Tag Archives: interest

Usury


Whoever increases wealth by taking interest or profit from the poor
amasses it for another, who will be kind to the poor.
Proverbs 28:8

One of the worst jobs to which someone could devote to is the job of usurer. Usurers are people who are willing to lend money to others who are experiencing financial need ─in some cases as a result of vice─ at a high cost of financing. The interest rate charged by these ruthless individuals is astronomically high, often exceeding eighty times the interest rate on loans from private banks. The poor victim who is only interested in getting out of a quagmire of insolvency does not object to the cost of debt he is incurring. To his regret, after being caught in the Machiavellian obligation, it is very late to pull back and out of the trap in which he has fallen. He is only left with the resignation to pay every month or every week the high cost of the “help” the usurer provided and having to endure the insults and verbal attacks that the usurer will use to get his money back and his revenue. The financial trap of usury is not a nice place to spend one’s life.

Fortunately, the word of God contains many tips and guidelines to properly manage finances according to God’s plans. God has a very dim view of this detestable species of leeches on legs and has prepared for them severe consequences in this life and in the upcoming judgment. If you have fallen into the clutches of these despicable individuals you must use all your energy and resources to escape from the trap. Confess your financial sins to God and ask for financial freedom from the burden you are carrying now. Stick to the teachings of God and take refuge under the protection that only he can provide. If you follow his footsteps you will find the solution to your financial difficulties and the strength to escape from them.To God alone be the glory!

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Today’s word 2-28-2011


Whoever increases wealth by taking interest or profit from the poor
amasses it for another, who will be kind to the poor.
Proverbs 28:8

I read somewhere ─ pardon me, but I do not remember where ─ that large fortunes could only be acquired two ways, stealing or inheriting, and that those who inherit are just getting something that their parents or grandparents had stolen. This somewhat cynical observation has some truth to it and shows a sad reality. People, in their quest to secure a comfortable future, free from financial worries, are capable bypassing moral principles and even breaking laws to achieve their financial goals. One of the most common ways to do this is by usury. Usurer is a person who lends money at unreasonable high interest rates; usually to people who are poor or who can least afford the high rates. The term also applies to those who disproportionately inflate the price of goods to take advantage of the vagaries of supply and demand. Either way, usury is theft. What usurers do not know is that any money earned this way will only serve to fatten the coffers of those of whom God has chosen to manage his wealth and are willing to give generously to the poor and the needy.

There is nothing more uncertain than riches, even more so when wealth is obtained by reprehensible methods. God provides in abundance to those who know how to manage the wealth that has been trusted to them. Trying to secure something that is beyond what God knows we need or we can manage is to get ourselves into a fine mess and to deviate from the path that God has set for us. Are we managing our finances according to the criteria established by God or according to the criteria established by the world? Devoting adequate attention to this aspect of our lives will result in great benefit to us. Trust in the Lord Jesus and he will give you what you need and some more. Let us manage what he has given us in a way according to his wise principles. To God alone be the glory!