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 you shall make a release. And this is the manner of the release: Every creditor that lends anything unto his neighbor shall release it; he shall not exact it of his neighbor, or of his brother; because it is called the LORD'S release. read more. Of a foreigner you may exact it again: but that which you lend to your brother your hand shall release; Except when there shall be no poor among you; for the LORD shall greatly bless you in the land which the LORD your God gives you for an inheritance to possess it: Only if you carefully hearken unto the voice of the LORD your God, to observe to do all these commandments which I command you this day. For the LORD your God blesses you, as he promised you: and you shall lend unto many nations, but you shall not borrow; and you shall reign over many nations, but they shall not reign over you. If there be among you a poor man of one of your brethren within any of your gates in your land which the LORD your God gives you, you shall not harden your heart, nor shut your hand from your poor brother:
If there be among you a poor man of one of your brethren within any of your gates in your land which the LORD your God gives you, you shall not harden your heart, nor shut your hand from your poor brother: But you shall open your hand wide unto him, and shall surely lend him sufficient for his need, in that which he lacks. read more. Beware that there be not a thought in your wicked heart, saying, The seventh year, the year of release, is at hand; and your eye be evil against your poor brother, and you give him nothing; and he cries unto the LORD against you, and it be sin in you. You shall surely give to him, and your heart shall not be grieved when you give unto him: because for this thing the LORD your God shall bless you in all your works, and in all that you put your hand unto. For the poor shall never cease out of the land: therefore I command you, saying, you shall open your hand wide unto your brother, to your poor, and to your needy, in your land.
He that puts not out his money at interest, nor takes reward against the innocent. He that does these things shall never be moved.
He is ever merciful, and lends; and his descendants are blessed.
He that by usury and unjust gain increases his substance, he shall gather it for him that will pity the poor.
He that has not lent money for interest, neither has taken any increase, that has withdrawn his hand from iniquity, has executed true justice between man and man,
Has lent money for interest, and has taken increase: shall he then live? he shall not live: he has done all these abominations; he shall surely die; his blood shall be upon him.
That has withheld his hand from the poor, that has not received from money interest nor increase, has executed my judgments, has walked in my statutes; he shall not die for the iniquity of his father, he shall surely live.
In you have they taken bribes to shed blood; you have taken interest and increase, and you have greedily gained from your neighbors by extortion, and have forgotten me, says the Lord GOD.
Give to him that asks you, and from him that would borrow of you turn not away.
Hastings
DEBT
1. In OT.
See Verses Found in Dictionary
If you lend money to any of my people who is poor among you, you shall not be to him as a lender, neither shall you charge him interest.
And six years you shall sow your land, and shall gather in the fruits of it:
Take you no interest from him, or profit: but fear your God; that your brother may live with you.
You shall not charge interest to your brother; interest on money, interest on food, interest on anything that is lent for interest:
When you do lend your brother anything, you shall not go into his house to get his pledge.
The LORD shall open unto you his good treasure, the heaven to give the rain unto your land in its season, and to bless all the work of your hand: and you shall lend unto many nations, and you shall not borrow.
He shall lend to you, and you shall not lend to him: he shall be the head, and you shall be the tail.
Now there cried a certain woman of the wives of the sons of the prophets unto Elisha, saying, Your servant my husband is dead; and you know that your servant did fear the LORD: and the creditor has come to take unto him my two sons to be slaves. And Elisha said unto her, What shall I do for you? tell me, what have you in the house? And she said, Your handmaid has not anything in the house, except a pot of oil. read more. Then he said, Go, borrow you vessels outside of all your neighbors, even empty vessels; borrow not a few. And when you are come in, you shall shut the door upon you and upon your sons, and shall pour out into all those vessels, and you shall set aside that which is full. So she went from him, and shut the door upon her and upon her sons, who brought the vessels to her; and she poured out. And it came to pass, when the vessels were full, that she said unto her son, Bring me yet a vessel. And he said unto her, There is not a vessel more. And the oil stopped flowing. Then she came and told the man of God. And he said, Go, sell the oil, and pay your debt, and live you and your children from the rest.
And if the people of the land bring in wares or any grain on the sabbath day to sell, that we would not buy it from them on the sabbath, or on the holy day: and that we would forego the crops of the seventh year, and the exaction of every debt.
They drive away the donkey of the fatherless, they take the widow's ox for a pledge.
He that puts not out his money at interest, nor takes reward against the innocent. He that does these things shall never be moved.
The wicked borrows, and pays not again: but the righteous shows mercy, and gives.
The wicked borrows, and pays not again: but the righteous shows mercy, and gives.
He that has pity upon the poor lends unto the LORD; and that which he has given will he pay him again.
The rich rules over the poor, and the borrower is servant to the lender.
He that by usury and unjust gain increases his substance, he shall gather it for him that will pity the poor.
And it shall be, as with the people, so with the priest; as with the servant, so with his master; as with the maid, so with her mistress; as with the buyer, so with the seller; as with the lender, so with the borrower; as with the creditor, so with the debtor.
Thus says the LORD, Where is the bill of your mother's divorcement, whom I have put away? or which of my creditors is it to whom I have sold you? Behold, for your iniquities have you sold yourselves, and for your transgressions is your mother put away.
Woe is me, my mother, that you have borne me a man of strife and a man of contention to the whole earth! I have neither lent for interest, nor men have lent to me for interest; yet everyone of them does curse me.
And forgive us our debts, as we forgive our debtors.
Therefore is the kingdom of heaven likened unto a certain king, who would take account of his servants.
Therefore is the kingdom of heaven likened unto a certain king, who would take account of his servants.
You ought therefore to have put my money to the exchangers, and then at my coming I should have received my own with interest.
And if you lend to them of whom you hope to receive, what thanks have you? for sinners also lend to sinners, to receive as much again. But love your enemies, and do good, and lend, hoping for nothing in return; and your reward shall be great, and you shall be the children of the Highest: for he is kind unto the unthankful and to the evil.
There was a certain creditor who had two debtors: the one owed five hundred pence, and the other fifty.
So he called every one of his lord's debtors unto him, and said unto the first, How much owe you unto my lord?
Why then gave not you my money into the bank, that at my coming I might have required my own with interest?
Blotting out the handwriting of ordinances that was against us, which was contrary to us, and took it out of the way, nailing it to his cross;