Purpose to Keep Out of Debt


Romans 13:8

Consequences of Borrowing

  1. It violates scripture (Romans 13:8)
  2. It constitutes a judgement of God (Deut. 28:15,44)
  3. It produces bondage to creditors (Prov. 22:7; II Tim. 2:4)
  4. It presumes upon the future (James 4:13-14; Prov. 27:1)
  5. It gives the illusion of independence (Lam. 3:37; James 4:14-17)
  6. It evades self-examination (II Kings 4:1-7)
  7. It interferes with God's provision (II Chr. 16:9)
  8. It removes barriers to harmful items (James 4:3; I Tim. 6:9)
  9. It demostrates discontent with basics (I Tim. 6:8,10)
  10. It devours resources through high interest payments (Luke 16:10-11)
  11. It stifles resourcefulness (Matt. 13:44-46)
  12. It promotes impulse buying (Prov. 19:2)
  13. It damages God's reputation (Phil. 4:19)
  14. It weakens personal faith (Heb. 11:6)
  15. It excludes help from others (II Cor. 8:14-15)
  16. It causes overspending (Eccl. 5:10)