Biblical Answer

Dealing with Debt: A Biblical Perspective

When faced with debt, it's essential to understand that we are accountable for our financial decisions. The Bible teaches that we should live responsibly and not accumulate debt unnecessarily (Proverbs 22:7). However, if we have incurred debt, it's crucial to take responsibility for it and seek help. In the case of serious wrongs, such as financial debt, repayment may be impossible, but we must still assume responsibility for the debt (Psalm 37:21).

Seeking Help and Forgiveness

In the face of debt, it's tempting to seek forgiveness from others or from God, hoping to cancel the debt. While God's forgiveness is available through Jesus Christ, it's not a guarantee that our financial debt will be wiped out. Instead, we should focus on seeking help from trusted friends, family, or professionals, such as financial advisors or credit counselors. We can also seek guidance from our pastor or local church, which may offer resources and support for those struggling with debt.

Practical Steps to Take

In dealing with debt, it's essential to take practical steps to manage our finances. This may involve creating a budget, cutting expenses, and seeking temporary financial assistance, such as a payday loan or credit counseling. We should also be mindful of our spending habits and avoid accumulating more debt. In some cases, bankruptcy may be a viable option, but this should be considered as a last resort. Ultimately, our goal should be to live responsibly and honor God with our finances, rather than relying on others to bail us out. By taking responsibility for our debt and seeking help when needed, we can work towards financial stability and freedom.