Romans 13:6-8 The Passion Translation

6 This is also the reason you pay your taxes, for governmental authorities are God’s officials who oversee these things. 7 So it is your duty to pay all the taxes and fees that they require and to respect those who are worthy of respect, honoring them accordingly. 8 Don’t owe anything to anyone, except your outstanding debt to continually love one another, for the one who learns to love has fulfilled every requirement of the law.

BIBLICAL PERSPECTIVE ON DEBT:

God’s View on Debt

Deuteronomy 28:12; 15:1-3

Debt puts someone in the position of slavery

Proverbs 22:7

WHY DO PEOPLE END UP IN DEBT? 

It is caused by unavoidable circumstances.

It is caused by a wrong belief system.

Proverbs 11:28; Job 31:24-28; Matthew 6:19-21

It is caused by the lack of satisfaction of what we already possessed. 

HOW TO RISE ABOUT THE BONDAGE OF DEBT

Find your Satisfaction in God and no on your Possessions.

Ecclesiastes 3:12-13

Make a Serious Commitment to be debt free.

Romans 13:8

Set your plans and timeline to pay off your debt.

Put God 1st on your budget list.

Matthew 6:33

Live a simple lifestyle according to your means (earnings)

Hebrews 13:5

CONCLUSION

“The decision you go into debt alters the course condition of your life. You no longer own it. You are owned.” - Dave Ramsey  

Romans 13:8

Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.