Bible Verses About Debt

Reading bible verses about debt helps us understand God’s perspective on it.  As Christians, God wants us to be financially free from debt so He can do more through us and with the resources He’s entrusted to our care.

We should remember that becoming debt free should be for God’s purposes.   Becoming debt free should never be about us.  Here are several Bible verses about debt to encourage you to be come debt free or avoid debt in the future.

Repaying Debt

Proverbs 3:27-28  - Do not withhold good from those who deserve it, when it is in your power to act.  Do not say to your neighbor, “Come back later; I’ll give it tomorrow”— when you now have it with you.

Bible Verses About DebtScripture tells us that we are to pay back debt when we borrow.  This makes a lot of sense.  I think we hear to many stories of people who try to flee from their debts or who quickly file bankruptcy to avoid paying what has been borrowed.

This is irresponsible.  If people choose to borrow they must be responsible enough to repay.  Sometimes this is difficult and a payment plan needs to be created, however, we should always work to repay debts even if it takes longer than expected.

Avoiding Debt

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

I’ve always felt like I was in bondage to debt when I had car loans, credit card debt, etc.  I knew my freedom was limited because I had to make the payments each month and couldn’t do anything else with the money.

I know it’s easy enough to want a new car, but when you sign the loan, you’re signing an agreement to pay that debt over several years.  The thought of owing someone that money each and every month for years is discomforting even if you have a nice new car to drive.  If a loan is necessary, we should make sure it’s reasonable and fits well within our budget.

Debt Presumes on the Future

James 4:13-14 – Now listen, you who say, today or tomorrow we will go to this or that city, spend a year there, carry on business and make money.  Why, you do not even know what will happen tomorrow. What is your life? You are a mist that appears for a little while and then vanishes.

The truth is that none of us know what the future will bring.  Back to the car debt example…what if you take out a car loan for 5 years and then you were to lose your job after 3 years.  You thought we could afford the car payments, but couldn’t foresee losing our jobs in 3 years.

The same holds true when using a credit card.  What if you were to use a credit card to charge some expensive electronics for your TV room?  You might think you can pay the card off in a few months, but what happens if you incur a major medical expense?  Did you see that expense coming?  Of course not!  Again, we can’t assume we can afford debt payments past today.

More Bible Verses About Debt

Here are some more Bible verses about debt and obeying God’s principles.

Romans 13:8  - Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.

1 Corinthians 7:23  – You were bought at a price; do not become slaves of men.

Deuteronomy 15:4-6  - However, there should be no poor among you, for in the land the LORD your God is giving you to possess as your inheritance, he will richly bless you, if only you fully obey the LORD your God and are careful to follow all these commands I am giving you today.  For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.

Deuteronomy 28:1,2,12  - If you fully obey the LORD your God and carefully follow all his commands I give you today, the LORD your God will set you high above all the nations on earth.

All these blessings will come upon you and accompany you if you obey the LORD your God:

The LORD will open the heavens, the storehouse of his bounty, to send rain on your land in season and to bless all the work of your hands. You will lend to many nations but will borrow from none

Deuteronomy 28:15,43-45  - However, if you do not obey the LORD your God and do not carefully follow all his commands and decrees I am giving you today, all these curses will come upon you and overtake you:

The alien who lives among you will rise above you higher and higher, but you will sink lower and lower. He will lend to you, but you will not lend to him. He will be the head, but you will be the tail.  All these curses will come upon you. They will pursue you and overtake you until you are destroyed, because you did not obey the LORD your God and observe the commands and decrees he gave you.

Bible Verses About Cosigning

Proverbs 22:26-27  – 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 17:18  – A man lacking in judgment strikes hands in pledge and puts up security for his neighbor.

Proverbs 6:1-5  - My son, if you have put up security for your neighbor, if you have struck hands in pledge for another, if you have been trapped by what you said, ensnared by the words of your mouth, then do this, my son, to free yourself, since you have fallen into your neighbor’s hands: Go and humble yourself; press your plea with your neighbor!  Allow no sleep to your eyes, no slumber to your eyelids. Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.

About Jason Price

Jason Price is a family man saved by grace, passionate about faithful financial stewardship (1 Cor 4:2 NIV), soccer and the Pacific sun.

  • Tony @ Investorz Blog

    I’ve probably read the bible more than 100 times since I was a kid, but never did I notice anything about debt. I’m so blind. Anyways, great post!

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