If you've gone into hock ...
Dear friend, if you've gone into hock with your neighbor or locked yourself into a deal with a stranger, If you've impulsively promised the shirt off your back and now find yourself shivering out in the cold, Friend, don't waste a minute, get yourself out of that mess. You're in that man's clutches! Go, put on a long face; act desperate. Don't procrastinate— there's no time to lose. Run like a deer from the hunter, fly like a bird from the trapper! -Proverbs 6:1-5
Money is something that is written about extensively in the scriptures and debt/credit specifically is addressed in many places. My first real exposure to borrowing money came when I was in the Army. The day after payday, and seemingly every day after until the next payday, was filled with guys asking for a few bucks to get them by until payday. I never could understand it then, and still have difficulty understanding it now, why people can't live within their means.
Credit and debt continues to devastate families all over the world. Folks buy things that they cannot afford and enslave themselves to lenders and credit card companies. The problem seems to involve a lust for things and a lack of contentment. The apostle told the Philippians that he "learned" to be content. If we are humble, we too can learn to be content. If we will listen to God with all of our heart we too can conquer the materialistic lust that enslaves us.
Lord Jesus, you came to proclaim liberty for those in captivity. Please help those in financial slavery to get free.