Assignment: Implications And Responsibilities Of Financing With Debt
Topic: Implications and Responsibilities of Financing with Debt
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 thread of at least 250 words discussing what the Bible does and does not teach about debt. At minimum, address the following questions:
1. What are some of the natural consequences of borrowing money?
2. What is "co-signing" a loan? What advice does the writer of Proverbs have about the wisdom of co-signing a loan?
3. What are the obligations of anyone who borrows money?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.