The rich ruleth over the poor, and the borrower is servant to the lender.
The verse stands among biblical principles that protect property and life and uphold trust and cooperation in society. It means that borrowing places the borrower under the lender's power in a servant-like subjection. In this way debt is shown to be a danger that can lead to financial failure and ruin.
Debt is a binding and painful burden. It is therefore unwise to take on debt or to make large investments without a reliable way to produce the funds needed to meet them.
The verse stands among biblical principles that protect property and life and uphold trust and cooperation in society. It means that borrowing places the borrower under the lender's power in a servant-like subjection. In this way debt is shown to be a danger that can lead to financial failure and ruin.
Debt is a binding and painful burden. It is therefore unwise to take on debt or to make large investments without a reliable way to produce the funds needed to meet them.