Thread: The world of finance teaches that borrowing money can be a high-risk, high-reward option. Scripture has some passages that seem to clearly warn people to be cautious about getting into debt. Read the following Scriptures and write a 250 word post discussing what the Bible does and does not teach about debt. At minimum, address the following questions:
What are some of the natural consequences of borrowing money?
What is “co-signing” a loan? What advice does the writer of Proverbs have about the wisdom of co-signing a loan?
What are the obligations of anyone who borrows money?
Be sure to reference any Scriptures you use to answer questions. In addition to Scripture you must cite at least 1 article that addresses the topic.
Scriptures to read (minimum…feel free to find more!): Psalm 37:21 Proverbs 11:15, 17:18, 22:7, 22–27
Reply: Respond to at least 2 other students' threads and comment on their observations about the implications of financing with debt. Be sure to give specific examples and state whether you agree or disagree with your classmate's assertions. Each reply must be at least 100 words.