Tag Archives: debt

Debt: A Biblical Perspective #5 – Finale


image

We are reminded of the liabilities debt brings upon us. One of burdens of borrowing and falling into debt is posting collateral. Today’s readings remind us that the dangers of putting down collateral does not just apply to us when we are in debt but it also warns of situations when we cosign for a family member, friend, or neighbor. Whether we are posting collateral as a security for ourselves or if we are cosigning, it is still a dangerous aspect of debt, and today’s reading reminds us that all situations will create a sense of slavery to debt. Making debt our master is not in the best interest of our spirit because God is our one true master and it is Him who we should follow and love.

Proverbs 20:16 NKJV – Take the garment of one who is surety for a stranger, And hold it as a pledge when  it is for a seductress.

Proverbs 11:15 NKJV – He who is surety for a stranger will suffer, But one who hates being surety is secure.

Proverbs 22:26-27 NKJV – Do not be one of those who shakes hands in a pledge, One of those who is surety for debts; If you have nothing with  which to pay, Why should he take away your bed from under you?

Proverbs 6:1 NKJV – My son, if you become surety for your friend, If you have shaken hands in pledge for a stranger,

Proverbs 6:3 NKJV – So do this, my son, and deliver yourself; For you have come into the hand of your friend: Go and humble yourself; Plead with your friend.

Posted from WordPress for Android. The advertising which may appear below is not placed by the author and is not to be considered as a part of this post or an expression of my views.

Debt: A Biblical Perspective #4


image

Not only does the Bible warn us of debt but it provides us of examples. These examples are meant to teach us about issues surrounding debt. Each example is unique and helps us see different aspects of indebtedness. Use this opportunity to reflect on these passage and explore how you would handle each situation these examples present.

Matthew 18:32-33 NKJV – Then his master, after he had called him, said to him, ‘You wicked servant! I forgave you all that debt because you begged me.  Should you not also have had compassion on your fellow servant, just as I had pity on you?’

Luke 7:42 NKJV – And when they had nothing with which to repay, he freely forgave them both. Tell Me, therefore, which of them will love him more?”

Colossians 2:13-14 NKJV – And you, being dead in your trespasses and the uncircumcision of your flesh, He has made alive together with Him, having forgiven you all trespasses, having wiped out the handwriting of requirements that was against us, which was contrary to us. And He has taken it out of the way, having nailed it to the cross.

Posted from WordPress for Android. The advertising which may appear below is not placed by the author and is not to be considered as a part of this post or an expression of my views.

Debt: A Biblical Exploration – Part 2 of 5


When we go into debt we are subject to the decision of those who we borrowed from. Whether be financial institutions or people who lent the money, we quickly find ourselves losing things we hold dearly due to our inability to manage our finances. Not only do we become slaves to our debt, but we find our selves also in a servitude to the wills and desires of our creditors. God teaches us to that he has blessed us and has given us everything we could possibly need to live a debt free life.

2 Kings 4:1 NKJV – A certain woman of the wives of the sons of the prophets cried out to Elisha, saying, “Your servant my husband is dead, and you know that your servant feared the Lord . And the creditor is coming to take my two sons to be his slaves.”

Nehemiah 5:3 NKJV – There were also some who said, “We have mortgaged our lands and vineyards and houses, that we might buy grain because of the famine.”

Psalm 109:11 NKJV – Let the creditor seize all that he has, And let strangers plunder his labor.

Isaiah 50:1 NKJV – Thus says the Lord : “Where is  the certificate of your mother’s divorce, Whom I have put away? Or which of My creditors is  it to whom I have sold you? For your iniquities you have sold yourselves, And for your transgressions your mother has been put away.

Deuteronomy 28:44 NKJV – He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail.

Deuteronomy 28:12 NKJV – The Lord will open to you His good treasure, the heavens, to give the rain to your land in its season, and to bless all the work of your hand. You shall lend to many nations, but you shall not borrow.

Posted from WordPress for Android. The advertising which may appear below is not placed by the author and is not to be considered as a part of this post or an expression of my views.

A Merchant in Antwerp…by Billy Graham


GALATIONS 1:4 NIV – who gave himself for our sins to rescue us from the present evil age, according to the will of our God and Father,

The Unpayable Debt

Years ago King Charles V was loaned a large sum of money by a merchant in Antwerp. The note came due, but the king was bankrupt and unable to pay. The merchant gave a great banquet for the King. When all the guests were seated and before the food was brought in, the merchant had a large platter placed on the table and a fire lighted on it. Then, taking the note out of his pocket, he held it in the flames until it was burned to ashes. The king threw his arms around his benefactor and wept. Just so, we have been mortgaged to God. The debt was due, but we were unable to pay. Two thousand years ago God invited the world to the Gospel feast, and in the agonies of the cross, God held your sins and mine until every last vestige of our guilt was consumed.

Daily Prayer

In gratitude I kneel before You, Lord Jesus Christ.

Faith of Elisha V. [The “Oil” Incident]


2KINGS 4:1-7 NKJV

A certain woman of the wives of the sons of the prophets cried out to Elisha, saying, “Your servant my husband is dead, and you know that your servant feared the Lord . And the creditor is coming to take my two sons to be his slaves.” So Elisha said to her, “What shall I do for you? Tell me, what do you have in the house?” And she said, “Your maidservant has nothing in the house but a jar of oil.” Then he said, “Go, borrow vessels from everywhere, from all your neighbors—empty vessels; do not gather just a few. And when you have come in, you shall shut the door behind you and your sons; then pour it into all those vessels, and set aside the full ones.” So she went from him and shut the door behind her and her sons, who brought the  vessels to her; and she poured it out. Now it came to pass, when the vessels were full, that she said to her son, “Bring me another vessel.” And he said to her, “ There  is not another vessel.” So the oil ceased. Then she came and told the man of God. And he said, “Go, sell the oil and pay your debt; and you and your sons live on the rest.”

Do you feel overwhelmed with too many responsibilities and challenges facing you at every turn? Do you feel like you’ve run out of options and you’re doing life on empty? That is likely what the wife of the prophet that died in 2 Kings 4:1-7 felt. With her husband’s death, she was in desperate financial trouble and was in fear of losing everything she had–including her boys–to creditors. She asked Elisha for help. When he asked her what she had to work with she told him that she had nothing at all to work with except a small jar of oil. Maybe you can relate to the widow in that when you don’t think you have enough, you feel desperation and focus solely on your limitations. God sees your problem much differently from the way you do.

All throughout scripture we see examples of how God specializes in doing a lot with a little and this story is another prime example. The world may see this as illogical or ridiculous, but God doesn’t. God took one jar of oil and multiplied it so the widow could pay her debts. During those times when you feel overwhelmed and you’ve run out of options, remember that what you have is all God needs. God has given you everything you need. Where in life do you feel overwhelmed and feel like you have nothing left? What are some of the things you do have that could help you in changing your focus?