Not only has America become a debtor nation, but most Americans are drowning in debt. Our day-to- day dependence on debt begs the question: “What does the Bible say about debt?”
First, the Bible warns that “the borrower is servant to the lender” (Proverbs 22:7). As such, we are warned against the folly of being excessively indebted to those who may be unforgiving in their demands for repayment. We ought to take seriously the wisdom of the proverb, “Do not be a man who strikes hands in pledge or puts up security for debts; if you lack the means to pay, your very bed will be snatched from under you” (Proverbs 22:26–27).
Furthermore, Scripture condemns the failure to repay our debts as wickedness. In the words of the psalmist, “the wicked borrow and do not repay, but the righteous give generously” (Psalm 37:21). Likewise, the apostle Paul urged believers to diligently repay their debts (Romans 13:8).
Finally, whether in the theocracy of ancient Israel or the democracy of modern America, God’s people are called to be good stewards of the resources He has entrusted to them. If we lend, we should do so with kindness, and if we borrow, we should do so with prudence.
Owe no one anything except to love one another, for he who loves another has fulfilled the law.
Romans 13:8 NKJV
For further study, see “Is the tithe for today?”
***Note the preceding text is adapted from The Complete Bible Answer Book: Collector’s Edition: Revised and Expanded (2024). To receive for your partnering gift please click here. ***