Biblical Answer

Debt: A Debt of Love

As Christians, we are called to render all due obedience to the civil authorities, which includes being responsible with our finances and managing our debt. Proverbs 22:7 reminds us that "the rich rule over the poor, and the borrower is slave to the lender." This verse highlights the importance of being financially responsible and not accumulating debt. However, we also recognize that unexpected situations can arise, and we may find ourselves in a situation where we are struggling to pay our debts.

Shielding Your Finances

In this situation, it's essential to take proactive steps to shield your finances and protect your home. One way to do this is to stick to a budget and prioritize your debt payments. This may involve consolidating your debts into a single, lower-interest loan or credit card, or negotiating with your creditors to temporarily reduce or suspend payments. It's also crucial to communicate openly and honestly with your creditors and to seek their help in finding a solution. As the Bible reminds us in Proverbs 22:26, "Do not be a man who strikes hands in pledge and puts up security for debts."

Seeking Help and Guidance

In times of financial stress, it's easy to feel overwhelmed and unsure of how to move forward. However, as Christians, we are not alone in our struggles. We can seek help and guidance from trusted friends, family members, or financial advisors who can offer wise counsel and support. We can also turn to the Bible for wisdom and guidance on managing our finances and debt. By seeking help and guidance, we can find a way out of debt without losing our home and maintain a debt of love to our creditors. As the Bible reminds us in Romans 13:8, "Let no debt remain outstanding, except the continuing debt to love one another." By prioritizing our love and commitment to one another, we can find a way forward that honors God and promotes financial responsibility.