yes!" Yes, God will forgive all of your sins. Even the ones that have plagued you the longest and consumed you the most. God's forgiveness does not depend in the slightest degree on what you do or not do.
“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.
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.
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.
You are the God who provides all my needs according to your riches in Glory. I come to You as I am struggling financially, asking for your provision. Remove my fear, doubt, and unbelief. Fill me with Your peace and confidence in the promise of your care for me in time of need.
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.
Romans 13:8
8 Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.