Don’t be ashamed of your debt
Hello, this is Darrell Castle. I’m an attorney licensed to practice law in the state of Tennessee and on this video I’m talking about debt and its destructive power over your life.
Debt is destructive because it is trading your future prosperity, even present prosperity, for ancient bills that you can’t pay. Oh, it has a temporary happiness. You might feel some happiness when you buy something or you charge something but it is a fast moving and fast disappearing type of happiness but soon you are left with nothing but debt and all that debt represents the minutes, the hours, the days, the weeks, the years that make up your life, so that is what you’re trading in return for whatever it is that you’re buying.
Now, debt comes from banks, no matter what you buy. If you go buy a car on credit, if you go to a department store and buy something on credit, that money comes through a bank. If you use a department store credit card, still it runs through a bank.
Banks get their money the old-fashioned way – they create it on their computers. That’s the way our system works in this world today.
So, what I’m saying is if you can repay your debts by all means do so, you should, but if you cannot repay it, then that is nothing to be ashamed of because, think about it this way –
Let’s say you owe $2,000 on a credit card, how much of that $2,000 do you think is actual merchandise that you received in return for that credit? And how much of it is interest and late fees? Interest on interest? Interest on late fees building month after month after month? Perhaps It’s been a long time since you’ve actually charged something but your debt continues to go up.
Should you feel guilty about that if you can’t repay it? I don’t think so.
The other thing about debt is that it’s all covered in the Bible. I invite you to go to my website and download my free report “What the Bible Says About Debt.”
It says essentially in Proverbs 22:7 that the borrower becomes the slave of the lender. Is that what you want to be folks? My advice to you would be to get out of debt by any legal means necessary and do it as fast as possible.
If you have any questions or are considering filing for bankruptcy, give us a call at (901) 327-2100 or fill out the “Get in Touch” form below.