Bills – Romans 13:8

“Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.” (Rom 13:8)

Sometimes the Scriptures are deliberately vague. We have to dig deep for the truth, and there are layers of understanding. Other times things are so obvious in black-and-white that we almost miss them.

Let no debts remain outstanding. If we look into the ancient text, reference the commentators of the time, seek out all the different interpretations of the Scripture, and assemble it all together, it makes no difference. The Word still says to let no debt remain outstanding.

If you have debts remaining, let them not remain outstanding.

Quick Prayer: Help me get me out of debt please, Lord. Amen.

Pay Back – Psalm 37:21

“The wicked borrow and do not repay, but the righteous give generously.” (Psa 37:21)

We are called to be in contrast to those around us. If it is considered good practice to borrow and not to repay, then we should give generously. Just because everyone is doing it doesn’t mean it is okay to do.

We serve a generous God—One Who gave everything to save us. The material things we have are all His. Everything we have, and everything we are, has come from the hand of a generous God. We are merely stewards of what has been entrusted to us. It is all God’s.

Quick Prayer: Teach me to be generous. Amen.

Forgiveness of Debts – Nehemiah 10:31

“When the neighboring peoples bring merchandise or grain to sell on the Sabbath, we will not buy from them on the Sabbath or on any holy day. Every seventh year we will forgo working the land and will cancel all debts.” (Neh 10:31)

We sometimes forget that our economy is not necessarily built on godly principles. While I truly believe that the democratic free-market capitalist system is as good as it gets, there are certain godly principles that are not inherent in the way we do commerce.

In the ancient world, there was a seven-year cycle of forgiving debts. What a wonderful demonstration of forgiveness and grace and mercy. What an acknowledgment that all belongs to God.

We have been forgiven much. Let’s not forget where we were when God found us. We who have received mercy should be merciful.

Quick Prayer: Help me to be merciful with those who owe me money. Amen.

Schmuck

“One who has no sense shakes hands in pledge and puts up security for a neighbor.” (Pro 17:18)

Someone, obviously of Jewish heritage, once said that a guarantor is just a schmuck with a pen. Perhaps this is a somewhat unkind designation, yet quite possibly the sentiment of this Jewish gentleman agrees with the Word of God.

Don’t put up security for a neighbor. If you have pledged for another, go now and unshackle yourself from potential disaster. Only you can meet the obligations you promise to another. You cannot guarantee the debts or behaviors of others.

God is quite clear; don’t be a schmuck.

Quick Prayer: Free me from pledges. Amen.

The debt trap.

“The rich rule over the poor, and the borrower is slave to the lender.” (Proverbs 22:7)

In a world driven by cheap credit, despite some changes over the “credit crisis”, there is a temptation to not understand the power position. If you borrow you are subject to the lender. Whilst we all need some leverage and borrowings to trade effectively don’t mistake that for anything else.

You borrow you will have to pay. Get that equation wrong and you will be in trouble.
Where possible we need to be the head and not the tail. Be careful of debt even when assocoated with an appreciating asset. Treat it as an undesirabe option and it could well free you from some significant trouble.

Quick Prayer. “Help me get out of any bad debt please Lord.” Amen