Going into Debt–in 664 B.C.

Assyrians came, conquered, and kicked everyone out: Tablets reveal ...

(Source: Biblical Archaeology Review, Summer 2020)

You think you’ve got troubles with the finance company? Hah!

The clay tablet in the picture is a legal document from 664 B.C., discovered at Tel Hadid in central Israel, which was then under Assyrian rule. The document is the record of a loan in which the borrower agreed to pay 33% interest if his bill was overdue… and he had to put up his wife and sister as collateral! “Rocky” would come and take them away if the loan was not repaid on time. (Does this shed any light on the Bibles consistent condemnation of usury?)

Those seem like pretty harsh terms to me. You’re better off with Household Finance.

The document doesn’t say what the borrower needed the loan for. Probably not smart pills. Obviously they weren’t making them back then.