It should be noted that the statement “have more interest to deduct” is referring to not just any interest, but interest that can be written off on your tax form to lower your income. This is typically mortgage interest. Interest you pay on credit cards or a car loan is not deductible. Bottom line, avoiding debt is the best course of action.
And admonished them in order to turn them back to Your law. Yet they acted arrogantly and did not listen to Your commandments but sinned against Your ordinances, By which if a man observes them he shall live. And they turned a stubborn shoulder and stiffened their neck, and would not listen. “However, You bore with them for many years, And admonished them by Your Spirit through Your prophets, Yet they would not give ear. Therefore You gave them into the hand of the peoples of the lands.
Nehemiah 9:29-30