What does the Bible say about Christians and debt?

In Romans 13:8-10, Paul instructs believers to owe no man anything, which primarily refers to monetary debts. While it is a blessing not to have financial debt, the Scripture does not declare all forms of debt to be sinful. Rather, it emphasizes the necessity of honoring one's financial commitments to uphold a Christian testimony. Failure to pay one's debts can bring reproach to the gospel and negatively reflect the character of God’s people. Therefore, Christians are encouraged to manage their finances wisely, ensuring that they meet their obligations and live in a way that honors Christ.