“Canceling Debt”

May 1, 2024

May 1, 2024

Read Deuteronomy 15, Psalm 146, Acts 24

If you have ever had any type of debt (car payment, credit card, or student loans) you know how good it feels to pay it off and be released from the financial burden. In the Old Testament God enacted a law to put a limit on loaning money and forgiving it after a period. “At the end of every seven years you must cancel debts. 2 This is how it is to be done: Every creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from his fellow Israelite or brother, because the LORD’s time for cancelling debts has been proclaimed” vv. 1-2. Think about the outworkings of this principle today. God allowed for debts to be forgiven so that the people wouldn’t be held to a debt for a long period of time. He knew the hearts of the people to want to enslave our own brothers and sisters in a crippling debt for long periods of time. Think about all the banks and businesses that loan money today and charge an unreal amount of interest and keep people enslaved to their greed. The best news of all about debt is that Jesus Christ paid our ultimate debt of sin “once and for all” it was canceled o the cross for you and me.

What else do you see in these chapters? What stands out to you?
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