I’ve stated in my about page that I’m debt free – except for the house.
Yet, in many ways, that means I’ve swallowed the pill. I’ve taken the bait. When does the Bible exclude a loan as debt? Do I make a distinction because of something I read in the Bible or something I heard on the radio?
Debt Free Friday
Every Friday, Dave Ramsey allows his listeners to call in and yell, “I’m debt free”. The caller yells like they are free. The caller shares the relief they feel and they share in a few jovial laughs with Ramsey.
The problem? 99% of the time they are still in debt. If any loan means the borrower is slave to the lender then they are still in slavery (Prov 22:7).
Does the Bible at any point differentiate between different types of debts? I.e. Good debts and bad debts? I don’t think so.
Is the statement “the borrower is slave to the lender” inclusive of all debts? It sounds like a pretty blanket statement to me.
So, how could anyone read their Bible, conclude the borrower is slave to the lender, and then turn around and get a house loan?
I know many people who say that the borrower is slave to the lender and apply that passage to credit cards, but not to a house loan. That reflects a cultural or mathematical value, not a Biblical one.
So the question remains: is our passion against debt culturally motivated or biblically motivated? Have we as a culture decided that the Bible speaks to certain loans, but not to other loans?
Do all debts enslave?
Am I In Slavery? My Emotions and My Feelings
While I claim to be debt free – by an arbitrary standard that someone made up and we all excepted – I actually have a debt.
However, I would not in any sense say that I am a slave to that lender.
How am I a slave? What can the lender do to me and my family? What rights can they remove?
While it is true that I have obligations to those who lent me money, I think it would be excessive to say that I am a slave to those lenders.
God still controls every element of my life.
I don’t feel like I’m in slavery – am I?