Does the Bible say not to have a home mortgage, car loan, credit cards, buy on credit?

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Romans 13:8 – Owe nothing to anyone except to love one another; for he who loves his neighbor has fulfilled the law. http://www.biblegateway.com/passage/?search=romans%2013&version=NASB

12 Comments
  1. Reply
    Jade
    February 15, 2011 at 2:37 am

    I don’t take the bible literally….

  2. Reply
    Muldah
    February 15, 2011 at 3:12 am

    Maybe the NLT explains it better

    Rom 13:7 Give to everyone what you owe them: Pay your taxes and import duties, and give respect and honor to all to whom it is due.

    Rom 13:8 Pay all your debts, except the debt of love for others. You can never finish paying that! If you love your neighbor, you will fulfill all the requirements of God’s law.

  3. Reply
    Heaven Help Me!
    February 15, 2011 at 3:29 am

    i don’t know but great question.

  4. Reply
    gertystorrud
    February 15, 2011 at 4:28 am

    “We” that are His, should really not be ‘slaves to the lenders’ out there though. Yep. 😉

  5. Reply
    Lucille
    February 15, 2011 at 5:15 am

    That means that you should repay your debts. It doesn’t mean that you shouldn’t get any debts. As long as you can and do repay them, it’s fine.

  6. Reply
    Chris S
    February 15, 2011 at 6:09 am

    Yeah, a different world and system back then. Good principle that many of us should have considered when financial credit became so appealing from the 1980’s on. I think we would have benefited by adhering to this principle said to the Romans vs. buying into media hype and living higher for the moment than we really are.

    Most people have benefited from the credit thing in this system yet I wonder how many have really done a lot worse because of it. How did credit influence prices and jobs? Probably positive and negative. Many people paid $ 3,000 for the $ 1,200 big screen TV.

    The credit issue in America has really taken a lot of people’s money to have something now rather than save for it. I suspect it’s caused more problems for let’s say 1/2 the nation than it helped. Many got very rich off our unwillingness to wait and sacrifice.

  7. Reply
    WitnessofJesus
    February 15, 2011 at 6:59 am

    i dont know anywhere where the bible condemns car loans or credit cards or home mortages!
    however i do know jesus both defends Investing and condemned “unrighteous mammon”

    however, in todays world, I condemn Insurance companies Laws that are mandatory. it is a violation of freedom of choice and becomes government that forces monopolies and i do know the bible condemns Oppression of wages, and mandatory insurance does Oppress wage earners.

  8. Reply
    Jesus loves you
    February 15, 2011 at 7:29 am

    The borrower is the slave of the lender(proverbs 27:7-The rich rules over the poor, and the borrower is the slave of the lender.. Since that’s true, God’s word says it’s true. There’s a way that you get in debt to a credit card company or bank you become a slave to it. It doesn’t mean that you can’t invest money by bying a house. The NT talks about 3 people who an amount of talents and the one who didn’t use his/her talents is pictured as foolish in the bible.

  9. Reply
    Sandra S.
    February 15, 2011 at 7:29 am

    The Bible gives us practical principles concerning borrowing, not laws. Principles are instructions fr to help guide our decisions. A law is absolute. Negative consequences usually follow if ignoring
    a principle, but punishment is the likely consequence of ignoring a law God has given us.
    The principle of borrowing given in Scripture is that it is better not to assume surety on
    a loan. “A man lacking in sense pledges and becomes guarantor in the presence of his neighbor”
    (Proverbs 17:18). Again, surety means that you have taken on an obligation to pay without a
    specific way to pay it.
    The law of borrowing given in Scripture is that it is a sin to borrow and not repay. “The
    wicked borrows and does not pay back, but the righteous is gracious and gives” (Psalm 37:21). The
    assumption in the verse is that the wicked person can repay but will not, as opposed to an
    individual who wants to repay but cannot.

    Some have taught that (the scripture you provided) Romans 13:8 is a scriptural injunction (law) against all forms of borrowing, “Owe nothing to anyone except to love one another; for he who loves his neighbor has fulfilled the law.” However, I believe that, taken in context, the apostle Paul is not giving a new teaching on the subject of borrowing. Rather, he is summing up the prescribed duty for all of us: to pay our taxes and to respect government officials.

    To put it simply, although the Bible does not prohibit borrowing, it certainly does not
    recommend it.

    🙂

  10. Reply
    Truth Matters
    February 15, 2011 at 7:51 am

    The Bible says to owe no man but when you take a loan out you are agreeing to pay monthly on what you have been given.

    To owe someone with no intentions of paying them back is wrong.

  11. Reply
    Foster DAD
    February 15, 2011 at 8:06 am

    Not specfically,but use the principal wisely ; He knows it is almost allways the only way for most to have a place to live.We must be more careful than most today are to not get into debt where it is difficult or nearly impossibly to pay off.Some are forced into bankruptcy for no fault of their own,like unexpected huge medical bills;others hit it because they got greedy & charged way beyond their repayment means.If it a person’s fault for lusting after things they do not need & no money to pay then they need to pay it off & charge no more.rrore.Borrowing from people you know & not paying back can cause problems.There is that warning as you loose friends & brothers.

  12. Reply
    Juice002
    February 15, 2011 at 8:08 am

    Romans 3 was the very scripture I was gonna throw atch.

    And it says you will reap what you sow…….you sow all that dept, then you pay or suffer the hardship it brings….

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