Implications and Responsibilities of Financing with Debt

Implications and Responsibilities of Financing with Debt

Paper Type: essay

Subject:         Business

Pages 1 (275 Words)

Sources         2

Spacing         Double  Citation      APA

Academic Level       Undergraduate

Quality          Platinum

Paper details

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:

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