Published by The question is what does the Bible say about Christians going into debt? There are actually several biblical citations about Christians going into debt.
- Leviticus 25:38
I am the Lord your God, who brought you out of Egypt to give you the land of Canaan and to be your God.
- Leviticus 25:35–38
If one of your countrymen becomes poor and is unable to support himself among you, help him as you would an alien or a temporary resident, so he can continue to live among you. Do not take interest of any kind from him, but fear your God, so that your countryman may…
- Matthew 18:23–35
Therefore, the kingdom of heaven is like a king who wanted to settle accounts with his servants. As he began the settlement, a man who owed him ten thousand talents was brought to him. Since he was not able to pay, the master ordered that he and his wife and his…
- Matthew 25:27
Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest.
- Proverbs 28:8
He who increases his wealth by exorbitant interest amasses it for another, who will be kind to the poor.
- Psalms 37:21
The wicked borrow and do not repay, but the righteous give generously;
- Romans 13:1–10
Everyone must submit himself to the governing authorities, for there is no authority except that which God has established. The authorities that exist have been established by God. Consequently, he who rebels against the authority is rebelling against what God has…
- Romans 13:7
Give everyone what you owe him: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor.
- Romans13:8
Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.
That being said, it is but only clear that the Bible perceives borrowing of money as a necessary evil. It does not favor nor condemn the act of going into debt. Although, it does teach us that it is almost always not a good idea to go into debt.
Okay, so we already established that the borrowing of money is inevitable. I would like to make it clear that going into debt in the Christian context is not immoral as what other devout Christians may think. As long as you handle things wisely there’s no problem. What about if you don’t? Please don’t get me wrong, the capacity or the ability to handle money wisely is not innate among us humans and especially not among us Christians.
We might find ourselves sometimes over extended because of necessary expenses like medical, education, food, and whatnot. In addition, the high interest rates and other factors we end up in unsecured debts.
This is where “debt consolidation” comes in. Throw in the term “Christian” and you’ll get debt consolidation and financial management services that are based on Christian values and beliefs. The bottom-line among these services are the low interest rates (and I mean drastic reduction compared to other commercial services), absence of hidden charges and fees, no late charges, and other advantages that rules out other commercial services. Another thing about Christian debt consolidation is that it has no religious strings attached because it does not choose whom they provide their services. Anyone who apply and qualify will be provided the assistance they seek. More often than not, these services have high customer satisfaction ratings.
The high customer approval ratings aren’t impossible because Christian debt consolidation services usually have highly skilled credit negotiators. They have backgrounds and connections with your current creditors and you can really look forward to dramatically reduced interest rates and payments. Interest rates could go down from 8% – 0%. This range does present a significant change in what you’re currently paying; of course it makes you save more.
Financial freedom isn’t really hard to achieve. Moreover, debt consolidation will not be a problem if there’s no debt to begin with. Nonetheless, it still assuring to consider that there are still people who values their customers more than what their customers can bring to their corporate bank accounts.
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Well thought.
good job