“At the end of every seven years thou shalt make a release. And this is the manner of the release: Every creditor that lendeth ought unto his neighbor shall release it; he shall not exact it of his neighbor, or of his brother; because it is called the Lord’s release. Of a foreigner thou mayest exact it again: but that which is thine with thy brother thine hand shall relsease; Save when there shall be no poop among you; for the Lord shall greatly bless thee in the land which the Lord thy God giveth thee for an inheritance to possess it: Only if thou carefully hearken unto the voice of the Lord thy God, to observe to do all these commandments which I command thee this day. For the Lord thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.” Deuteronomy 15:1-6
How pertinent a verse. In my opinion, this verse, Old Testament as is it, represents the Biblical view of debt. It is impossible to take literally in our society; however, this passage from Deuteronomy represents the attitude that should surround issues of debt. Being in debt or being a debtor is not a condition that should be entered into without consideration of the well-being of both parties. One should enter into debt out of necessity. One should become a debtor because of a desire to help the needy, not with intentions to turn the hardships of others into a business.