This is the question I most often ask myslef when I don’t know what to do. This is also what I want to know from my friends when I turn to them for advice.
This post is response to Ragtagbeliever’s Post Christian loans. She asked for advice regarding loans. I didn’t want her to think that I was simply giving my own opinion, but wanted her to see what God thought she ought to do.
I speak from experience having recieved the revalation that debt is not pleasing to God. It takes hold of our money and our lives. It causes us to not be able to give to God’s Kingdom the way we ought. Through debt we allow the lender to take possesion of not only our future earnings but our future time. Once we owe someone something we must work to repay and we will always end up paying more than we borrowed.
I pray that God will make a way and that he will reveal to you areas in which you can better steward your money. These are some of the questions that I ask myself when ends are not meeting. I am I being faithful in my tithes and offerings…in other words am I robbing God? (Malichi 3:8-11) Could I be spending less on groceries? Could I give up cable for a few months? Could I negotiate a lower car insurance payment? These are all things that I have personally done. I am not debt free but have committed myself to paying off my debts as soon as possible. It has taken alot of sacrafice on my part and I have 9 more car payments and after that I will begin adding half of my old car payment to my mortgage payment.
This is what God has to say:
The rich ruleth over the poor, and the borrower is servant to the lender.
“If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest.
Do not take interest of any kind from him, but fear your God, so that your countryman may continue to live among you. You must not lend him money at interest or sell him food at a profit.
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.
If there is a poor man among your brothers in any of the towns of the land that the LORD your God is giving you, do not be hardhearted or tightfisted toward your poor brother. Rather be openhanded and freely lend him whatever he needs. Be careful not to harbor this wicked thought: “The seventh year, the year for canceling debts, is near,” so that you do not show ill will toward your needy brother and give him nothing. He may then appeal to the LORD against you, and you will be found guilty of sin.
He will lend to you, but you will not lend to him. He will be the head, but you will be the tail.
I and my brothers and my men are also lending the people money and grain. But let the exacting of usury stop!