The good news is that God has a plan of redemption to pay the penalty for your sin.

Jesus already suffered the penalty of your sin on the cross. 

John 3:16
For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life.
NKJV

Phil 2:8
And being found in appearance as a man, He humbled Himself and became obedient to the point of death, even the death of the cross.
NKJV

1 Cor 1:18
For the message of the cross is foolishness to those who are perishing, but to us who are being saved it is the power of God.
NKJV