Debt: Powerful Facts Every Debtor Should Know

Debt: Powerful Facts Every Debtor Should Know



As I established in my previous post as we considered the bad effects of debt. You can check the article out HERE.

Those who have borrowed from someone need to know basic facts that will make them free. And also make them pay up whatever they are owning anybody.

If you peruse this article with patience you will learn these truths;

What you need to do when you are in debt.

• The kind of attitude you should have towards your creditor.

• How to be free from debt.


• If you die as a debtor, you have created a problem for your family, especially your children:

2 Kings 4:1
[1]Now there cried a certain woman of the wives of the sons of the prophets unto Elisha, saying, Thy servant my husband is dead; and thou knowest that thy servant did fear the LORD: and the creditor is come to take unto him my two sons to be bondmen.

The prophet who was the husband of that woman that cried out to Elisha had died as a debtor.

Maybe, he used his children as a collateral. So, his creditor wanted to take his two sons to be bondmen.

For the Hebrews, if they were taken they would be freed after spending seven years as bondmen in that creditor’s house.


Deuteronomy 15:12
[12]And if thy brother, an Hebrew man, or an Hebrew woman, be sold unto thee, and serve thee six years; then in the seventh year thou shalt let him go free from thee.

That was why the woman cried out to Elisha. Glory be to God that she was greatly helped.

Now, my point is this; the death of that prophet(being a debtor) brought trouble upon his family.

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The woman was then left to run helter-skelter in order to avoid losing his two sons.

More so, if you die as a debtor, you’ll leave trouble behind for your family. Who knows when he/she is going to die?

Your duty

Therefore, our responsibility is to live a life that is void of debt of any kind. Do not put your struggling family into trouble. Avoid debt.

Also, Some children inherited the curse of borrowing from their parent.

There is something called “evil pattern.”

For instance, once, the progenitor of a specific family died as a debtor. Maybe, the people in the next family line also could died as debtors.

Unbelievably, the story has a way of repeating itself if care is not taken.

When we talk of debt as an issue. It also has root.

Let’s be careful of the foundational we are laying for the next generation.

The Bible says whoever leaves inheritance behind for his children’s children is a good person(Prov 13:22).

God did not say whoever leaves debt behind for his children’s children is a good person.

So, the opposite of that scriptural verse will be; “whoever leaves debt behind for his children’s children is a bad person.”

The Bible also says houses and wealth are inherited from parents(Prov 19:14).

So, it is never a bad idea if you leave property behind for your children. But it is a bad thing if you leave debt behind for your children.

I have not come across a particular verse in the Bible where God commended borrowers. Maybe, you have seen the verse. Please, let me know.

The crux of the matter is, try as much as possible to pay up your debt and try not to run into another one. Don’t die as a debtor.

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• You are a wicked person if you refuse to pay up the debt you owned:

Have you vowed that you will never pay back the money you owned? Have you threatened your creditor that once he asks you for his money, you will deal with him?

Now, God’s Word is coming to you now that you are a wicked person if you have refused to pay back what you owned.

Psalms 37:21
[21]THE WICKED BORROWETH, AND PAYETH NOT AGAIN: but the righteous sheweth mercy, and giveth.

Can I tell you this, it is an act of wickedness to borrow and not pay back.

God sees you as a very mean, wicked and heartless person if you refuse to pay back whatever you owned.

Frankly, it is not only those who use human being for rituals that are wicked. Debtors who never paid up their debt, are also wicked.

Whoever refuses to pay back what he owns is a wicked person. You need to know this.

So, what’s the reward of wickedness? Untimely death (Psalm 55:23). You do not need to cut short your life. Pay up your debt.

Never you think you have cheated someone when you failed to pay back what you owned him/her.

You are the one who have cheated yourself. Because you have practically reduced the number of days you are going to spend on earth.

Failure to bring to pass your promise, will reduce your days on earth. You do not need to be wicked.

God does not take delight in anyone’s death. He wants everyone to repent and come to Him. Repent now and pay up that debt.


• Do not be rude to your creditor:

Matthew 18:24-27
[24]And when he had begun to reckon, one was brought unto him, which owed him ten thousand talents.
[25]But forasmuch as he had not to pay, his lord commanded him to be sold, and his wife, and children, and all that he had, and payment to be made.
[26]The servant therefore fell down, and worshipped him, saying, Lord, have patience with me, and I will pay thee all.
[27]Then the lord of that servant was moved with compassion, and loosed him, and forgave him the debt.

Although, this is a parable as we cannot build doctrine on it.

But, there are a lot of lessons we can glean from this passage. One of the lessons is; do not be rude to your creditor.

It was clear that the servant owned him ten thousand talents.

But due to the kind words the servant uttered and how he submitted himself in humility unto his creditor.

The creditor had mercy upon him and forgave him of his debt.

However, there are some debtors that are so arrogant.

They will approach their creditor with pride, talk to him or her anyhow and even threaten them. This is absolutely a wrong attitude.

This is what you should do

The creditor you address wrongly today may not want to help you tomorrow.

Just exercise self-control even whenever you are angry.

Your creditor may ask you for his money at the time you don’t like. But, don’t bash him or insult him. Address him respectfully.

If you need to appeal to him, please do. To be rude, is to be lawless.

Rudeness is not the way out. The truth here is that; do not be rude to your creditor.

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•Pray to God to help you pay up your debt:

2 Kings 4:1
[1]Now there CRIED a certain woman of the wives of the sons of the prophets unto Elisha, saying, Thy servant my husband is dead; and thou knowest that thy servant did fear the LORD: and the creditor is come to take unto him my two sons to be bondmen.

That woman cried out to Elisha. In the Old Testament, then, prophets, priests and some kings would speak to God on behalf of people.

That was why she did that. The people did not really have free access to God the way we have it today. But that was in the old testament.

For every New Testament believer, we can freely approach God.

We can freely come boldly unto the throne of grace, that we may obtain mercy, and find grace to help in time of need (Heb 4:16).

You may not need to go and meet any Prophet to pray for you as you also carry the presence of God.

Just call upon Him to help you pay up your debt.

He will help you despite the fact that you have borrowed without His consent.

God clothed Adam and Eve

When Adam and Eve sinned, he covered their nakedness(Gen 3:21).

He can also rescue you from being put to shame.

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Go before the Lord in prayers. He has the power to help you.

People may disappoint you, but God will never do so. He is committed to meeting people’s need.

He is waiting for you to ask Him for help.

I give this assurance, no matter how big that debt is, He will help you to pay it up. If you involve Him.

Thanks for reading this article. God bless you!

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Written by
Tunde Korede
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