Reference: Debt
Easton
The Mosaic law encouraged the practice of lending (De 15:7; Ps 37:26; Mt 5:42); but it forbade the exaction of interest except from foreigners. Usury was strongly condemned (Pr 28:8; Eze 18:8,13,17; 22:12; Ps 15:5). On the Sabbatical year all pecuniary obligations were cancelled (De 15:1-11). These regulations prevented the accumulation of debt.
See Verses Found in Dictionary
At the end of every seven years there is to be a general forgiveness of debt. This is how it is to be done: every creditor is to give up his right to whatever he has let his neighbour have; he is not to make his neighbour, his countryman, give it back; because a general forgiveness has been ordered by the Lord. read more. A man of another nation may be forced to make payment of his debt, but if your brother has anything of yours, let it go; But there will be no poor among you; for the Lord will certainly give you his blessing in the land which the Lord your God is giving you for your heritage; If only you give ear to the voice of the Lord your God, and take care to keep all these orders which I give you today. For the Lord your God will give you his blessing as he has said: you will let other nations have the use of your money, but you will not make use of theirs; you will be rulers over a number of nations, but they will not be your rulers. If in any of your towns in the land which the Lord your God is giving you, there is a poor man, one of your countrymen, do not let your heart be hard or your hand shut to him;
If in any of your towns in the land which the Lord your God is giving you, there is a poor man, one of your countrymen, do not let your heart be hard or your hand shut to him; But let your hand be open to give him the use of whatever he is in need of. read more. And see that there is no evil thought in your heart, moving you to say to yourself, The seventh year, the year of forgiveness is near; and so looking coldly on your poor countryman you give him nothing; and he will make an outcry to the Lord against you, and it will be judged as sin in you. But it is right for you to give to him, without grief of heart: for because of this, the blessing of the Lord your God will be on all your work and on everything to which you put your hand. For there will never be a time when there are no poor in the land; and so I give orders to you, Let your hand be open to your countrymen, to those who are poor and in need in your land.
All the day he is ready to have mercy and to give; his children are a blessing.
He who makes his wealth greater by taking interest, only gets it together for him who has pity on the poor.
And has not given his money out at interest or taken great profits, and, turning his hand from evil-doing, has kept faith between man and man,
And has given out his money at interest and taken great profits: he will certainly not go on living: he has done all these disgusting things: death will certainly be his fate; his blood will be on him.
Who has kept his hand from evil-doing and has not taken interest or great profits, who has done my orders and been guided by my rules: he will certainly not be put to death for the evil-doing of his father; life will certainly be his.
In you they have taken rewards as the price of blood; you have taken interest and great profits, and you have taken away your neighbours' goods by force, and have not kept me in mind, says the Lord.
Give to him who comes with a request, and keep not your property from him who would for a time make use of it.
Hastings
DEBT
1. In OT.
See Verses Found in Dictionary
If you let any of the poor among my people have the use of your money, do not be a hard creditor to him, and do not take interest.
For six years put seed into your fields and get in the increase;
Take no interest from him, in money or in goods, but have the fear of your God before you, and let your brother make a living among you.
Do not take interest from an Israelite on anything, money or food or any other goods, which you let him have
If you let your brother have the use of anything which is yours, do not go into his house and take anything of his as a sign of his debt;
Opening his store-house in heaven, the Lord will send rain on your land at the right time, blessing all the work of your hands: other nations will make use of your wealth, and you will have no need of theirs.
He will let you have his wealth at interest, and will have no need of yours: he will be the head and you the tail.
Now a certain woman, the wife of one of the sons of the prophets, came crying to Elisha and said, Your servant my husband is dead; and to your knowledge he was a worshipper of the Lord; but now, the creditor has come to take my two children as servants in payment of his debt. Then Elisha said to her, What am I to do for you? say now, what have you in the house? And she said, Your servant has nothing in the house but a pot of oil. read more. Then he said, Go out to all your neighbours and get vessels, a very great number of them. Then go in, and, shutting the door on yourself and your sons, put oil into all these vessels, putting on one side the full ones. So she went away, and when the door was shut on her and her sons, they took the vessels to her and she put oil into them. And when all the vessels were full, she said to her son, Get me another vessel. And he said, There are no more. And the flow of oil was stopped. So she came to the man of God and gave him word of what she had done. And he said, Go and get money for the oil and make payment of your debt, and let the rest be for the needs of yourself and your sons.
And if the peoples of the lands come to do trade in goods or food on the Sabbath day, that we would do no trade with them on the Sabbath or on a holy day: and that in the seventh year we would take no payment from any debtor.
They send away the ass of him who has no father, they take the widow's ox for debt.
The sinner takes money and does not give it back; but the upright man has mercy, and gives to others.
The sinner takes money and does not give it back; but the upright man has mercy, and gives to others.
He who has pity on the poor gives to the Lord, and the Lord will give him his reward.
The man of wealth has rule over the poor, and he who gets into debt is a servant to his creditor.
He who makes his wealth greater by taking interest, only gets it together for him who has pity on the poor.
And it will be the same for the people as for the priest; for the servant as for his master; and for the woman-servant as for her owner; the same for the one offering goods for a price as for him who takes them; the same for him who gives money at interest and for him who takes it; the same for him who lets others have the use of his property as for those who make use of it.
This is the word of the Lord: Where is the statement which I gave your mother when I put her away? or to which of my creditors have I given you for money? It was for your sins that you were given into the hands of others, and for your evil-doing was your mother put away.
Sorrow is mine, my mother, because you have given birth to me, a cause of fighting and argument in all the earth! I have not made men my creditors and I am not in debt to any, but every one of them is cursing me.
And make us free of our debts, as we have made those free who are in debt to us.
For this reason the kingdom of heaven is like a king, who went over his accounts with his servants.
For this reason the kingdom of heaven is like a king, who went over his accounts with his servants.
Why, then, did you not put my money in the bank, and at my coming I would have got back what is mine with interest?
And if you let those have the use of your money, from whom you are hoping to get it back, what credit is it to you? even sinners do so to sinners, hoping to get back as much as they gave. But be loving to those who are against you and do them good, and give them your money, not giving up hope, and your reward will be great and you will be the sons of the Most High: for he is kind to evil men, and to those who have hard hearts.
And he said, Two men were in debt to a certain man of business: one had a debt of five hundred pence, and the other of fifty.
And sending for every one who was in debt to his lord he said to the first, What is the amount of your debt to my lord?
Why then did you not put my money in a bank, so that when I came I would get it back with interest?
Having put an end to the handwriting of the law which was against us, taking it out of the way by nailing it to his cross;