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
"You must cancel your debts at the end of every seventh year. This is the way to conduct remission: every creditor must cancel the loan that his friend borrowed, and he must not pressure his friend or brother to repay it, because remission to the LORD will be proclaimed. read more. You may exact payment from a foreigner, but cancel whatever your brother owes you. Moreover, there will be no poor person among you, for the LORD will surely bless you in the land that he is about to give you to possess. Only be certain to obey the voice of the LORD your God. Carefully observe all of these commands that I'm commanding to you today. For the LORD your God will bless you just as he promised. You are to lend to many nations but not borrow. Also, you will rule over many nations, but they will not rule over you." "If there should be a poor man among your relatives in one of the cities of the land that the LORD your God is about to give you, don't be hard-hearted or tight-fisted toward your poor relative.
"If there should be a poor man among your relatives in one of the cities of the land that the LORD your God is about to give you, don't be hard-hearted or tight-fisted toward your poor relative. Instead, be sure to open your hand to him and lend him enough to lessen his need. read more. Be careful not to think this wicked thought to yourselves: "The seventh year, the year of remission, is drawing near,' and you show ill will toward your poor relative and not give to him. He may then call to the LORD on account of you, and you will be guilty of sin. You must certainly give to him and not feel regret for doing so. Because of this, the LORD your God will bless all your works and everything you do. Since poor people won't cease to exist in the land, therefore I'm commanding you: Be sure to be generous to your poor and needy relatives in your land."
who does not loan his money with interest, and who does not take a bribe against those who are innocent. The one who does these things will stand firm forever. A special Davidic Psalm.
Every day he is generous, lending freely, and his descendants are blessed.
Whoever gains wealth by charging exorbitant interest collects it for someone who is kind to the poor.
if he doesn't lend with usury or exact interest, but instead refuses to participate in what is unjust, if he administers true justice between people,
loans with usury, and exacts interest; will he live? He certainly will not! He has done all these detestable practices. He will certainly die, and his guilt will be his own fault."
doesn't refuse to help the afflicted, or refuses to loan with usury or exact interest, but instead follows my ordinances and lives his life consistent with my statutes. He won't die because of his father's sin, will he? No! He'll certainly live.
They take bribes among you to shed blood. You've taken usury and exacted interest. You've gained control over your neighbor through extortion. And you've forgotten me," declares the Lord GOD.
Give to the person who asks you for something, and do not turn away from the person who wants to borrow something from you."
Hastings
DEBT
1. In OT.
See Verses Found in Dictionary
"If you loan money to my people, to the poor among you, don't be like a creditor to them and don't impose interest on them.
"You are to sow your land and gather its crops for six years,
You are not to take interest or profit from him. Instead, you are to fear your God and let your relative live with you.
"Don't charge interest to your relatives, whether for money, food, or for anything that has been loaned at interest.
"When you loan something to your neighbor, don't enter his house to seize what he offered as collateral.
"The LORD will open his rich treasury, the heavens, to release rain upon your land in season and bless everything you undertake so that you'll lend to many nations but won't borrow.
He will lend to you, but you won't lend to him. He'll be the head, but you'll be the tail.
Now there happened to be a certain woman who had been the wife of a member of the Guild of Prophets. She cried out to Elisha, "My husband who served you has died, and you know that your servant feared the LORD. But a creditor has come to take away my children into indentured servitude!" Elisha responded, "What shall I do for you? Tell me what you have in your house." She replied, "Your servant has nothing in the entire house except for a flask of oil." read more. He told her, "Go out to all of your neighbors in the surrounding streets and borrow lots of pots from them. Don't get just a few empty vessels, either. Then go in and shut the door behind you, taking only your children, and pour oil into all of the pots. As each one is filled, set it aside." So she left Elisha, shut the door behind her and her children, and while they kept on bringing vessels to her, she kept on pouring oil. When the last of the vessels had been filled, she told her son, "Bring me another pot!" But he replied, "There isn't even one pot left." Then the oil stopped flowing. After this, she went and told the man of God what had happened. So he said, "Go sell the oil, pay your debt, and you and your children will be able to live on the proceeds."
As for the people of the land who bring merchandise or grain to sell on the Sabbath day, we will not buy from them on the Sabbath or on any holy day. We will forego planting crops, and we will cancel debts during every seventh year."
They drive away the orphan's donkey; they take the ox of the widow as security for a loan;
who does not loan his money with interest, and who does not take a bribe against those who are innocent. The one who does these things will stand firm forever. A special Davidic Psalm.
The wicked borrow but never pay back; but the righteous are generous and give.
The wicked borrow but never pay back; but the righteous are generous and give.
Whoever is kind to the poor is lending to the LORD the benefit of his gift will return to him in abundance.
The wealthy rule over the poor, and anyone who borrows is a slave to the lender.
Whoever gains wealth by charging exorbitant interest collects it for someone who is kind to the poor.
It will be the same for the lay people as for priests, the same for servants as for their masters, for female servants as for their mistresses, for buyers as for sellers, for lenders as for borrowers, and for creditors as for debtors.
This is what the LORD says: "Where is your mother's certificate of divorce with which I sent her away? Or to which of my creditors did I sell you? Look! It's because of your sins that you were sold, and because of your transgressions that your mother was sent away.
How terrible for me, my mother, that you gave birth to me, a man of strife and contention for the whole land! I've neither lent nor borrowed, yet everyone curses me.
and forgive us our sins, as we have forgiven those who have sinned against us.
"That is why the kingdom from heaven may be compared to a king who wanted to settle accounts with his servants.
"That is why the kingdom from heaven may be compared to a king who wanted to settle accounts with his servants.
Then you should've invested my money with the bankers. When I returned, I would've received my money back with interest.'
If you lend to those from whom you expect to get something back, what thanks do you deserve? Even sinners lend to sinners to get back what they lend. Rather, love your enemies, do good to them, and lend to them, expecting nothing in return. Then your reward will be great, and you will be children of the Most High, because he is kind even to ungrateful and evil people.
"Two men were in debt to a moneylender. One owed him 500 denarii, and the other 50.
"So he called for each of his master's debtors. He asked the first, "How much do you owe my master?'
Then why didn't you put my money in the bank? When I returned, I could have collected it with interest.'
having erased the charges that were brought against us, along with their obligations that were hostile to us. He took those charges away when he nailed them to the cross.