One of the worst feeling that can cause unhappiness aside from guilt, is debt. Whether you borrowed from the bank or an individual, it is bound to affect your psychological and emotional well-being. Debt is the biggest hindrance or obstacle to the financial freedom of man.
When you are indebted to someone, you will not have financial freedom, and whereby you don’t have financial freedom, you remain unhappy and tensed, for fear of being disgraced or embarrassed by your creditors. At that moment, they have some kind of financial control over you, and you’ll find yourself hiding from them for fear of being embarrassed.
Suggested: Prayers for Immediate Financial Blessings.
Having said that, most people lack the right prayer points that can be used for prayers against debt and its cancellation, hence, the reason for this article. We have drafted some of the best prayers for debt cancellation and financial breakthrough to defeat the wicked that intends to be a barrier to your financial freedom.
Prayers for Debt Cancellation and Financial Breakthrough.
♦. Father in Heaven, I thank you for guiding and being with me in tough periods. I acknowledge that I’ve made many despicable financial decisions which I am very ashamed of. I plead for your forgiveness for my wrong decision, and I pray that in your infinite mercy that you stand in my place and settle my debts, so I can have my financial freedom, in Jesus name, amen.
♦. My father my Maker, I surrender myself and all my debt to you, please, I pray that you cancel all the debts I have incurred and guide me to always spend wisely, in Jesus name, Amen.
♦. Every ancestral debt collector that are forcing me to make a payment for what I never bought, I command you to die right now in Jesus name, amen.
♦. Every inherited debt in my generational line, be canceled by fire now, in the name of Jesus.
♦. In the name of Jesus, O you spirit of debts, I am never your candidate and will never be your candidate, therefore, I renounce, deny you, reject you, and decree that you get out from my life forever with all your roots and I cast you right now into the pit of darkness in the name of Jesus.
♦. Father Lord, I have realized my past mistakes, therefore, I plead for your mercy and pray that you provide me with abundant wealth and free me from my debts. Cause me, O Lord to live the rest of my life under your blessing, in Jesus name.
♦. Father Lord, into your merciful hands I commit my heart and whole life, including my financial life, and I declare that you provide me with financial increase and absolute peace, in the name of Jesus. Amen.
♦. O Lord my God, the only enemy I am afraid of is debt and poverty, and I believe that, as I have you and have come to you that you have handled the situation. Grant me wealth O My Father and the strength to keep my enemies and the wicked far away from me and my family, in Jesus name.
♦. Father, in the name of Jesus, I begin to declare an overflow of wealth and financial abundance, and I decree today that poverty has no place around me, in the name of Jesus. Amen.
♦. O God my father, arise and cast out every wicked rock that is placed on my financial destiny, causing me to be a perpetual borrower, in Jesus name.
♦. In the name of Jesus, every evil power from my father’s house that is delegated to destroy me financially, I command you to die by fire, in the name of Jesus.
♦. Every evil and demonic projection of debt in my life, I command it to catch fire, catch fire, and cast away, in the name of Jesus. I pray that as long as my God is not a debtor, henceforth I cease to be a debtor, in Jesus name. Amen
♦. O you evil demons of poverty and penury, I command you in the name of Jesus to delete permanently from my financial destiny in the mighty name of Jesus Christ, AMEN.
♦. O you strange rat, I don’t care where you are sent from, since you are been sent to speak poverty and wretchedness into my life by destroying my finances, in the name of Jesus, I command you to be roasted by the fire of the Holy Ghost, in the name of Jesus.
♦. O you chains of financial limitation and restrictions, I command you in the name of Jesus to break your hold of my financial breakthrough in Jesus name.
♦. In the name of Jesus, I command every effect of a cursed house removed from my life, and effects of curses upon my prosperity be broken in the name of Jesus. Amen.
♦. Every unfamiliar seed planted to obstruct my financial freedom, I decree that you fail to sprout in the name of Jesus.
♦. In the name of Jesus, every word spoken by my foes against my conception, I command it to backfire now.
♦. I command every power that is operating wicked and evil gadgets against my fruitfulness and prosperity to fall down and die in JESUS name.
♦. O you spirit of debt, I bind and cast you away from my life right now in the name of Jesus.
♦. In the name of Jesus, I decree and declare that henceforth, I shall not borrow to feed, I will rather give out to people, in Jesus Christ mighty name, Amen.
♦. I command every demonic debt and credit in my life to be dissolved and wiped out by the blood of Jesus, in the name of Jesus.
♦. In the name of Jesus, I refuse to do any work that is unfruitful and profit me nothing, and that will cause me to borrow, in Jesus name. Amen.
♦. I decree that the Holy Spirit will guide my financial decision-making, and cause every step that I take to be in the right direction, in the name of Jesus.
♦. I pray for your help O lord to settle all my debt and to cancel every potential decision that I will take to borrow, in Jesus name.
♦. In the name of Jesus, I speak favor, and receive favor into my life and everywhere I go to.
♦. Henceforth, I will no longer be a borrower, but I will not only be a lender, but also a giver, because I have an abundance of wealth through Christ Jesus, in Jesus name. Amen.
♦. O my hands, I command you to receive deliverance from debts in the name of Jesus.
♦. Every ancestral spirit of debts that have been passed across to me from generationally, in Jesus name, I command it to be canceled this moment by the blood of Jesus.
♦. I decree that every so-called inherited demonic spirit from my father’s house that is troubling the upward trajectory of my finances, thereby causing a delay in my destiny, be consumed by fire right now, in Jesus name.
♦. O you mountain of debt, sent to program my life into poverty, I command you to be a plain right now in the name of Jesus.
♦. Every evil covenant or debt in my generation linking me with evil ancestral powers, I command you in the name of Jesus, to be settled right now with the blood of Jesus.
♦. O you spirit of debt, holding my parents and family in chains as slaves, you are a liar, I decree in the name of Jesus, that you release your hold upon me and my family and be cast away forever in Jesus name.
♦. O you stronghold of the idol powers of my father’s house over my finances, I command you by fire to be destroyed, in Jesus name.
♦. I command every demonic investment that is projected to eat up my finances and cause delays in my success to catch fire and burn to shreds and without remains, in the mighty name of Jesus Christ, AMEN.
♦. In the name of Jesus, I am delivered from every poison of economic scarcity, lack, and recession in Jesus Christ mighty name, Amen.
♦. Henceforth, I declare promotion and financial favors upon my life. No famine, drought, or recession shall swallow or affect me in the name of Jesus.
♦. In the name of Jesus, I begin to convert every curse upon my life into blessings overflow in the name of Jesus.
♦. Father Lord, I stand today to declare a peaceful economic and financial life to my family and me, in the name of Jesus.
♦. Today, O Lord, by your word, I declare all my debt settled, and I move into my financial freedom in the mighty name of Jesus Christ, AMEN.
Recommended: Short Powerful Midnight Prayers Recommended For You.
What You Should Know about the devises of the Enemies.
As a child of God, you are supposed to be in full control of wealth, and not the other way round. Unfortunately, your enemies have succeeded in reducing you to begging and borrowing for you to survive, which is not supposed to be so, considering you serve a God of abundance, and you share in the abundance of God as a child of God that you are.
Satan and his cohorts, can use debt, no doubt, to crumble a man’s destiny and shatter his life to pieces. However, one of the greatest weapons that can defeat them in prayer. Prayer against debt is one way to save yourself from financial disgrace and embarrassment.
If you want to live a fruitful and prosperous life, then the mountain of debt surrounding you must be moved away. The spirit of financial debt is an arrow from your enemies to disgrace you financially, hence, you need to be ready for them at any time, using one of the greatest weapons, Prayer.
Bible Quotations for Debt Cancellation and Financial Freedom with Bible Verses.
1. “The LORD will send rain at the proper time from his rich treasury in the heavens and will bless all the work you do. You will lend to many nations, but you will never need to borrow from them.” – Deuteronomy 28:12
2. “Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God.” – Phillippians 4:6
3. “And my God shall supply all your need according to His riches in glory by Christ Jesus.” – Phillippians 4:19
4. “Owe no one anything except to love one another, for he who loves another has fulfilled the law.” – Romans 13:8
5. “Bring all the tithes into the storehouse, that there may be food in My house, And try Me now in this,” Says the LORD of hosts, “If I will not open for you the windows of heaven And pour out for you blessing That there will not be room enough to receive it.” – Malachi 3:10.
6. “Now may He who supplies seed to the sower, and bread for food, supply and multiply the seed you have sown and increase the fruits of your righteousness.” – 2 Corinthians 9:10.
7. “Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up.” – Galatians 6:9.
Confessions for Debt Cancellation and Financial Freedom.
Having taken a bold decision to be free from your debt through praying, there is a need to make some confessions, inform of confident affirmations over your financial life. These confirmations come with faith, such that having prayed, you are sure of your solution and miracle.
Here are some of the most inspired and encouraging confessions that accompanies prayer for debt cancellation and financial breakthrough;
- Thank you Lord God for you are my supply and I have in abundance to pay for all my needs.
- The blessing of The Lord has made me rich, and it adds no sorrow with it.
- The angels of The Lord are working on my behalf, bringing my harvest.
- I am led to make wise financial decisions.
- I owe no man anything only to love him in Christ.
- In Jesus name, I am now a lender and not a borrower.
- In the name of Jesus, I am delivered from the curse of poverty and yoke of lack.
- I am richly rewarded for my job. My check multiplies and increases in Jesus’s Name.
- Praise be to Jesus, fro in his name I have conquered satan, and I now have my financial breakthrough.
- In the name of Jesus, the blessing of the Lord overtakes me in all the areas of my life.
- I see myself right now, not being anxious about anything because my God will supply all my needs according to His riches in glory. Amen.
- In Jesus name, I see myself being fruitful and producing fruitful seeds.
- God has given me the power to make wealth and establish his kingdom here on Earth.
- I am a joint heir with Christ.
- God’s will is my prosperity.
- I am now happy and rejoicing because my life is now a testimony. Thank you Jesus, for you alone can save.
- My God makes all grace abound toward me in every favor and earthly blessing so I have all sufficiency for all things and abound to every good work.
- In Jesus Christ mighty name, I am debt-free., and I have gained financial freedom.
- Praise be to God, my debts have been canceled and I am now free.