 The greater your debt, the less freedom you have. Proverbs 22, 7 puts it rather bluntly. The rich rule over the poor. The borrower is the slave of the lender. That's because when you're in debt, you're really working for someone else, not yourself, and certainly not for God. The more you have to pay out each month to service your debt, the less freedom you have to use that money in other ways, like serving God more fully.