EZ Credit

Psalms 37:21 (KJV) The wicked borroweth, and payeth not again: but the righteous sheweth mercy, and giveth.

(Proverbs 26 also read)

A recurring theme in scripture is the danger of being a borrower, and even in the danger of being a lender.  In the Old Testament law, I believe Jews were forbidden from lending at interest to their fellow Jews.  They were allowed to charge interest to foreigners, strangers, sojourners, and such, but not the Jews.  Jews were their family and you don’t take advantage of family

I don’t know if I’m on solid ground, but I think this would refer to loaning money to people who are going through hard times and can’t buy food for the children.  I don’t know that it refers to business deals.  Loaning money to someone going into business in order to make a profit, seems legitimate, but I’m not sure the Bible makes that exception.

So?  As believers we are to give, not loan.  Generally when people have asked me to borrow money because they’re in need I will take this approach.  If I have it, I will tell them it is a gift.  If they want to someday give me a gift back that’s fine, but they are under no burden.  If I can’t afford it, I say so.  I think that’s the way the Bible wants us to do it.