Debt and Finance

Articles | 5 Aug 2024

Debt and Finance


Everyone hates to be in debt, they want to buy with cash. But in reality, almost everyone has been in debt. Debt can indeed be a solution to financial problems. If we are short and need something quickly, debt is the solution. But debt can also be a problem, especially for someone who can't pay on time or even at all. A person can get stressed out by being charged off, especially if the goods that are collateral for the debt are in danger of being repossessed.


The problem of debt and credit stems from the human condition that has a variety of needs, from primary to tertiary. In the past, after Adam and Eve were expelled from the garden of Eden, they had to "work" to fulfill their needs. As time went by, humans found other ways that were more efficient, namely by seizing other people's property or getting into debt. The act of seizing other people's property is commonly found in war situations. The winning party in a war usually seizes territory as well as all the property owned by the losing party. Meanwhile, going into debt seems to be an eternal problem. The Bible also provides many records of debt problems experienced by people in the past. Debt has had a devastating and prolonged impact. Initially, debt was done as a form of help for people in need (see Deuteronomy 15:7), but there are also people who use debt as a production mechanism (2 Kings 4:1)


What solutions does the Bible offer to help the poor who are trapped in debt? Is there a specific law in the Bible, which addresses the issue of debt?"

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