Usury Laws Prompt:Usury laws limit the amount of interest that can be charged on a loan. The idea is to protect borrowers from excessively high interest rates. However, by limiting the amount of interest that can be charged, some lenders may be unwilling to lend to those borrowers with limited credit histories or bad credit. […]
Tag Archives: Proverbs
What is “co-signing” a loan-What advice does the writer of Proverbs have about the wisdom of co-signing a loan?
The world of finance teaches that borrowing money can be a high-risk, high-reward option. Scripture has some passages that seem to clearly warn people to be cautious about getting into debt. Read the following Scriptures and write a thread of at least 250 words discussing what the Bible does and does not teach about debt. […]
