thank you for clicking on this video I
hope to give you what it is you’re looking for in the first part I’m gonna
walk through all the scripture that I found to be relevant to debt and
borrowing and then I’ll give the conclusion and a summary at the end but
check the first comment if you want to skip to a different part of the video so without further ado let’s jump into
the word proverbs 22:7 the rich rules over the poor and the borrower is the
slave of the lender so borrowing is not prohibited but borrowing does carry a
negative connotation because you give up your freedom when you do so
Romans 13 7 through 8 pay to all what is owed to them taxes to whom taxes are
owed revenue to whom revenue is owed respect to whom respect is owed honor to
whom honor is owed oh no one anything except to love each other for the one
who loves another has fulfilled the law so many people will pull this verse out
of context and say that if you go into debt at all you’re sinning and they’ll
say that debt is explicitly prohibited the issue with that is you need to look
at the context of the verse the three lines prior are saying to pay back
everything that you owe so what this verse is really getting at is the
importance of paying back the debts that you owe not not having them in the first
place Leviticus 25 before you get all crazy saying that we’re not under the
Old Testament law I agree with you in Christ Jesus he fulfilled the law so we
are free from that but that does not mean that there’s not wise counsel in
the Old Testament so if your brother becomes poor and cannot maintain himself
with you you shall support him as though he were a stranger and a sojourner and
he shall live with you take no interest from him or profit but fear your God
that your brother may live beside you you shall not lend him your money at
interest nor give him your food for profit so lending and borrowing was a
practice for the Israelites the importance of it was not taking
advantage of the poor Psalms 37 the wicked borrows but does not pay back but
the righteous is gen and gives so borrowing not prohibited
but it’s very important to pay your debts back and frequently in the word
you’ll see that the Lord encourages us to be in a position to give rather than
to have to borrow James for yet you do not know what tomorrow will bring
what is your life for you are a miss that appears for a little time and then
vanishes you don’t know what tomorrow brings you don’t know that you’ll be
able to pay your debts back no matter what your circumstances are now proverbs
20 to 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
if you don’t have money right now why risk having the creditors come back and
take stuff that you do own deuteronomy 28 the Lord will open to you his good
treasury the heavens to give the rain to your land in its season and to bless all
the work of your hands and you shall lend to many nations but you shall not
borrow so if Israel is commanded or encouraged to lend then someone is on
the other end borrowing once again this isn’t for
profit but borrowing and debt is not explicitly prohibited Luke 634 and if
you lend to those from whom you expect to receive what credit is that to you
even sinners lend to sinners to get back the same amount but love your enemies
and do good and lend expecting nothing in return and your reward will be great
and you’ll be sons of the Most High for he is kind to be ungrateful and the evil
mark 4:19 but the cares of the world and the deceitfulness of riches and the
desires for other things enter in and choke the word and it proves unfruitful
first Timothy 6 but godliness with contentment is great gain for we brought
nothing into the world and we cannot take anything out of the world Hebrews
13:5 keep your life free from love of money
and be content with what you have for he has said I will never leave you nor
forsake you so in summary debt is not a sin in and
of itself and borrowing is not explicitly prohibited however it is
warned against numerous times and in some passages it definitely carries a
negative connotation the Lord would prefer that we are in a position to give
and lend and be generous as opposed to having to borrow from others so having
said that I know that everyone’s circumstances are very different and
there’s different types of debts so there’s mortgages and medical bills and
then credit cards is of course a huge one with regards to the credit cards I
remember hearing the saying that when you go into credit card debt it’s like
telling the Lord that you don’t think his current provision for your life is
enough and that really stuck with me I forget where I heard it but the point of
all this is don’t condemn yourself and don’t let others condemn you if you’re
in debt now however do everything in your power to pay back the debts that
you owe and for all decisions of future debt and future borrowing pray about it
ask the Holy Spirit for wisdom try to use discernment be patient give yourself
a couple of days or a couple of weeks before deciding sometimes that impulse
for whatever it is you want to buy or whatever borrowing you might enter into
that impulse may pass ask the Lord what is right for you and your circumstances
and as always the Holy Spirit will give you wisdom when you truly seek it thanks
for watching this video I hope that you learned something and be sure to
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the comments if you have questions or any requests for future videos with
regards to Scripture Christianity anything to do with faith I’d be happy
to dialogue and go back and forth I’m really here for fellowship with other
believers so god bless you all and I’ll you in the next video