Christians and Debt
What does the Bible say about Christians and debt? Let’s take a look, and then we’ll dig in and discuss how debt affects the lives of believers on a daily basis.
Proverbs 22:7 (NKJV) 7 The rich rules over the poor, And the borrower is servant to the lender.
What is debt? In its most basic form, debt is a type of slavery. It is financial bondage.
You borrow money from a lender. As part of the deal, you sign an agreement to repay the lender the sum you borrowed. You must also pay the agree-upon interest charges.
So when you pay the debt in full, you’ve paid back much more than you originally borrowed. Sometimes the amount paid back can be astronomical when compared to the original amount borrowed.
The moment you sign a loan agreement, you’re in bondage Continue reading