The Burden of mortgage debt and interest

Nehemiah 5 verses 1-11

Now the men and their wives raised a great outcry against their Jewish brothers. Some were saying, "We and our sons and daughters are numerous; in order for us to eat and stay alive, we must get grain."

Others were saying, "We are mortgaging our fields, our vineyards and our homes to get grain during the famine."

Still others were saying, "We have had to borrow money to pay the king's tax on our fields and vineyards. Although we are of the same flesh and blood as our countrymen and though our sons are as good as theirs, yet we have to subject our sons and daughters to slavery. Some of our daughters have already been enslaved, but we are powerless, because our fields and our vineyards belong to others."

When I heard their outcry and these charges, I was very angry. I pondered them in my mind and then accused the nobles and officials. I told them, "You are exacting usury from your own countrymen!" So I called together a large meeting to deal with them.

...

So I continued, "What you are doing is not right. Shouldn't you walk in the fear of our God to avoid the reproach of our Gentile enemies?

I and my brothers and my men are also lending the people money and grain. But let the exacting of usury stop!

Give back to them immediately their fields, vineyards, olive groves and houses, and also the usury you are charging them - the hundredth part of the money, grain, new wine and oil."




See also Deut 23:19-20, Deut 15:7, Prov 22:7 & Prov 28:8 on usury and debt.