What verse in the Bible says Do Not loan money?
Proverbs 22:7 states, "The rich rules over the poor, and the borrower becomes the lender's slave." This verse warns against the dangers of lending money, particularly to those who are already in debt. The borrower may become enslaved to the lender, as they are obligated to repay the loan with interest. This can lead to financial hardship and exploitation.
Related Questions and Answers
- What are the consequences of lending money? The borrower may become enslaved to the lender and experience financial hardship.
- What does the Bible say about lending money to the poor? Proverbs 22:7 warns against lending money to the poor, as it can lead to their enslavement.
- Is it a sin to lend money with interest? The Bible does not explicitly forbid lending money with interest, but it does warn against usury, or excessive interest rates.
- What are the alternatives to lending money? Consider giving a gift or offering a loan with no interest or repayment obligation.
- What should I do if I am struggling to repay a loan? Seek professional financial advice or consider debt consolidation or bankruptcy as a last resort.
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