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Updated: May 4, 2025
In answer to the question whether the lender may keep what the borrower pays, not out of gratitude, but out of fear that otherwise loans will be refused to him in future, Ligouri says that "to be usury, it must be paid by reason of a contract, or as justly due; payment by reason of such a fear does not cause interest to be paid as an actual price," Again the great saint and doctor tells us that "it is not usury to exact something in return for the danger and expense of regaining the principal!"
"Yes, the blessed Marie-Alphonse of Ligouri, being very far from Rome, knew of the death of the Pope at the very moment the Holy Father expired; there were numerous witnesses of this miracle. The sainted bishop being in ecstasy, heard the last words of the sovereign pontiff and repeated them at the time to those about him.
Here, for example is Alphonso Ligouri, a Spanish Jesuit of the eighteenth century, a doctor of the Church, now worshipped as St. Alphonsus, presenting a long and elaborate theory of "mental usury"; concluding that, if the borrower pay interest of his own free will, the lender may keep it.
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