The following are a few Christian viewpoints on Debt

"Debt is considered slavery " Proverbs 22:7, I Corinthians 7:23

"Debt was considered a Curse", Deut 28: 1,2,12, Deut 28: 15, 43, 44

"Debt Presumes upon tomorrow", James 4: 13-15

"Debt may deny God an opportunity" (Crown Ministries, Inc. (1995), p. 39, Dayton, H. (2007, p.37-39)

Dayton (2007) also states, "Possible debt is permissible" when three criteria are met: 1. The item purchased is an asset with the potential to appreciate or to produce an income. 2. The value of the item equals or exceeds the amount owed against it. 3. The debt is not so large that repayment puts undue strain on the budget (p. 38). According to Ramsey (2007) "Debt brings on enough risk to offset any advantage that could be gained through leverage of debt" (p.21). Do you agree with these statements? How would adherence to the "three criteria" affect the way you handle you debt? What would be the benefits and challenges?