Debt [Heb. נשיכי with the
added second person pronoun added to נשי = nešî, “pay your debt” 2 Kings 4:7; מַשָּׁאוֹת = mašāôṭ (Proverbs 22:26); נֹשֶׁא = nošê
“One that is in debt” (1 Samuel 22:2). δάνειον “loan” in Matthew 18:27; ὀφειλὴ “a
due” as in Matthew 18:24-34; Romans 13:7; ὀφειλήματα “something owed” as in
Matthew 6:12 and Romans 4:4.]
Lending to the needy
required In Deuteronomy 15:7 the
Lord counseled believers: “If there be among you a needy man, one of your
brethren, within any of your gates, in thy land . . . For you shall surely open
your hand unto him, and shall surely lend him sufficient for his need in that
which he is in need” = . כִּי-יִהְיֶה
בְךָ אֶבְיוֹן מֵאַחַד אַחֶיךָ בְּאַחַד שְׁעָרֶיךָ בְּאַרְצְךָ כִּי-פָתֹחַ תִּפְתַּח אֶת-יָדְךָ לוֹ; וְהַעֲבֵט תַּעֲבִיטֶנּוּ, דֵּי
מַחְסֹרוֹ אֲשֶׁר יֶחְסַר לוֹ. One must lend to the needy sufficiently unto the need and this
does not give license for any predator loans. The confinement of the loan is within
capacity of need period. No interest may be charged otherwise it becomes a
predator’s loan.
No interest charged to
believers or unbelievers Some scholars have
wrongly concluded that Nehemiah 5:11 permitted interest charged to unbelievers
or “foreigners” but that is not a correct reading of the context. Nehemiah is reprimanding
them for taking the oil, fields, houses and interest from the unbelievers
saying: “The thing that you do is not good; ought you not to
walk in the fear of our God, because of the reproach of the heathen our
enemies?” = לֹא-טוֹב הַדָּבָר אֲשֶׁר-אַתֶּם עֹשִׂים: הֲלוֹא בְּיִרְאַת אֱלֹהֵינוּ תֵּלֵכוּ מֵחֶרְפַּת
הַגּוֹיִם אוֹיְבֵינוּ (Nehemiah 5:9). The result was that they
came in line with God and return everything. That is not permission to charge
interest from unbelievers. “If you lend money to
any of My people, even to the poor with you, you should not be to him as a
creditor; neither shall you lay upon him interest” = אִם-כֶּסֶף תַּלְוֶה אֶת-עַמִּי אֶת-הֶעָנִי עִמָּךְ--לֹא-תִהְיֶה לוֹ כְּנֹשֶׁה לֹא-תְשִׂימוּן
עָלָיו נֶשֶׁךְ (Exodus 22:24). The same principle applies for the next verse: “If
you at all take your neighbour's garment to pledge, you should restore it unto
him by that the sun goes down” = אִם-חָבֹל
תַּחְבֹּל שַׂלְמַת רֵעֶךָ--עַד-בֹּא
הַשֶּׁמֶשׁ תְּשִׁיבֶנּוּ לוֹ (Exodus 22:25).
Pledge items taken for
loan and taboos regarding the taking of them Deuteronomy 24:6 does
not permit that food-processing utilities in the kitchen be taken as pledge for
debt: “No man shall take the mill or the upper millstone to pledge; for he takes
a man's life to pledge” = לֹא-יַחֲבֹל רֵחַיִם וָרָכֶב: כִּי-נֶפֶשׁ הוּא חֹבֵל. The claim
to one’s financial rights has to be upheld in dignified and orderly appropriate
manner: “When you do lend your neighbour any manner of loan, you should not go
into his house to fetch his pledge” = כִּי-תַשֶּׁה
בְרֵעֲךָ מַשַּׁאת מְאוּמָה--לֹא-תָבֹא אֶל-בֵּיתוֹ לַעֲבֹט עֲבֹטוֹ (Deuteronomy 24:10). For misuse of this rule see Job 22:6. Proverbs
20:16 is not a license to take pledges from a foreigner or stranger but a case
sample of how business practices are an abomination before the Lord (Proverbs
20:10). Proverbs 22:26 “Be not of them that strike hands, or of them that are
sureties for debts” = אַל-תְּהִי בְתֹקְעֵי-כָף; בַּעֹרְבִים, מַשָּׁאוֹת.
A poor believer who
sells himself for labor should not be treated equally as other laborers “And if your brother [in
faith] be waxen poor with you, and sell himself unto you, you should not make
him to serve as a bondservant” = וְכִי-יָמוּךְ אָחִיךָ עִמָּךְ
וְנִמְכַּר-לָךְ--לֹא-תַעֲבֹד בּוֹ עֲבֹדַת עָבֶד (Leviticus
25:39).
The
dire consequences of debt is spelled out in Proverbs 22 “If you have not
wherewith to pay, why should he take away your bed from under you?” = אִם-אֵין-לְךָ
לְשַׁלֵּם-- לָמָּה יִקַּח מִשְׁכָּבְךָ
מִתַּחְתֶּיךָ (Proverbs 22:27).
Ellen White and debt Ellen White counsel on
debt that spending money as soon as they receive it incurs debt (Adventist Home
392.4); one in debt is in one of Satan's nets and his target is the person's
soul (Adventist Home 392.5). Expenditures should be kept within the limit of
their income (Adventist Home 374.2). Debt weakens faith (Adventist Home 393.1).
Do not incur another debt (Adventist Home 393.4).Debt is a curse and should be
avoided as smallpox (idem). Church in debt is a dishonor for God (Christ in His
Sanctuary 24.5). Suffer rather than get in debt (Christian Experience and
Teachings of Ellen White 115.1).Overwhelmed by debt people get discouraged, it
is a burden, a tyrant, and reckless.
Adventist
administrators’ advice on debt Jones (1929) indicated
that the minister should keep within his income allowed by the conference. Debt
can be detrimental to the minister and the work. Exceeding his income the
minister borrows and weakens his influence by borrowing (p. 11). It prevents
him to be a leader in sacrifices and gifts to God's cause. It gives the
minister anxiety and discouragement and prevents him to cheer up others in
discouragement. Solution: cut down expense within income. Save little by little
for the children's future. Study economy in the home: simplicity in diet,
discarding luxuries, caution in selecting furniture and clothing and thus there
will be savings. Cottrell (1929) pointed out that if the person is not living
within his/her income the ultimate result is financial and spiritual collapse.
Do not fall into a temptation to invest in a get-rich quick scheme. Solution:
husband and wife put all money on the table, remove the tithe and then allotted
the money for personal expense of each and joint expense like the house and
housekeeping. Do not short the Lord in His portion when an amount is inadequate
to cover. Pay rather cash. Credit is an
unsafe basis of operating. Eat in rations and safe thus. Wells (1929) cited
Ellen White's statement in Testimonies Vol. 6: 217; 211 that Debt is a
leprosy. The solution is to refrain from needless expenditure to gratify pride,
selfish desire, or love of display, eliminate every extravagance. Much thought,
careful planning, earnest prayer, determined purpose, self-denial and sympathetic
co-operation by each member of the family is needed.
Non-SDA perspective on
Debt R. Blue listed some
misgivings about debt and the Bible in modern times: It doesn't say … it's a
sin to borrow; or, it's wise to borrow; or, God will bail you out of debt; or, debt
is an exercise in faith; it's a sin to loan money. Blue indicated that it is
wrong not to repay debt: “The wicked borrows, and pays not; but the righteous
deals graciously, and gives” = לֹוֶה רָשָׁע וְלֹא יְשַׁלֵּם וְצַדִּיק חוֹנֵן וְנוֹתֵן.
(Psalm 37:21). With a faithful approach believers in debt should get out of
debt rather than bet their debt, Blue maintains.
Debt counseling:
Non-Adventists and Adventists Some books are helping
people to get out of debt: see the books by Ramsey (2013) and Dayton ( ). And Adventist perspective is that of P.
Thompson (2018). Paul Thompson is a fellow of the Chartered Institute of Credit
Management. He is a master presenter for the Chartered Institute of Management
Accountants in England and Wales. He provides free debt counselling as a
ministry. In an article Thompson indicated that in 2012 the SDA church was
supposed to have generated $14 Billion but did only $2 Billion in tithe. Where
did the other $12 Billion go, he asked. Debt. People are caught in debt. Thompson pointed out the
biblical position on debt as follows: “The Bible divides debt into two
categories: borrowing and lending. In
addition to these two broad headings the Bible uses the following terms in
association with debt: usury, trust, vows, striking hands, co-signing. These
terms relate to debt, in one form or another, something Christians are
cautioned to avoid. The psychological impact of debt is real, often leading to
marital issues, fear of being found out, and some members avoiding church office
due to non-tithing. Many caught up in the debt spiral report feeling trapped
and isolated, with no one to turn to for advice.” How does debt start? Thompson
listed them: Money problems usually occur when:• Expenditure exceeds income •
There is unemployment or insufficient income • There is inefficient spending or
impulse Buying • Priorities are not set • When set, priorities are disregarded •
Significant life-changing events occur, such as ill health, divorce or
bereavement • We lose focus on God’s plan for our lives. How to get out of
debt? 1. Prepare spiritually and
phone a friend for daily prayers. “Use daily devotionals that promote good
stewardship to help you reinforce. good habits.” 2. Contact all creditors “Be
brave, contact all your creditors and explain your position, then ask for more
time to spread your payments. Put God to the test; go in faith.” 3. Decide on
priorities “The debts which are more serious, such as mortgage arrears, should
be given priority.” “Seek advice from the local Citizen’s Advice Bureau or a
debt charity. They have the powers to stop harassment and undue pressure from creditors.
The Financial Ombudsman Service (FOS) or the Financial Conduct Authority (FCA)
are ready to deal with any complaints relating to unfair treatment or strong-arm
tactics by creditors”. 4. Prepare a financial statement “Prepare a true list of
your income and expenditure. Be honest, even though it may surprise you, for
this is an essential part of the process of recovery.” 5. Maximise income “Look
at other ways of increasing income: rent out a room, take a part-time job, sell
at car boot sales or on eBay.” 6. Review expenditure aggressively “ Decide
seriously what you are prepared to give up. It could be a holiday, a car, or chocolates.
Make up your mind to sacrifice.” 7. Negotiate “Spend time in communication with
your creditors. Many are willing to work with you if you show commitment. In
some cases, you may be able to get significant debt mark-down.” Thompson ended with a citation
of Ellen White: “There are only two places in the world where we can deposit
our treasures – in God’s storehouse or in Satan’s, and all that is not devoted
to Christ’s service is counted on Satan’s side and goes to strengthen his
cause.” E. G. White, Testimonies for the Church, vol. 6, p. 448.
Sources: Anonymous, (1929,
October)."Results of Thirty-five Years' Experience." The Ministry
Vol. II no. 10: 14-15. Anonymous (2008).
"Debt in the Bible." Stewardship. e: info@red2black.org.uk Belony, S. (2014, May).
“Americans are Drowning in Debt. How can Adventists Make Sure They Stay Afloat?”
Visitor Vol. 119 Issue 5: 7-9. Downloaded 20th of November from https://www.andrews.edu/library/car/cardigital/Periodicals/Columbia_Union_Visitor/2014/2014_05.pdf Blue, R. (2008). “Biblical
Perspective on Debt” Downloaded on 18th of November 2018 at https://www.focusonthefamily.com/family-q-and-a/life-challenges/biblical-perspective-on-debt Brame, C. T. (2010, Sept-Oct).
“4 steps to debt elimination.” Message Vol. 76: 12-13. Clitheroe, P. (2013,
Oct). “Is debt consolidation the answer?” Signs of the Times volume 140:
10-14. Cottrell, H. W. (1929,
October). "Go! But Pay as You Go". The Ministry Vol. II no.
10: 12-14. Dayton, H. (2006, Jan).
Free and Clear: God's Road Map to Debt-Free Living. Moody Publishers.
Downloaded on the 20th of November 2018 from https://sites.google.com/site/butard657438/pdf-download-full-free-and-clear-god-s-roadmap-to-debt-free-living-pdf-all-ebook-audiobook---by-howard-dayton. Jones, J. K. (1929,
October). "The Problem of Personal Finance." The Ministry Vol.
II no. 10: 11-12. Powell, M. A. (1981,
original 1867-1887). HarperCollins Bible Dictionary - Revised &
Updated. Ann Arbor, MI. Ramsey, D. (2013). The
Total Money Makeover: A Proven Plan for Financial Fitness. Thomas Nelson. Thompson, P. (2018).
"Caught up in the debt trap?" Messenger 1: 5 Downloaded on 20th of
November 2018 from https://www.andrews.edu/library/car/cardigital/Periodicals/Messenger_British_Union/2018/2018_01.pdf Thompson, P. (2018,
March 23). “UK debt and suicide: are teenagers under threat?” Messenger
volume 123: 5-6. Wells, G. W. (1929,
October). "A Tribute to the No-Debt Policy." The Ministry Vol.
II no. 10: 15-17. White, E. G. Testimonies
Vol. 6. . http://themoneycharity.org.uk/money-statistics/