Should Christian be in Debt?

If we take God’s Word seriously, we should avoid debt when we can, since “the borrower is servant to the lender” (Proverbs 22:7, NLT). And since Jesus tells us we cannot serve both God and money, we should ask ourselves, before undertaking any debt, How will this affect my capacity to give generously?

Why do I receive mailings telling me that $5,000 or $10,000 or $20,000 has already been approved for me and to receive it I need only send in the enclosed agreement? Why do banks and credit companies beg me to borrow from them, listing dozens of ways I could use the money? Why are people so anxious to lend me money? The answer is simple—they want me to borrow because they will make a lot of money from my debt.

Debt spends money we don’t have. So isn’t our decision to go into debt proof that we believe we need more than God has given us?