Showing posts with label Credit. Show all posts
Showing posts with label Credit. Show all posts

Saturday, July 26, 2014

King Solomon on Surety (ud)


There  are many proverbs of King Solomon about the folly of excessive borrowing   It is what too many of us do with credit cards in our modern world.

Saturday, February 15, 2014

King Solomon’s Greatest Surety

 

There are many story legends about the relationship of King Solomon and the Queen of Sheba. There are also many proverbs of King Solomon’s views on how foolish it is to take on excessive debt and wind up losing the surety the borrower pledges for a loan or credit. In ancient times, there was no relief of declaring bankruptcy and a borrower could even wind up becoming a slave to the lender to pay back debt. In modern times, high interest results in essence to make a foolish credit spender become a slave of sorts to the lender when the high interest results in him or her never being able to pay back the principle. In a novel excerpt, I surmise how Solomon felt about taking a vow to his God to appease the legendary agreement made between them. The novel is a contemporary application of a story form to promote understanding of proverbs and ancient wise sayings in relation to our modern times.