Thematic Bible: Credit system
Thematic Bible
Credit system » Debts » Suretyship, (indorsement), the dangers of
My son, if you guarantee a loan for your neighbor, if you have agreed to a deal with a stranger, trapped by your own words, and caught by your own words,
The righteousness of the innocent creates a level path, but the wicked fall by their wickedness.
A man who lacks sense cosigns a loan, becoming a guarantor for his neighbor.
Take the garment of anyone who puts up collateral for a stranger; hold it in pledge if he does it for an unfamiliar woman.
Take the coat of anyone who puts up security for a stranger; hold it in pledge if he cosigns for an immoral woman.
Credit system » Debts » Usury, forbidden
"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.
So after thinking it over carefully, I accused the officials and nobles openly, "Every one of you is charging your fellow countrymen interest!" So I opened a public investigation against them.
Whoever gains wealth by charging exorbitant interest collects it for someone who is kind to the poor.
You are not to take interest or profit from him. Instead, you are to fear your God and let your relative live with you.
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.
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,
Credit system » Borrowing
Give to the person who asks you for something, and do not turn away from the person who wants to borrow something from you."
The wealthy rule over the poor, and anyone who borrows is a slave to the lender.
The wicked borrow but never pay back; but the righteous are generous and give.
"When a man borrows an animal from his neighbor, and it's injured or dies while its owner was not with it, he is certainly to make restitution.
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.
It happened that as one of them was felling a beam, his axe head fell into the water. He cried out, "Oh no! Master! The axe was on loan to me!"
Credit system » Lending encouraged
Give to the person who asks you for something, and do not turn away from the person who wants to borrow something from you."
Instead, be sure to open your hand to him and lend him enough to lessen his need.
It is good for the person who lends generously, conducting his affairs with fairness.
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.
Credit system » Debts » Pledges » Laws concerning
"After all, you've taken collateral from your relatives for no reason; you stripped the naked of their clothing.
If you take your neighbor's coat as collateral, you are to return it to him by sunset,
"Don't take a pair of millstones, especially the upper millstone, as collateral for a loan, because this means taking a man's livelihood.
They drive away the orphan's donkey; they take the ox of the widow as security for a loan;
They lay down beside every altar, on garments pledged as collateral, drinking wine paid for through fines imposed by the temple of their gods.
Credit system » Creditors, general references to
"Don't take a pair of millstones, especially the upper millstone, as collateral for a loan, because this means taking a man's livelihood.
They drive away the orphan's donkey; they take the ox of the widow as security for a loan;
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!"
Credit system » Debts » Insolvency acknowledged
When he had begun to settle the accounts, a person who owed him 10,000 talents was brought to him. Because he couldn't pay, his master ordered him, his wife, his children, and everything that he owned to be sold so that payment could be made.
Credit system » Debts » Secured by mortgages
Others were saying, "We're having to mortgage our fields, our vineyards, and our homes so we can buy grain during this famine."
Credit system » Debts » Fraudulent settlement of
"So he called for each of his master's debtors. He asked the first, "How much do you owe my master?' The man replied, "A hundred jars of olive oil.' The manager told him, "Get your bill. Sit down quickly and write "50."'
Credit system » Debts » Not to be repudiated
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."
Credit system » Debts » Obligation to pay
Do not owe anyone anything except to love one another. For the one who loves another has fulfilled the Law.