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Summary: How unnecessary debt can compormise the home, the church and the spirituality of a person

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THE DANGER OF UNNECESSARY DEBT

Proverbs 22:26-27 & Romans 13:8

Intro: Let me first start by saying being in debt is not a sin. Being in bondage to your debt is sin. We are living in a society they is absolutely dependent on credit. The United States national debt is 8.8 trillion dollars. Since 1969 the United States has spent more than its income. In 1946 a man named John Biggins invented the “charge-it” program that later became the basis of the first two credit cards issued in 1958 the American Express and Visa. Without credit it is almost possible to buy anything. Without some type of credit score you can’t buy a car and you definitely can’t borrow the money for a house.

Credit, when used right, is not a bad or sinful at all. It can be a powerful and useful tool. The problem with credit is that it has become abused and absolutely ruined the lives of millions of people and will claim millions more. Right now in the United States alone there is $753 billion dollars in credit card debt alone. I want to preach this evening on the subject; “THE DANGER OF UNNECESSARY DEBT.”

However, credit card debt is not the only type of debt I want to preach on this evening. Many people today take on a load of debt without considering the dangers that accompany it. With all debt there is a certain level of risk the debtor assumes. When a person overloads their self then they become in bondage to that debt. That is when debt becomes sinful. I know many people who have just overwhelmed themselves and then laughed when the bank repossessed their stuff. Now if you make a debt you are legally bound to meet the obligations of paying it back on the terms you agree on including the interest. In the Old Testament the collecting of interest on a loan was forbidden against the poor. This goes from everything to cars, houses to even taxes. Now whether we like it or not we are legally bound by the Word of God to subject ourselves to the higher powers of this land (Romans 13). Our text tells us not to go into debt or even cosign one unless we are sure we can repay it. Many times many of you out of the goodness of your heart have co-signed for an in-law or a distant family member but the Bible is plainly against it. (Proverbs 11:15) He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure. You very reputation is on the line when it comes to debt and you will do yourself a favor by just telling that person no. I want to give you three ways unnecessary debt can affect you.

I. DEBT CAN AFFECT YOUR HOME LIFE

A. A recent survey showed that the leading causes of divorce were as follows

1. Financial hardships

2. Infidelity

B. Many young married couples take on more than they can handle

C. Often times a wife who has never worked a day in her life is forced to take on a job (This is not safe!)

D. They want to live the big lifestyle then they find themselves overloaded with debt

E. I am a firm believer that a family should spend time together in a vacation atmosphere. Debt often hinders that


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