Parshat Mishpatim: What the Bible Says About Money Lending

Parshat Mishpatim: What the Bible Says About Money Lending

Laws of lending money to the poor as found in Exodus 22:25 state:  “If you lend money to my people, to the poor among you, do not act as a creditor.  You may not charge them interest.”

 

The video then asks “How is charging interest on a loan like a snake bite?”

For one thing, the word for interest in Hebrew sounds a lot like the word for snake-bite.

Secondly, Interest is like a tiny snake bite from which you may not recover. When someone who is poor has to pay back more than they borrowed, bit by bit the individual may never be able to come out of debt.

God who has been good to us, requires us to be good to others.

Written by Rina Goldhagen

 

Related Articles

More From Gelt

Oh No! It's Not Taxes Again!

Well, tax time is here again and it strikes fear in the hearts of many Americans.
Oh No! It's Not Taxes Again!

Emotion Based Debt

We need to understand our relationship with money and buying habits to discover any hidden…
Emotion Based Debt
Bride and Groom Holding Hands

If You Are Super Broke - Weddings

If you have a small budget and are planning on getting married -- or just planning to invest a…
If You Are Super Broke - Weddings
Amazing Financial Facts

Amazing Financial Facts

Have you ever wondered what percentage of Americans can cover unexpected expenses of…
Amazing Financial Facts

Easy Gain Easy Loss

If you want financial advice the wise King Solomon once said this, “Money that comes easily…
Easy Gain Easy Loss

Bargains!!! Bargains!?!

It's on Sale!!!! So we better stock up on this item as much as we can before this "great" deal…
Bargains!!! Bargains!?!

Don’t Get Scammed

 It is unbelievable what some thieves are up to. We just have to chuckle at the number of…
Don’t Get Scammed

Shoppers Unite

Did you know that shopping is a science? At least it is to the modern business retailer who not…
Shoppers Unite

Excuses...Excuses...Excuses

We sometimes make excuses for our shortcomings and human frailties and this failing can be more…
Excuses...Excuses...Excuses

Produce Shopping

It is nice to have some fresh produce in the house. Trading canned or dried foods in for the…
Produce Shopping

Tender Loving Care of Life

Renowned business leader Peter Drucker said, “Nothing else distinguishes effective executives…
Tender Loving Care of Life

Are You Ready to be 100?

Increasingly, 100 year-olds are making the news.Two years ago Emma Hendrickson became the…
Are You Ready to be 100?

Time Well Spent

A lot of people are concerned about their health these days and about the cost of plant-based…
Time Well Spent

Outside the Box Finances

A number of years ago I read a delightful story about a highway traffic problem in which an…
Outside the Box Finances

Credit Card Quiz

For the first time in a number of years, the American Congress has recently passed new reforms…
Credit Card Quiz

Publish the Menu module to "offcanvas" position. Here you can publish other modules as well.
Learn More.


donation