(Fasting and prayer day 18)
“The rich rules over the poor; and the borrower is the slave of the lender” (PV 22:7)
Debt is an amount of money borrowed by one party from another. Many use debt as a method for making large purchases that they could not afford under normal circumstances. The debt is to be paid back at a later date, usually with interest. These are synonyms words for “Debt”: Encumbrance, burden, guilt, a millstone on your neck, a monkey on your back, a thorn on your side, worry, a hindrance to progress, worry in my pocket, risk, loss, liability or bad news.

Spiritually speaking, debt is a trap, is slavery. By owing money, you lose your spiritual (and economical) freedom.
The Word of God says that by accepting a loan, you become the slave of that person or that bank who borrowed you the money. You should take a loan or spend on a credit card, only if it is very important to do so. School loan or paying mortgage on a house is ‘acceptable’. Do not borrow money to buy things you can do without. Do not spend more money than you earn. You shall feel it later and you shall regret it. That is the way of slavery.

If you are a child of God and you are in debt already, what should you do?
*Obey the Word of God: Pay your debts! “Give to everyone what you owe them” (Rom 13:7). You need to confront your debt. Do not live in denial. If you pay the minimum amount monthly, the interest is highest. This means that you are passive about it. It is like a slave working for the bank. You need to confront the demon of debt. You should be angry with it. Reject it. Start to pay more than the minimum amount. Actively drive that demon out of your life and finances.
*Repent of the love of money! Do not take another loan. Be satisfied with what you have! Trust God to supply all your needs as you acknowledge His presence daily with you “Keep your lives free from the love of money and be content with what you have, because God has said: ‘Never will I leave you; never will I forsake you” (Heb 13:5)
*Repent of doubt, greed and wickedness. “The wicked borrow and do not repay” (Ps 37:21). Do not delay payment. Do not deceive the lender.
*You need to decide to pay off all your debt. It is not easy. Pray and make a decision. Say it: “From this day (write down the date) I will fight to pay off my loan!” Make a plan! Work hard! Do not gamble! Do not steal! Pray! Make sacrifices! Little by little you shall destroy the mountain of debt and slavery.
*God still has to remain first in your life. Pay your tithes and give your generous offerings to the work of God. Financial peace can be obtained. You should be tired to be a slave! Have faith in God for God is on your side! Most important, persevere to the end. One day, you shall see: 0, 00 on that debt paper. No more excuses! You can do it! Be free, in Jesus name!

In Nigeria we sing a beautiful chorus: ”He came from heaven to earth…From the earth to the Cross…From the Cross to the grave…From the grave to the sky, Lord I lift Your name on high…He paid the debt he did not owe, I owe the debt, I could not pay, I needed someone to wash my sins away, I now can sing a brand new song, Amazing grace, My Jesus paid my debt and now I’m free…” Praise the Lord!!!

In Christ I declare:
From this day I will fight and win against the demon of poverty, financial slavery and debt!
I shall be free, and free indeed!
To God be all the glory!
In Jesus name


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