Debt Free

Every believer must understand that as the redeemed of the Lord he or she is debt free: Free from the power of sin, free from the power of death, sickness, poverty, stagnation, condemnation, oppression, harm, molestation, and what have you. Jesus paid it all on the cross of Calvary and declared it as was officially endorsed prior to His death, by saying "IT IS FINISHED". It is indeed finished. This is the finished work of Jesus by which the redeemed are debt-free!

John  8:36 says: "If the Son therefore shall make you free, ye shall be free indeed."

Upon receiving Jesus into one's life, such person is set free. Jesus is the way, the truth and the life, John 14:6. Anyone that wants to be free follows Him, The Way. He says "...follow Me and I will make you..." ,Matthew 4:19. If you don't follow Him, The Way, you won't be made free. He is The Truth. It is when you know Him that your freedom from debt is actually established. 

John  8:32 says: "And ye shall know the truth, and the truth shall make you free."

It is Jesus that makes free. He is the Truth, and the truth makes one free from all debts. Anybody that wants to be free must know Jesus. Again, He is The Life. After one has been liberated from debt and its consequences, for such person to remain debt-free, such must live for God. You must live the life of Christ.  Outside Jesus is death, for He is The Life. Jesus has taken from the world the power to harm the believers. He says "...be of good cheer for I have overcome", John 16:33.

Isaiah  53:5 says: "But he was wounded for our transgressions, he was bruised for our iniquities: the chastisement of our peace was upon him; and with his stripes we are healed."

He has paid off the debt of sickness and engendered healing upon all that believed in Him. 

2 Corinthians  8:9 says "For ye know the grace of our Lord Jesus Christ, that, though he was rich, yet for your sakes he became poor, that ye through his poverty might be rich."

He has paid off the debt of poverty that the believers might be rich through righteousness. 

Romans  8:1 "There is therefore now no condemnation to them which are in Christ Jesus, who walk not after the flesh, but after the Spirit."

He has paid off the debt of your past immoral life. You're not condemned of the wrongs of your past because you have become His righteousness by redemption. Jesus defeated the principalities and powers and made an open show of them Colossians 2:15. He took the power from death for the believers' sake. He has not appointed us unto death, Psalms 118:18.
Galatians  5:1 "Stand fast therefore in the liberty wherewith Christ hath made us free, and be not entangled again with the yoke of bondage."

Therefore, let's live a holy life and not entangling ourselves once again with our old self that lust for sin. 
Jesus is Lord!