The old account is the sinful nature. This was settled a long time ago on the cross when Jesus died and was resurrected. As a born-again Christian, you need not live in the past, a settled account means it is paid in full; nothing overdue, and nothing owed. Everyone who understands this must know that they ought to look forward and not at the things behind. The past is over, there is all newness of life in Christ. "Therefore if any man be in Christ, he is a new creature: old things are passed away; behold, all things become new" (2 Corinthians 5:17).
We are a chosen vessel of God and it was nothing of our doing, he called us before the foundation of the world. “According as he hath chosen us in him before the foundation of the world, that we should be holy and without blame before him in love:” (King James Bible, 1769/2017, Ephesians 1:4). God chose to bless us in Christ Jesus and gave us a heart to believe. “Ye are my witnesses, saith the LORD, and my servant whom I have chosen: that ye may know and believe me, and understand that I am he: before me there was no God formed, neither shall there be after me” (Isaiah 43:10). We can’t take no credit for God’s work; it is his grace that made us who we are. “For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast” (Ephesians 2:8-9). In all that we do, we must remember that God loved us before we were saints. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us” (Roma...
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