Ann P. Dallas Texas:
Question:
Is it wrong for a Christian to go into debt?
Bible Answer:
The Apostle Paul told us..
Romans 12:17 "Provide things honest in the sight of all men."
Christian people are to be held to a higher standard, that of absolute honesty, in our personal and business life.
Again Paul tells us ...
Romans 13:8 "Owe no man anything, but to love one another: for he that loveth another hath fulfilled the law."
Is it possible to "owe no man anything," in our world?
Probably not. We need loans...for such things as cars and homes, and some times unexpected medical bills etc.,
But the concept is...to be faithful and prompt to pay our bills and not to be extravagant in our purchases.
Again, the idea the Apostle is expressing here is that we should "live within our means."
The Apostle Paul,
Philippians 4:5 "Let your moderation be known unto all men. The Lord is at hand."