The Bible gives quite a few insights into debt. It doesn’t specifically forbid borrowing, but it does present it as something to be wary of. Proverbs 22:7 states, “The rich rule over the poor, and the borrower is slave to the lender,” emphasizing the enslavement that debt can bring. The Bible encourages believers to live within their means, avoid unnecessary debt, and place their trust in God for provision. It underscores the importance of repaying what is owed and warns against the pitfalls of surety – being responsible for someone else’s debt.
Discover the diverse range of insights the Bible offers on borrowing, lending, and God’s view on owing money. It’s a revealing journey that might change how you think about your financial decisions.
What Does the Bible Say About Debt?
The Bible offers various perspectives on debt, subtly conveying the implications it has on one’s life. While it doesn’t outright prohibit borrowing, it cautions against the enslavement that can arise from owing money.
In the Old and New Testament, debt is depicted as a burden. It emphasizes the principles of living within one’s means and relying on God’s provision, resonating with the essence of Jesus’ teachings on trusting God for our needs. Jesus advocated for a life free of worry about material needs, placing emphasis on seeking God’s kingdom first, with the assurance that all necessary things would be provided (Matthew 6:33).
Moreover, the Bible underscores the moral obligation to repay what is owed. Psalms 37:21 says, “The wicked borrow and do not repay, but the righteous give generously,” marking a clear distinction between the righteous and the wicked based on their attitudes toward debt. The importance of repaying debt is not merely a financial principle; it’s a reflection of one’s character and integrity.
Another intriguing aspect of the Bible’s take on debt is its warnings against surety. Surety, or becoming responsible for another person’s debt, is depicted as risky and is advised against in Proverbs 11:15, which states, “Whoever puts up security for a stranger will surely suffer harm, but he who hates striking hands in pledge is secure.”
Furthermore, the Bible elucidates that accumulating debt is not a sin per se, but it’s essential to ponder whether it aligns with God’s view on responsible stewardship. Every believer is encouraged to seek wisdom and discernment from God in making financial decisions, ensuring that it doesn’t interfere with their relationship with God and their ability to serve Him.
Bible Verses About Debt
The Bible doesn’t shy away from discussing the nuances of debt, providing several verses that illuminate God’s view on owing money and the moral and spiritual implications it carries.
- Proverbs 22:7 states, “The rich rule over the poor, and the borrower is slave to the lender.” This verse highlights the inherent enslavement associated with borrowing, reminding us of the power imbalance between the lender and the borrower.
- Psalms 37:21 conveys a profound message, “The wicked borrow and do not repay, but the righteous give generously.” Here, repaying debt is correlated with righteousness and moral integrity.
- Proverbs 11:15 warns, “Whoever puts up security for a stranger will surely suffer harm, but he who hates striking hands in pledge is secure.” This verse stresses the risks involved in becoming responsible for someone else’s debt, advising caution and wisdom in such matters.
- Romans 13:8 of the New Testament tells us, “Let no debt remain outstanding, except the continuing debt to love one another…” Emphasizing the significance of love over monetary obligations, this verse guides us to prioritize our moral responsibilities.
- Matthew 6:33 sees Jesus advising, “But seek first his kingdom and his righteousness, and all these things will be given to you as well.” Here, the essence of relying on God’s provision is evident, encouraging believers to trust in God’s ability to fulfill our needs.
- Proverbs 17:18 illuminates the consequences of surety again with, “One who has no sense shakes hands in pledge and puts up security for a neighbor.” This verse amplifies the importance of discernment in financial dealings.
- Luke 14:28 says, “For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it?” This verse encapsulates the essence of responsible financial planning and the importance of assessing one’s ability before entering into a commitment.
- Deuteronomy 15:6 assures, “For the Lord your God will bless you as he has promised, and you will lend to many nations but will borrow from none.” This verse is a reflection of God’s promise of provision and blessing, depicting a life free from the bondage of debt for those who follow His ways.
The next verses further delve into the significance of fulfilling commitments and how debt can influence one’s spiritual and moral journey, portraying the multi-faceted approach of the Bible towards debt and financial obligations