Thursday, October 17, 2013

Lending to an untrustworthy person


One who is approached for a loan, and who knows that the borrower is likely to squander the money and default, should either not lend, or lend money with a collateral. However, one may lend money to a pauper with intent to forgive the loan and let it be tzedakah.

One may not lie and say that he has no funds to lend.

(Sefer Chasidim 426; Shulchan Aruch Choshen Mishpat 97:4; Pitchei Choshen Halvaah 1:5 and footnotes 13-14)

Have a great day,

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