Debts put us in deep financial captivity, eliminating the possibility of living life to the fullest in regards to things we need finance to purchase. Debt is not exactly a funny experience but over time most people find themselves tangled in its webs and with no hope to get out.
Soon most people begin to have sleepless nights thinking about whether it can ever be possible for them to break free from these financial burdens. Many times, before you realize, this weight leads to depression and other illnesses.
If you relate to this, I tell you there’s hope, and it is possible through the power of prayer. These 50 Prayer Points to Break The Chains of Debt can help you break free.
Remember, our God is a God of freedom, and He desires to see His children walking in liberty – financially and in every other area of life. Through prayer, we can tap into His wisdom, strength, and provision, finding the keys to unlock those chains of debt once and for all.
As you pray these prayers, have faith and see those chains of debt beginning to loosen.. Are you ready to break free? Sure you are…
The Spiritual Nature of Debt
Before we start praying, it’s important to comprehend what the Bible has to say about debt. Proverbs 22:7 tells us, “The rich rule over the poor, and the borrower is slave to the lender.” This verse highlights the bondage nature of debt, showing us why it’s so important to seek freedom.
However, it’s equally important to remember that God doesn’t condemn those in debt. Instead, He offers hope and a way out.
Throughout Scripture, we see God’s heart to set captives free – and this includes those captive to financial burdens.
Prayers to Break Financial Hardship Through Faith
Can Debt be a Spiritual Attacks on Finances
Sometimes, persistent debt can be a sign of spiritual attack. The enemy knows that financial stress can impact every area of our lives, from our relationships to our peace of mind. His intention is to distract us from God’s abundance by keeping our attention on our lack.
When we realize the spiritual dimension of debts, it gives us the ability to fight back not only with practical measures, but also with the powerful tool of prayer.
Prayers When Heavens Are Closed – 70 Prayer Points Against Closed Heavens
Powerful Prayers to Break The Chains of Debt
Prayer for Divine Intervention
Heavenly Father, I come before You today, with the weight of my financial burdens. I recognize that You are the God of the impossible, and nothing is too hard for You. I ask for Your divine intervention in my debt situation.
On my own I see no way out, but I completely trust that You will make a way. Lord let your hand move supernaturally to break these chains of debt that bind me and my family down. Open doors of opportunity, send unexpected blessings, and guide me in managing my finances according to Your wisdom. In Jesus’ name, Amen.
Prayer for Wisdom and Discipline
Lord of Wisdom, I ask for Your guidance to clear out every debt. Grant me the wisdom to make sound financial decisions and the discipline to stick to a budget. Help me distinguish between needs and wants, and give me the strength to resist unnecessary spending.
Show me creative ways to increase my income and decrease my expenses. I trust in Your promise that if anyone lacks wisdom, they can ask You, and You will give generously. Thank You for Your faithful guidance. In Jesus’ name, Amen.
Prayer for Debt Cancellation
I bring these debts before You today. You are able to do exceedingly, abundantly above all that I can ask or think. IÂ ask for Your mercy and favor over all these debts.
Where possible, I pray for supernatural debt cancellation. Open up ways for debts to be settled. I declare Your promise from Deuteronomy 28:12 over my life – that I will lend to many but borrow from none. Thank You for hearing my prayer. In Jesus’ name, Amen.
Prayer for Breaking Generational Cycles of Debt
Heavenly Father, I come against any generational curses of poverty or debt that may be affecting my life and family. By the blood of Jesus, I break these cycles now. I declare that I am a child of God, blessed and highly favored.
I reject the spirit of lack and embrace the abundance You have for me. Establish my family in Your prosperity from this generation forward. Thank You for setting me free from any ancestral financial bondages. In Jesus’ name, Amen.
Prayer for Increased Income
Lord of Abundance, I thank You for Your promise to supply all my needs according to Your riches in glory. I ask for Your blessing of increased income in my life.
Open new doors of opportunity, bless the work of my hands, and multiply my earnings. Give me favor with employers and clients. Help me to be faithful with what You provide, always remembering to honor You with my firstfruits. Use my increase not just to break free from debt, but to be a blessing to others. In Jesus’ name, Amen.
Scriptural Bases For Prayers to Break The Chains of Debt
Deuteronomy 28:12 – “The LORD shall open unto thee his good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thine hand:”
Galatians 3:13 – “Christ hath redeemed us from the curse of the law, being made a curse for us: for it is written, Cursed is every one that hangeth on a tree:”
Proverbs 16:7 – “When a man’s ways please the LORD, he maketh even his enemies to be at peace with him.”
Deuteronomy 8:18 – “But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.”
Deuteronomy 28:13 – “And the LORD shall make thee the head, and not the tail; and thou shalt be above only, and thou shalt not be beneath;”
Malachi 3:11 – “And I will rebuke the devourer for your sakes, and he shall not destroy the fruits of your ground; neither shall your vine cast her fruit before the time in the field, saith the LORD of hosts.”
2 Timothy 1:7 – “For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.”
Philippians 4:19 – “But my God shall supply all your need according to his riches in glory by Christ Jesus.”
Proverbs 15:22 – “Without counsel purposes are disappointed: but in the multitude of counsellors they are established.”
Prayers to Break The Chains of Debt
Psalm 5:12 – “For thou, LORD, wilt bless the righteous; with favour wilt thou compass him as with a shield.”
Deuteronomy 28:12 – “The LORD shall open unto thee his good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow.”
Psalm 90:17 – “And let the beauty of the LORD our God be upon us: and establish thou the work of our hands upon us; yea, the work of our hands establish thou it.”
3 John 1:2 – “Beloved, I wish above all things that thou mayest prosper and be in health, even as thy soul prospereth.”
Psalm 34:8 – “O taste and see that the LORD is good: blessed is the man that trusteth in him.”
50 Prayer Points to Break The Chains of Debt
1. Lord, I declare Your promise of debt freedom over my life.
2. Father, give me wisdom to make sound financial decisions.
3. I break every generational curse of poverty and debt in Jesus’ name.
4. Holy Spirit, guide me in creating and sticking to a realistic budget.
5. I receive God’s favor with creditors for debt cancellation.
6. Lord, open my eyes to see new opportunities for income.
7. I declare that I am the head and not the tail in my finances.
8. Father, help me to be content with what I have while working towards abundance.
9. I rebuke the devourer from my finances in Jesus’ name.
10. Lord, grant me the discipline to avoid unnecessary spending.
11. I receive the grace to be a faithful tither and giver, even while paying off debt.
12. Father, multiply my efforts to increase my income in the name Jesus.
13. I break free from every spirit of fear and anxiety about these debts.
14. Lord, give me creative ideas for additional streams of income.
15. I declare that my debts are decreasing and my blessings are increasing.
16. Father, surround me with wise financial counselors.
17. I receive the anointing to prosper even in challenging economic times.
18. Lord, help me to be diligent in my work, opening doors for promotion and increase.
19. I break every cycle of emotional or compulsive spending.
20. Father, give me the courage to face my financial situation honestly.
Prayer Points to Break The Chains of Debt
21. I declare that God’s favor surrounds me like a shield in my finances.
22. Lord, give us the wisdom, the insight, the strategy to use my talents and skills to generate unusual flow income.
23. I receive supernatural breakthrough in my efforts to pay off debt.
24. Father, guide me in prioritizing which debts to pay off first.
25. I break free from the bondage of payday loans and high-interest debt.
26. Lord, give me the wisdom to negotiate better terms with creditors.
27. I declare that I am moving from being a borrower to being a lender.
28. Father, help me to find areas in my budget where I can cut expenses.
29. I receive grace to resist the temptation of taking on new debt.
30. Lord, bless the work of my hands and make it fruitful.
31. I break every agreement I’ve made with poverty and lack.
32. Father, show me how to turn my God-given passions into profits.
33. I declare that I am walking in financial freedom and abundance.
34. Lord, give me the discipline to save, even while paying off debt.
35. I receive wisdom to make my money work for me through wise investments.
36. Father, help me to be patient and persistent in my journey out of debt.
37. I break free from every lie that says I’ll always be in debt.
38. Lord, show me how to educate myself about personal finance.
39. I declare that I am credit card debt-free in Jesus’ name.
40. Father, give me the courage to seek help when I need it.
Prayer Points to Break The Chains of Debt
41. I receive favor for debt consolidation or refinancing where beneficial.
42. Lord, help me to stay motivated in my debt-free journey.
43. I break every spirit of comparison that leads to overspending.
44. Father, show me how to cultivate multiple streams of income.
45. I declare that I am free from the stress and worry of debt.
46. Lord, give me the wisdom to distinguish between good debt and bad debt.
47. I receive grace to live below my means as I work towards financial freedom.
48. Father, help me to be a good steward of every dollar You provide.
49. I break free from the mindset that debt is a normal way of life.
50. Lord, let my journey to debt freedom be a testimony of Your goodness and provision.
Conclusion
Having financial freedom is not just about dollars and cents – it’s about walking in the fullness of what God has for you. It’s about being free to pursue your God-given purpose without the weight of financial burdens holding you back.
To break free from debt may not always be easy, but with faith, perseverance, and the power of prayer, it is certainly possible. As you continue to pray these prayers and apply biblical financial principles, trust that God is working behind the scenes, orchestrating your breakthrough.