Skip to content

Usury, Loan Sharking, and High Interest Rates

December 28, 2009
Charles G. Mills

Usury is an offense against justice. It consists in receiving or demanding interest unjustly on a personal loan. Its worst form is “loan sharking,” the lending of money at interest rates like 600 percent, with a threat of violence to enforce payment.

There are at least two criteria for usury. First, the loan must be personal. Moral theologians have recognized for centuries that interest is a legitimate way to share in the anticipated profits from a business loan. Accordingly, a number of civil laws against usury do not apply to loans made to corporations.

The story continues …..

3 Comments leave one →
  1. January 14, 2010 10:57 pm

    Great post, I found it useful information on this site and relationship with my blog….thanks.


  1. Craig Murray – Yemen and Somalia | Debt Finance Wisdom
  2. Usury, Loan Sharking, and High Interest Rates « ACGR's “News with … Interest just to Me

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: