Financial Freedom for the Family - Lesson 2

Proverbs 22:7 indicates that debt enslaves the debtor to the lender. Contrary to what some teach, however, the Bible does not condemn the concepts of lending and credit. In fact, several laws regulated credit and lending among God's people Israel (Ex. 22:25-27; Lev. 25:35-37; Deut. 24:10). Credit, while not evil in itself, becomes a snare when misused and abused. Abusing credit results in sinful debt.