Nowhere in the Bible does it say that it is a sin to borrow, but it does speak into this important aspect of our financial management – how well we do this determines the extent of our financial freedom (Larry Burkett – Crown Ministries). It doesn’t matter whether you earn a little or a lot, anyone can be plagued by financial bondage brought about by debt.
1 Timothy 6:17–19 (ESV) 17 As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy.