“Owe no one anything except to love one another, for he who loves another has fulfilled the law.” (Romans 13:8)
Two forms of debt are to be avoided. The first is obvious: Not having the ability to repay another. We are not to be financially or physically indebted to another. If we meet the obligation of an agreement, we are not in debt.
The second form of debt is not being indebted against our will. That is bondage. We’re not to subject ourselves to another in an inordinate manner. No man is to rule over you contrary to the rule and will of God. This is owing a debt that cannot be paid.
Instead of owing men what cannot be paid, love them. If I love you, I will not be in debt to you. If I love you, I will not have an inordinate relationship with you. If I love you, our relationship will always be honorable, aboveboard, and debt free. Therefore, be slow to borrow even slower to lend; but be quick to give and ready to receive.