Supernatural Debt Cancellation
God has a simple formula for debt cancellation. It’s written in red – in the blood of Jesus. In the Bible, debt and sin are synonymous. Jesus “canceled out the certificate of debt consisting of decrees against us, which was hostile to us; and He has taken it out of the way, nailing it to the cross” (Col. 2:14). As the righteousness of God, you have a right to claim that powerful verse. Jesus wiped out your debt of sin and your financial debt. Claim it! Claim it in communion, sealing it in Jesus’ blood.
To make your request even more emphatic, sow a financial seed offering and make your claim the cancellation of your debt. Whatever you do, don’t claim your debt. You’ve given it to Jesus. He’s already paid it in full. Do like Gloria Copeland. As she has shared on television, she told the bill collector at the door, “Jesus paid my debt!” He returned to his office to find the records showing the debt was paid in full!
Debt is sin. But you have been pardoned. Don’t let doubt enter. Simply keep thanking and praising Jesus for paying your debt. He can’t lie. Trust God to lead you in His time to live in His perfect will for you. It’s not His perfect will for you to have any debt – and that includes mortgages. He is capable of erasing it. He is also capable of providing you the money to buy your own home and even your car outright. He meets us where we are.
But remember this: the only thing that limits God is our capacity to believe Him and to receive all the blessings He has promised us. The more persistent the bill collectors get, the more frequent should be your declarations of God’s Word over the situation. Here are two prayers to help you in speaking God’s truth instead of Satan’s loud lies about your financial situation.
Prayers for the Release from Debts
“In you, O Jesus, I have taken refuge; let me never be ashamed. In Your righteousness deliver me from the power of sin and from my creditors and accusers. Incline Your ear to me. Rescue me quickly from the clutches of debt and the ways of the world, for You are my Rock and my Fortress. For Your namesake, Jesus, You will lead me and guide me. You will pull me out of the net they have secretly laid for me, for You are my Strength, my Savior, my Deliverer, my Redeemer and my God.
"Into Your hand I commit my spirit, my soul and my body. None can take me from Your hand. You have ransomed me, my Jesus. You are my Provider who shelters me in a safe place.
“I will speak boldly of your miracles and in Your name. For You, Jesus, have heard my voice, forgiven my sins, set me free from debts and stopped the mouth of my accusers. Let the love of the saints pour forth in song and dance, for You have preserved the faithful, made strong the weak, given strength to the faint – and joy to all who love You.
“Thank You, Jesus, for the freedom from debts.”
(Based on Psalm 43, combined with other Psalms)
“Vindicate me, O my God. Plead my case against ungodly creditors. Deliver me from the deceitful and unjust men, for I have forgiven the debts of those who owe me. Why should I go in mourning because of the oppression of the creditors? Has not Jesus already paid my debts? Am I not the righteousness of my God? Is Jesus not my Savior? Is His arm cut short? I know that I am redeemed by the blood of Jesus and that I am righteous. Therefore I am already saved from the hands of the creditor and my debt is paid.
“Therefore I will rejoice and call for Your light and Your truth to lead me to Your holy hill, to Your dwelling place. And there I will go to the altar of my God with exceeding joy and I will praise You. For You, Jesus, are my Strength, my Joy, my Purpose and my Destiny. In You, Jesus, I have freedom from all debt, all torment, all imprisonment.
“Thank You, Father, for all that I have in Jesus. Amen and Amen”.