WORD OF WISDOM

Debt - The Mosaic law encouraged the practice of lending (Deuteronomy 15:7; Psalm 37:26; Matthew 5:42); but it forbade the exaction of interest except from foreigners. Usury was strongly condemned (Proverbs 28:8; Ezek. 18:8, 13, 17; 22:12; Psalm 15:5). On the Sabbatical year all pecuniary obligations were cancelled (Deuteronomy 15:1-11). These regulations prevented the accumulation of debt.

SOURCE: Easton's Bible Dictionary