There have been a number of threads here in the recent past decrying the evils of debt, and I think we would all agree that the bible certainly presents debt as an undesirable thing.

However, if my understanding is correct, under our modern western tax regimes the interest payments on debt are tax deductible, so that sometimes it is actually beneficial for a person to have some debt as opposed to none.

Now this sort of financing is normally associated with large corporations, but from what I understand, individuals can use it as well, particularly when purchasing property.

Firstly, do these arrangements really provide the overall benefit they are supposed to?

Secondly, how should we look at them in light of the bible's teaching about debt?



p.s just for completeness, I do not believe the bible condemns all debt as sinful.

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Mark Li
International University Church
New South Wales, Australia