Describe the Bible’s views regarding lending from both a lender’s perspective and a borrower’s perspective.

Week 7 project business dialogue | enterprise regulation | Regent College

The Bible acknowledges the ability of lending from each a lender’s and borrower’s perspective. It encourages honest lending practices for lenders, emphasizing that loans shouldn’t be made with malicious intent or as a method of exploiting these in want. The Bible teaches that lenders ought to act compassionately, understanding that debtors might face monetary hardship and subsequently mustn’t demand curiosity funds from them (Deuteronomy 23:19-20).

The Bible additionally encourages kindness in direction of debtors by prohibiting calls for for compensation which can be too oppressive or excessive (Exodus 22:25–27). In instances the place a mortgage is defaulted on, the lender is commanded to forgive the debt if doable (Proverbs 21:13).

In the case of debtors, the Bible emphasizes private duty when making selections about borrowing cash. It advises avoiding taking out loans except completely vital, as money owed can result in better struggling resulting from curiosity accumulations. Furthermore, any contracts signed between each events should be saved in good religion and all guarantees relating to compensation should be honored – even when they develop into tough to maintain up with over time (Ecclesiastes 5:5). Finally, God needs us all to observe knowledge when partaking in such transactions; this contains being aware of the phrases of any settlement entered into earlier than signing off on them.