50 Holy Prayers & Bible Verses for Debt Cancellation

In today’s world, it’s not uncommon to find ourselves struggling with debt. It can feel like an insurmountable obstacle that causes stress and anxiety. But as Christians, we have access to a powerful tool that can help us overcome our financial burdens: prayer for debt cancellation.

By lifting our concerns up to God, we can release the heavy burden of debt and trust in His provision and abundance.

Prayers for Debt Cancellation

Short Prayer To Cancel Debt

Saintly Lord, I declare that my debts are canceled by the power of your grace.

I receive the supernatural provision to pay off all that I owe. Thank you for your faithfulness to bless me abundantly and keep me from all harm. I choose to trust in you, knowing that you can do exceedingly and abundantly above all I can ask or think.

In Jesus’ name, amen.

Romans 13:8

Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.

prayer point for debt cancellation

Prayer For Debt Cancellation And Financial Breakthrough

Blessed Father,

I am humbled by my situation and seeking your help today. My debts have become overwhelming, and I don’t know where to turn. But I know that you are a God of mercy and grace and that nothing is impossible for you.

I ask for your forgiveness for any mistakes I may have made in managing my finances. Help me to learn from those mistakes and to make better choices in the future. But right now, Lord, I need your help. I need you to cancel my debts and provide a way for me to move forward.

Your word tells us in Philippians 4:19 that you will supply all our needs according to your riches in glory in Christ Jesus. I claim that promise today, Lord. I trust that you will provide for my family and me and that you will make a way where there seems to be no way.

But I also know that you want us to be good stewards of the blessings you give us. Help me to manage my finances wisely, save where I can, and be content with what I have. Give me the wisdom to use the resources you provide to bless others and bring glory to your name.

Lord, I thank you for your love, grace, and mercy. I thank you for being with me in the midst of this struggle. And I trust that you will bring me through to a place of financial freedom and abundance.

In Jesus’ name, I pray. Amen.


Matthew 6:12

And forgive us our debts, as we also have forgiven our debtors.

prayer for debt cancellation

Daily Effective Prayer For Debt Cancellation

Saintly Father, I come to you today with a heart heavy with the burden of debt. It feels like a weight I cannot bear, affecting every area of my life. But I know that with you, nothing is impossible.

Lord, I ask you to forgive me for my financial mistakes. Help me to be a wise steward of the blessings you have given me. Show me the path to financial freedom, and help me to trust in your provision.

Just as you parted the Red Sea for the Israelites and made way for them where there seemed to be no way, I trust that you will make way for me to become debt-free. You are the God of miracles, and I know you can do the impossible.

I declare today that I am debt-free. I claim your promises of abundance and prosperity. I trust in your provision and your love for me. You are my provider, my protector, and my guide.

Lord, I thank you for your goodness and mercy. I praise you for your faithfulness and your love. I trust in you completely, and I know that you will make a way for me where there seems to be no way.

In Jesus’ name, I pray. Amen.

Proverbs 22:7

The rich rules over the poor, and the borrower is the slave of the lender.

prayer point for debt cancellation

Miracle Debt Cancellation Prayer

Holy God, I humbly come before you today, seeking your mercy and grace. The weight of my debts burdens me, and I ask for your help in this time of need.

Lord, you are the source of all good things, and I trust in your power and wisdom to guide me through this challenging time. I pray that you will grant me the courage and strength to face my debts with faith and hope.

I ask that you would cancel all my debts in accordance with your will and purpose for my life. I believe you can do the impossible, and I trust in your love and compassion to see me through this trial.

Lord, I also ask that you would help me to make wise financial decisions and to manage my resources in a way that honors you. Show me how to be a good steward of the blessings you have given me, and teach me to be content with what I have.

Above all, I pray that you will help me to trust in your goodness and faithfulness, even in the midst of my struggles. I know that you hear my prayer and that you are at work in my life, even when I cannot see it.

Thank you, Lord, for your unending love and grace. May your name be praised always. Amen.

Ecclesiastes 5:5

It is better that you should not vow than that you should vow and not pay.

debt cancellation prayer point

Prayer Against Debt And Poverty

Our Lord, Creator of all things and Giver of all good gifts, we come before you in awe and reverence, seeking deliverance from debt and poverty, which have plagued our lives for too long.

We acknowledge our financial mistakes and pray for your forgiveness and mercy. We ask for a fresh start, for the grace to manage our finances wisely, and for the wisdom to be good stewards of the resources you provide.

Grant us your provision, O Lord. Open doors of opportunity for us to earn a living, to provide for our families, and to bless others. Give us discernment in all financial matters, and help us to make wise choices.

We declare your promises of provision and abundance over our lives. We trust in your faithfulness and declare that you will supply all our needs according to your riches in glory.

We rebuke the spirit of poverty and lack in our lives in the name of Jesus. We declare that we are blessed and highly favored and that our finances are under your control. We choose to walk in faith, not fear, and to trust in your provision.

Thank you, Lord, for hearing our prayers. We know that you can do immeasurably more than all we ask or imagine, according to your power that is at work within us. We put our trust in you and give you all the glory and honor. Amen.

Ezekiel 18:7

if a man does not oppress anyone, but restores to the debtor his pledge, does not commit robbery, but gives his bread to the hungry and covers the naked with clothing,

prayer point for debt cancellation

Prayer For Financial Abundance

Dear Heavenly Father, I come to you with a heavy heart, burdened by the weight of debt and financial struggle. I know that you are a gracious and loving God, and I humbly ask for your help in this time of need.

Lord, you know the difficulties I have faced, my mistakes, and the challenges that lie ahead. But I trust in your infinite wisdom and infinite grace, and I know that with your help, I can overcome these obstacles and achieve financial freedom.

I pray for your guidance and direction, that you would lead me down the right path and show me the way forward. Help me to be wise and discerning in my financial decisions, to seek counsel and advice when needed, and to be faithful in my stewardship of the resources you have given me.

I also pray for your provision and abundance, that you would bless me with the resources I need to pay off my debts, to provide for my family, and to be a blessing to others. May your blessings overflow in my life, and may I use these blessings to glorify you and to serve others.

Lord, I pray for myself and my brothers and sisters in Christ who may be struggling with debt and financial challenges. May you give them strength, hope, and courage, and may you guide them towards financial freedom and abundance.

Thank you, Lord, for your love, grace, and provision. I trust in your faithfulness and your goodness, and I know that with you by my side, I can overcome any obstacle and achieve financial freedom. In Jesus’ name, I pray. Amen.

Proverbs 22:26

Be not one of those who give pledges, who put up security for debts. If you have nothing with which to pay, why should your bed be taken from under you?

debt cancellation bible verse

Bible Verses for Debt Cancellation

Philippians 4:19

And my God will supply every need of yours according to his riches in glory in Christ Jesus.

prayer for debt cancellation

Psalms 37:21

The wicked borrow and do not repay, but the righteous give generously;

prayers for debt cancellation

Timothy 6:10

For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

prayers for debt cancellation

Job 24:9

The fatherless child is snatched from the breast; the infant of the poor is seized for a debt.

prayer point for debt cancellation

Matthew 18:32

Then summoning him, his lord *said to him, ‘You wicked slave, I forgave you all that debt because you pleaded with me.

prayer about debt cancellation

Deuteronomy 28:1

If you fully obey the LORD your God and carefully follow all his commands I give you today, the LORD your God will set you high above all the nations on earth.

prayers for debt cancellation

Timothy 5:8

Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.

prayer about debt cancellation

Amos 2:8

They lie down beside every altar on garments taken in pledge. In the house of their god they drink wine taken as fines.

prayers for debt cancellation

Proverbs 11:15

Whoever puts up security for a stranger will surely suffer, but whoever refuses to shake hands in pledge is safe.

prayer point for debt cancellation

Samuel 22:2

All those who were in distress or in debt or discontented gathered around him, and he became their commander. About four hundred men were with him.

prayers for debt cancellation

Matthew 18:27

The servant’s master took pity on him, canceled the debt and let him go.

prayers for debt cancellation

Luke 11:4

‘And forgive us our sins, For we ourselves also forgive everyone who is indebted to us. And lead us not into temptation.’

prayer point for debt cancellation

Job 22:6

You demanded security from your relatives for no reason; you stripped people of their clothing, leaving them naked.

prayer point for debt cancellation

Prayer Points for Debt Cancellation

  • Pray that God will cancel all your debts and set you free from the burden of financial struggles.
  • Pray for debt cancellation and to be debt-free.
  • Pray for supernatural provisions to pay off your debts.
  • Pray for any hindrances or generational curses to be broken in Jesus’ name.
  • Pray for wisdom and guidance in financial decisions.
  • Pray for a heart of gratitude and contentment in financial struggles.
  • Pray for the wisdom and guidance to make sound financial decisions to help you get out of debt.
  • Pray that God will provide you with the necessary resources to pay off your debts and achieve financial freedom.
  • Pray for the strength and determination to persevere through the challenges of debt cancellation.
  • Pray that God will open up new opportunities to increase your income and reduce your expenses.
  • Pray for the faith and trust to rely on God’s provision and to be content with what you have.
  • Pray that God will use your experiences of debt cancellation to help and inspire others facing similar struggles.
  • Pray that all your debts vanish in thin air, freeing you from the shackles of financial strife.

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