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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.
1 Απρ 2004 · Recovering a Biblical view of lending, debt and interest will be a challenge to a generation that thinks debt is the way to wealth. We need to ask ourselves at times whether we are part of the problem or part of the solution.
as Jesus puts it, it is possible for a loan to become a gift. If a borrower could not repay, s/he may beg to be excused from the loan. Repayment is not to be the criterion by which loans are to be made. This mode of thinking about giving and lending is part of the new paradigm of thought into which Jesus encourages His followers. Witherington
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.
In Deuteronomy 15, God teaches believers to set themselves apart for Him through seven Biblical principles on lending and debt forgiveness. First, you must forgive your debtors, just as God has forgiven your debts.
25 Αυγ 2022 · (RNS) — Wednesday, President Joe Biden announced a sweeping plan to address the US student loan crisis, including provisions for debt forgiveness and an extension of the federal payment pause.
9 Οκτ 2013 · Americans carry an average of $44,000 in mortgages, credit cards, auto loans and other consumer debt. Half of American families have installment loans on purchased goods. Almost half carry a credit card balance averaging around $4,000.