Enslaved by Debt

Proverbs 22:7  

“The rich rule over the poor, and the borrower is servant to the lender.”

Personal debt has skyrocketed in our Western culture. Easy credit, a desire for material goods, and an unwillingness to save and wait have led many people down the path of financial bondage. The Bible doesn’t forbid borrowing, but it clearly warns us of its negative consequences. Our verse today describes the borrower as the lender’s slave.

Every dollar you borrow costs you a measure of freedom. Your paycheck is no longer entirely yours; a part of it must be set aside to repay your creditor. As the interest adds up, the financial burden may necessitate longer working hours. For Christians, the obligation to repay debt oftentimes hinders the ability to give to The Lord’s work or help people in need. Instead of getting the first part, God gets leftovers or nothing at all.

The consequences of accumulating debt reach beyond monetary issues. The burden of mounting bills creates emotional and relational stress. In fact, financial problems are one of the leading causes of divorce. Even our relationship with the Lord is affected when we let our appetite for the world’s goods override our obedience to biblical principles. Although God promises to supply our needs, how often do we jump ahead of Him and provide for ourselves with “easy payment plans.”

The next time you are tempted to charge a purchase that you really can’t afford, stop! Go home and ask the Lord if He wants you to have it. If He does, ask Him to provide it. Then wait. True freedom comes to those who rely on the Lord’s promises instead of their credit cards.

Dealing with Debt

Read:  Romans 13:1-8

Every citizen has the responsibility to submit to governmental authority. Obeying the laws of the land which do not contradict scriptural commands is an essential part of honoring the Lord. Verse 7 of today’s passage says, “Render to all what is due them.” Just as we are obligated to pay our taxes, we’re also to repay all of our debts (v. 8).

The Lord expects anyone who borrows money to be diligent about making regular repayments. By withholding what is rightfully due, we are guilty of stealing from the lender. Not only that, but we also ruin our testimony for Christ. Since the offense of defaulting on a loan is serious, we need to be diligent about getting ourselves out of debt and staying out.

Perhaps this is hitting close to home. As daunting as the task of debt reduction may seem, you are not alone. God wants you to be financially free, and He will show you the way. However, His method is usually not a fast fix, but a slow and steady approach, which will also effectively train you to avoid future debt. Confess that you haven’t been a good steward of your resources, commit to making some sacrificial changes, and consistently work toward your goal. Then watch the Lord faithfully lead you out of debt.

Does a mountain of debt seem bigger to you than almighty God? If so, your focus is on your own inabilities instead of His faithfulness. For those who turn to the Lord in genuine repentance and surrender, He’ll supply the needed resources as well as the persistence to repay what is owed.