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Is Debt Wrong?

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musicman:
I think that debt with a plan can be good debt.  This means, someone should carry a ballance on a credit card only if this is a temporary means to get by.  If one sees financial growth in the future he/she may greatly benefit by purchasing things that will help them get to the starting line (wardrobe, business lunches, etc.).  The credit card companies are perfectly happy accepting your minimum payment until the day you die.  They'll stop allowing you to charge on it long before that day, though.  I think it's hilliarious that creditors will allow and honest but naive consumer to struggle forever but the second they see that payments aren't being made, they're more than willing to cut their losses.  By this I mean, somebody who can't or won't make payments will eventually be allowed to pay a fraction of what they owe and be left alone.

I think that the creditors are the devil!!   (Inspired by Cathy Bates in "Water Boy")

rjsurfs:
Hi Kweli and All,

I think Chris said it best:

--- Quote ---Sometimes, the outcome of certain things, are the result of certain actions.

Large credit card debt could be the result of "Pride of Life", "Lust of Flesh" Or honering ones self.

The result can be large debt, but SIN is what the cause is.

Actually if you look at Eve in the Garden, "Eating" the fruit was the result, of the sin in her heart.

While some debt can be a result of certain fleshly desires, providing for ones family with good intention to pay back the lender, can hardly qualify for doing wrong.

--- End quote ---

Kweli said:

--- Quote ---Arcturus, I'm not too sure I understand what you mean by "some debt is better than no wisdom", but if/when it is granted to me to understand, I will.
--- End quote ---

I can't speak for Arcturus to know what she meant exactly... but what I thought of is the wisdom I've gained through my experiences...
Believing:
Rom 8:28  And we know that all things work together for good to them that love God, to them who are the called according to his purpose.
I have gained wisdom through the experiences (all things) of my past... including the experience of debt.

Bobby

Deborah-Leigh:


Some debt is better than no wisdom means it is better to have a mortgage on a house than no home at all  ;D :D ;)

kweli:
Thank you all for your responses. Another burden has been lifted.

Seeking His Glory,
Kweli

Chris R:
Hi acomplishedartis

I understand what your saying, the scriptures also speak concerning oppression, extortion, and like sins. To be unjustly burdened or to be overcharged for a service, is no better than to have acquired debt for vain purposes.

To charge folks thousands of dollars for a hospital visit for a hurt hand deters on the edge of thievery, and to charge folks 24% interest on a credit card loan, because a payment was missed, is no better than stealing chickens from a farmers coupe.

As with all sins, These will have to answer to God for it!

Chris R

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