I am poor, I am spent
I am filled with much regret
From what I've done
From where I've come
And what I owe is above my head
And my account has nothing left

My debt
It is nailed to the cross
It is all gone
My life has been bought
My debt
It is nailed to the cross
It is all gone
He has paid every cost
It is all gone
It is nailed to the cross

He gave all, everything
And took my place that I would be free
To see what he's done
To know why he's come
That what I owe is upon his head
For my account, my savior bled

This record of my sin is cancelled now
All that I stood against has fallen down
Before him now

My debt
It is nailed to the cross
It is all gone
My life has been bought
My debt
It is nailed to the cross
It is all gone
It is all gone