4 Ways God Cancels Debt
In this message, Pastor DaVon reveals 4 Ways God Cancels Debt, showing how the supernatural power of God can break financial chains and bring freedom to those who believe. Drawing from both Scripture and real-life testimonies, Pastor DaVon teaches that debt is not just a financial issue—but often a spiritual one that affects our mindset, peace, and purpose.
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Notes
Debt Breakdown:
As of the fourth quarter of 2024, American households collectively carry a total debt of $18.036 trillion
Approximately 8 in 10 households had some form of debt in 2024.
The average mortgage balance per household in 2024 is $252,505
36% of Americans have more credit card debt than emergency savings—a record high.
Americans collectively owed $1.211 trillion in credit card debt as of the fourth quarter of 2024, marking the highest level on record.
5 out of 10 credit cardholders carry a balance each month.
Consumers' average credit card balance was $6,730 as of Q3 2024, reflecting a 3.5% increase from the previous year.
The average monthly payment for new vehicles is $737
The average monthly payment for used vehicles is $520:
The average car loan length is now over 67 months.
Student Loan Debt: Total student loan debt in the U.S. stands at approximately $1.77 trillion.
These figures highlight the significant debt burden many Americans carry.
When this service is through, I declare you’ll be entirely new.
2 Kings 4:1-7
Biblical borrowing is not a sin (because God can tell you to borrow)
Biblical borrowing means you will repay
Biblical debt means you cannot repay
It's wicked to borrow and not repay (Psalm 37:21)
The practical prepares the way for the supernatural.
Verse 1: Men, don’t leave your wife and children in this predicament
Today, aren’t you glad that debtors don’t take your children away?
Verse 2: What is in your house?
Talent, gift, seed, invention, valuables, book, recipe, are you good with your hands? etc
Verse 3: Borrow means to ask
Verse 4: Shut the door - Don’t tell anybody
Verse 6: Oil stopped when vessels stopped.
Luke 6:38 - you measure
Verse 7: Go, Sell, Pay.
Make sure when extra comes in, you pay your debts
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4 Ways God Cancels Debt
God is still a debt-canceling God.
Debt Canceled (Nullified)
Deuteronomy 15:1-2 NLT - At the end of every seventh year you must cancel the debts of everyone who owes you money. This is how it must be done. Everyone must cancel the loans they have made to their fellow Israelites. They must not demand payment from their neighbors or relatives, for the Lord’s time of release has arrived.
Luke 7:41-42 NLT - Then Jesus told him this story: “A man loaned money to two people—500 pieces of silver to one and 50 pieces to the other.” But neither of them could repay him, so he kindly forgave them both, canceling their debts. Who do you suppose loved him more after that?”
Debt Forgiven (Emotional)
Matthew 18:27 - Then the master of that servant was moved with compassion, released him, and forgave him the debt.
Matthew 6:12 - And forgive us our debts, As we forgive our debtors.
Debt Reduced
Luke 16:5-7 - So he invited each person who owed money to his employer to come and discuss the situation. He asked the first one, ‘How much do you owe him?’ The man replied, ‘I owe him 800 gallons of olive oil.’ So the manager told him, ‘Take the bill and quickly change it to 400 gallons.’ And how much do you owe my employer?’ he asked the next man. ‘I owe him 1,000 bushels of wheat,’ was the reply. ‘Here,’ the manager said, ‘take the bill and change it to 800 bushels.
Debt Paid In Full
Someone else pays off the debt
Philemon 1:18-19 NLT - If he has wronged you in any way or owes you anything, charge it to me. I, PAUL, WRITE THIS WITH MY OWN HAND: I WILL REPAY IT…
You pay off the debt
2 Kings 4:7 NLT - When she told the man of God what had happened, he said to her, “Now sell the olive oil and pay your debts, and you and your sons can live on what is left over.”
Pre Debt-Free Confession
Mark 11:22-23
So Jesus answered and said to them, “Have faith in God. For verily I say unto you, That whosoever shall say unto this mountain, Be thou removed, and be thou cast into the sea; and shall not doubt in his heart, but shall believe that those things which he saith shall come to pass; he shall have whatsoever he saith.
Nothing happened until something was spoken
Debt-Free Confession
We, the body of Believers of TrueLife Fellowship Church, declare that we are sons and daughters of El Shaddai, the God of abundance and no lack.
We call these debts paid in full in Jesus' name and on the authority of His Holy Word! Debt, we speak to you in Jesus ‘name: Be paid and be gone! Dematerialize and cease to exist.
We call these notes reduced, paid in full, canceled, and forgiven.
We declare that we are debt-free!
The spirit of debt is destroyed over our lives and this local church because of the anointing.
We are the lender, not the borrower, the head, and not the tail.
We are blessed coming in and blessed going out.
The Father daily loads us with benefits and causes His blessings to overtake us.
Wealth and riches are in our house and we increase more and more.
God has given us the power to get wealth to establish His kingdom here on earth.
We are plenteous in goods, for God has given us richly all things to enjoy.
The blessing of the Lord has made us rich, adding no sorrow with it.
We are joint heirs with Jesus Christ and Abraham’s blessings belong to us.
We walk in God’s wisdom, exercising sound judgment and stewardship over this wealth.
We sow bountifully, therefore, we reap bountifully.
We give and it is given unto us good measure, pressed down, shaken together, and running over.
We owe no man anything, but love!
The devourer is rebuked for our sakes and cannot destroy our fruit
We are "THE DEBT-FREE REDEEMED OF THE LORD" and we say so, in Jesus’ Name, Amen.