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As Abraham was less than Melchizedek, for without doubt the less is blessed of the greater, so also Levi was less than Melchizedek, for he was in the loins of Abraham when Melchizedek met him. As Levi was in the loins of Abraham and paid tithes to Melchizedek, so we were in the loins of Christ and paid…

In the olden times of imprisonment for debt, it would have been quite correct for you to step into the cell of a debtor and say to him, “I have freed you,” if you had paid his debts and obtained an order for his discharge. But he is still in prison! Yes, but you really liberated him as soon as you paid…

A New Jersey mega-church helped pay off $13.7 million in medical debt for roughly 3,800 individuals and families in their community. Lead Pastor and founder of Liquid Church, Tim Lucas said the church discovered that medical debt was destroying the financial stability of families in their community.…

One hundred and forty nine passengers were preparing to fly to London, when French authorities ordered the seizing of their jet. The jet, owned by Ryanair, was released because the company had ignored attempts to get them to repay funds the European Union had declared to be illegal subsidies. Authorities…

Though he makes his living repossessing other people’s cars, one Illinois repo man had a change of heart and surprised an elderly couple after he took their car. Jim Ford, co-owner of Illini Asset Recovery, said that after he took an elderly couple’s car, he thought about what it would have been like…

In May 2017, the Federal Reserve Bank of New York said that total household debt in the United States had reached a record high, exceeding the previous high in 2008. The financial institution said household debt stood at $12.73 trillion. They said most of that debt consisted of student and auto loans,…

The chief fiscal officer for the state of Illinois said she does not know how big Illinois’s pile of unpaid bills really is. The state sold $4.5 billion worth of bonds to pay down the estimated $16.6 billion it owes to contactors, health care providers, and others. Part of the problem is state agencies…

One of the keys of good stewardship is to spend less than you make creating a surplus. The surplus allows you the ability to help others or to give to a good cause. Unfortunately, 60% of Americans say they spent more than they earned last year. A survey of more than 27,000 people by the FINRA Investor…

The personal finance guru in The New York Times, Carl Richards, has an interesting suggestion for staying out of debt, or at least lowering it significantly. His suggestion is to pay for the item first, by putting the money aside in a savings account. If you can’t wait to save up for the whole amount,…

Fyli, a municipality in Greece, northwest of Athens has a debt of $500 million. They have been granted generous terms for repayment. In 2016, authorities awarded the city 25,546 months to pay meaning the debt will finally be paid in 4144. Our debt of sin could not be paid, even if we had 25,000 months…

Every year Americans take time to honor mothers with nice meals, cards, and phones calls home. While they are honoring their mothers, few people realize how much they really owe their moms. Though not all the figures are exact, the total is surprisingly large, especially for the millennial generation.…

“The average American with credit card debt owes more than $15,000.” Our massive debts have spawned a whole community of experts explaining how to manage or get rid of the debt. “The strategy begins with cutting up those cards that have the debt.” Then have a strategy to begin paying them off, one by…

Kent Broyhill was a student at the University of Nebraska. Like a lot of college students, always trying to find a place to park on a crowded campus, he collected a number of parking tickets. When told the university only accepted cash for the fines, Broyhill promised to return with the bills. Alas,…

Outstanding credit card debt in the United States is expected to climb to more than $900 billion. That will bring the average household credit card balance to $7,813. Most Americans underestimate what they actually owe. In one survey by the Federal Reserve Bank of New York, respondents underestimated…

A survey investigating personal finances has found that roughly 18% of Americans say they expect to be in debt for the rest of their lives. The number has effectively doubled since the last time the survey was taken in May 2013. Overall the survey found that credit card indebtedness has increased moderately…

In 1996, 58% of students used loans to finance their education. At graduation they owed less than $20,000. In 2015, 71% of graduating students took out loans and owe an average of $35,051 each. We are launching our children into the world already financially indebted. They are mortgaging their future,…

Debt is a monster in our culture threatening to devour individuals and families. One indicator of how close to the edge of insolvency people live can be seen by the fact that there are more payday lender locations in the U. S. then there are Starbucks and McDonald’s locations combined. --Jim L. Wilson…

Recently, Rocky Rasmussen is the owner of the KFC restaurant in North Platte, Nebraska, received a handwritten letter from an anonymous patron of his all you can eat buffet. “I took more on m plate than I could eat,” the woman explained. “So I put it in my purse and took it home. I do love your chicken!”…

Citizens of Detroit, one of the hardest hit cities in these tough economic times, carry the least amount of personal debt, on average, of all major U.S. Cities. The amount is still a staggering $23,604 per person not including mortgage debt. Scripture is clear that financial debt makes one a prisoner.…

Toyota admitted that they made some misleading statements about unintended acceleration. The federal judge ordered the company to pay $1.2 billion federal fine for the settlement of the criminal investigation. The amount is the largest penalty for an automotive company, and the judge put the company…

A Canadian woman says she has learned her lesson about communicating clearly and being sure you understand everything you need to know. When Kristen Cockerill returned a rented Mustang to a rental agency, she followed the directions she had been given because the office was closed on Sunday. She parked…

According to the WSJ.com only 68% of Americans spend less money than they earn, and almost a third having no saving. --Jim L. Wilson and Rodger Russell The Week, March 7, 2014 p. 34 Ephesians 4:28 (ESV) (28) Let the thief no longer steal, but rather let him labor, doing honest work with his own hands,…

Workers at the Champaign County Library were just a little surprised when a book entitled, “The Real Book About Snakes” was returned anonymously. According to library officials the book was due back on July 17, 1972, but had been missing for the last 41 years. Along with the book, the library received…

Many people at some point discover their debt is more than they can easily handle. That point came suddenly to Ann Wiley of Gwinnett County, Ga. Her bank cut her off when she attempted to make an online payment. When she looked at her balance it was in the red. It was $100 million in the red. She logged…

As baby boomers begin to reach retirement age their prolific spending patterns are sending many of them into retirement still in debt. “The number of Americans 60 and over in debt is alarming,” according to a report by the AARP’s Public Policy Institute. The study shows that Americans over age 50 carry…