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We explore some of the biblical passages about collateral in the section, “Bankruptcy, debt forgiveness and loan modification”. The mainstream Christian view is that using your house as collateral for a loan is not contrary to biblical teaching.
Bankruptcy, Debt Forgiveness, and Loan Modification. Article / Produced by TOW Project. The created foundations of finance include our creation as social beings who take risk and do not know what the future holds. Inevitably, this will lead to cases where the loans cannot be repaid.
After the death of Saul, when David had returned from striking down the Amalekites, David remained two days in Ziklag. And on the third day, behold, a man came from Saul's camp, with his clothes torn and dirt on his head. And when he came to David, he fell to the ground and paid homage.
26 Ιουν 2018 · A mortgage is a form of personal debt. In the Law, the Lord allowed Israel to incur debts and extend credit to one another so long as they didn’t charge usury interest (e.g., Exodus 22:25; Leviticus 25:36). But Jews could charge interest on a loan made to a Gentile (see Deut 23:20).
100 Bible Verses about Borrowing Money. Psalm 37:21 ESV / 362 helpful votes. Helpful. Not Helpful. The wicked borrows but does not pay back, but the righteous is generous and gives; Proverbs 22:7 ESV / 344 helpful votes. Helpful. Not Helpful. The rich rules over the poor, and the borrower is the slave of the lender.
Biblical exegetes stress that discretion in giving and lending in Matthew 5:42 remains with the person who gives or lends. We do not need to loan whatever is asked. Bruner (2004) emphasizes this point as, “What? A knife to a murderer?” (p. 257). A right reaction is called for to any request for a loan. As Nolland (2005) expresses it,
25 Αυγ 2022 · One of the more prominent Christian voices against debt forgiveness, Albert Mohler, claimed that student loan forgiveness is a violation of justice and a “moral hazard,” as it incentivizes bad...
