Sunday, March 1, 2009

Debt talking points

Debt is evil

  • Psalm 37:21a
    21  The wicked borrow and do not repay


Debt isn't normal

  • Isaiah 5:20
    20  Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter.


Debt is slavery

  • Proverbs 22:7
    7  The rich rule over the poor, and the borrower is servant to the lender.


Owe nothing

  • Romans 13:7-8
    7  Give everyone what you owe him: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor.
    8  Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.


Don't cosign

  • Proverbs 22:26-27
    26  Do not be a man who strikes hands in pledge or puts up security for debts;
    27  if you lack the means to pay, your very bed will be snatched from under you.

  • Proverbs 11:15
    15  He who puts up security for another will surely suffer, but whoever refuses to strike hands in pledge is safe.

  • Proverbs 17:18
    18  A man lacking in judgment strikes hands in pledge and puts up security for his neighbor.


Actions, actions, actions ... not words

  • Ecclesiastes 5:5-7
    5  It is better not to vow than to make a vow and not fulfill it.
    6  Do not let your mouth lead you into sin. And do not protest to the temple messenger, "My vow was a mistake." Why should God be angry at what you say and destroy the work of your hands?
    7  Much dreaming and many words are meaningless. Therefore stand in awe of God.


Don't make excuses,  be honest about the situation

  • Galatians 6:7
    7  Do not be deceived: God cannot be mocked. A man reaps what he sows.


Comments

  • Debt is evil.  You're a slave to the lender and are responsible for paying things back.  If you are spending money you don't have, you are following the non-righteous (evil) path.