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.
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At the end of every seven years you must declare a cancellation of debts. This is the nature of the cancellation: Every creditor must remit what he has loaned to another person; he must not force payment from his fellow Israelite, for it is to be recognized as "the Lord's cancellation of debts." read more. You may exact payment from a foreigner, but whatever your fellow Israelite owes you, you must remit. However, there should not be any poor among you, for the Lord will surely bless you in the land that he is giving you as an inheritance, if you carefully obey him by keeping all these commandments that I am giving you today. For the Lord your God will bless you just as he has promised; you will lend to many nations but will not borrow from any, and you will rule over many nations but they will not rule over you. If a fellow Israelite from one of your villages in the land that the Lord your God is giving you should be poor, you must not harden your heart or be insensitive to his impoverished condition.
If a fellow Israelite from one of your villages in the land that the Lord your God is giving you should be poor, you must not harden your heart or be insensitive to his impoverished condition. Instead, you must be sure to open your hand to him and generously lend him whatever he needs. read more. Be careful lest you entertain the wicked thought that the seventh year, the year of cancellation of debts, has almost arrived, and your attitude be wrong toward your impoverished fellow Israelite and you do not lend him anything; he will cry out to the Lord against you and you will be regarded as having sinned. You must by all means lend to him and not be upset by doing it, for because of this the Lord your God will bless you in all your work and in everything you attempt. There will never cease to be some poor people in the land; therefore, I am commanding you to make sure you open your hand to your fellow Israelites who are needy and poor in your land.
He does not charge interest when he lends his money. He does not take bribes to testify against the innocent. The one who lives like this will never be upended.
All day long he shows compassion and lends to others, and his children are blessed.
The one who increases his wealth by increasing interest gathers it for someone who is gracious to the needy.
does not engage in usury or charge interest, but refrains from wrongdoing, promotes true justice between men,
engages in usury and charges interest. Will he live? He will not! Because he has done all these abominable deeds he will certainly die. He will bear the responsibility for his own death.
refrains from wrongdoing, does not engage in usury or charge interest, carries out my regulations and follows my statutes. He will not die for his father's iniquity; he will surely live.
They take bribes within you to shed blood. You engage in usury and charge interest; you extort money from your neighbors. You have forgotten me, declares the sovereign Lord.
Give to the one who asks you, and do not reject the one who wants to borrow from you.
Hastings
DEBT
1. In OT.
See Verses Found in Dictionary
"If you lend money to any of my people who are needy among you, do not be like a moneylender to him; do not charge him interest.
"For six years you are to sow your land and gather in its produce.
Do not take interest or profit from him, but you must fear your God and your brother must live with you.
You must not charge interest on a loan to your fellow Israelite, whether on money, food, or anything else that has been loaned with interest.
When you make any kind of loan to your neighbor, you may not go into his house to claim what he is offering as security.
The Lord will open for you his good treasure house, the heavens, to give you rain for the land in its season and to bless all you do; you will lend to many nations but you will not borrow from any.
They will lend to you but you will not lend to them; they will become the head and you will become the tail!
Now a wife of one of the prophets appealed to Elisha for help, saying, "Your servant, my husband is dead. You know that your servant was a loyal follower of the Lord. Now the creditor is coming to take away my two boys to be his servants." Elisha said to her, "What can I do for you? Tell me, what do you have in the house?" She answered, "Your servant has nothing in the house except a small jar of olive oil." read more. He said, "Go and ask all your neighbors for empty containers. Get as many as you can. Go and close the door behind you and your sons. Pour the olive oil into all the containers; set aside each one when you have filled it." So she left him and closed the door behind her and her sons. As they were bringing the containers to her, she was pouring the olive oil. When the containers were full, she said to one of her sons, "Bring me another container." But he answered her, "There are no more." Then the olive oil stopped flowing. She went and told the prophet. He said, "Go, sell the olive oil. Repay your creditor, and then you and your sons can live off the rest of the profit."
We will not buy on the Sabbath or on a holy day from the neighboring peoples who bring their wares and all kinds of grain to sell on the Sabbath day. We will let the fields lie fallow every seventh year, and we will cancel every loan.
They drive away the orphan's donkey; they take the widow's ox as a pledge.
He does not charge interest when he lends his money. He does not take bribes to testify against the innocent. The one who lives like this will never be upended.
Evil men borrow, but do not repay their debt, but the godly show compassion and are generous.
Evil men borrow, but do not repay their debt, but the godly show compassion and are generous.
The one who is gracious to the poor lends to the Lord, and the Lord will repay him for his good deed.
The rich rule over the poor, and the borrower is servant to the lender.
The one who increases his wealth by increasing interest gathers it for someone who is gracious to the needy.
Everyone will suffer -- the priest as well as the people, the master as well as the servant, the elegant lady as well as the female attendant, the seller as well as the buyer, the borrower as well as the lender, the creditor as well as the debtor.
This is what the Lord says: "Where is your mother's divorce certificate by which I divorced her? Or to which of my creditors did I sell you? Look, you were sold because of your sins; because of your rebellious acts I divorced your mother.
I said, "Oh, mother, how I regret that you ever gave birth to me! I am always starting arguments and quarrels with the people of this land. I have not lent money to anyone and I have not borrowed from anyone. Yet all of these people are treating me with contempt."
and forgive us our debts, as we ourselves have forgiven our debtors.
"For this reason, the kingdom of heaven is like a king who wanted to settle accounts with his slaves.
"For this reason, the kingdom of heaven is like a king who wanted to settle accounts with his slaves.
Then you should have deposited my money with the bankers, and on my return I would have received my money back with interest!
And if you lend to those from whom you hope to be repaid, what credit is that to you? Even sinners lend to sinners, so that they may be repaid in full. But love your enemies, and do good, and lend, expecting nothing back. Then your reward will be great, and you will be sons of the Most High, because he is kind to ungrateful and evil people.
"A certain creditor had two debtors; one owed him five hundred silver coins, and the other fifty.
So he contacted his master's debtors one by one. He asked the first, 'How much do you owe my master?'
Why then didn't you put my money in the bank, so that when I returned I could have collected it with interest?'
He has destroyed what was against us, a certificate of indebtedness expressed in decrees opposed to us. He has taken it away by nailing it to the cross.