1. When my debt to God was resting on my soul,
And I trod the downward road,
I looked up to Him who died to make men whole,
And He cancelled the debt I owed.

Refrain
Jesus cancelled the debt I owed,
Jesus lifted the mighty load;
Grace divine touched my soul and made me whole,
When He cancelled the debt I owed.

2. My account was great, I knew I could not pay,
I bowed ’neath the heavy load;
Jesus paid my debt, I love Him more each day,
For He cancelled the debt I owed. [Refrain]

3. Gratitude to Him has turned my heart to praise,
I’m grateful for gifts bestowed;
And my song will flow thro’ all the coming days,
For He cancelled the debt I owed. [Refrain]

4. When I stand alone and face the setting sun,
And darkness obscures the road,
He will guide me home and say to me, Well done,
For He cancelled the debt I owed. [Refrain]