3. What does the Bible say about loaning money to others?
The Israelites should loan money to poor/destitute people – but they should not charge interest to fellow Israelites.
should loan money:
Deuteronomy 15:7-11
Matthew 5:42
Luke 6:35-36
should not charge interest
Exodus 22:25
Leviticus 25:35-37
Deuteronomy 23:20

4. What does the Bible say about taking on a loan (going into debt)?
You become a slave to the lender – Proverbs 22:7
You must pay back all the debt – Psalm 37:21
Only short-term loans were allowed (no more than seven years) – Deuteronomy 15:1-2.
Ideally, your only “debt” should be the love you owe to everyone around you – Romans 13:8

5. 7 Pay your obligations to everyone:
taxes to those you owe taxes,
tolls to those you owe tolls,
respect to those you owe respect, and
honor to those you owe honor.
8 Do not owe anyone anything, except to love one another.
Romans 13:7-8

6. Ways to get out of debt
Reduce your expenses and/or increase your income – and apply that money to your debt.
Stop using credit cards (unless you pay them off every month)
Snowball your debt payments.
Follow the wise advice of a Christian financial counselor (and go to Financial Peace University).
Create – and follow – a budget