Text:

A man on a horse makes a deal with the devil to save him from his crippling debt. After he makes the deal, he manages to pay off his debts but dies. However, his soul still rides on a horse doing the devil’s bidding and offering greedy individuals gold in exchange for their souls.

Context:

The informant heard this story from his mother, who is from Puebla, a city in Mexico.

Analysis:

From what I heard, I believe the legend reflects Mexico’s values around morality, greed, and justice. Because it is said that El Charro Negro comes to those who are greedy or desperate and offers wealth in exchange for their souls, it can be interpreted as a warning against moral corruption–material gain without integrity will come with a heavy, often dangerous price. This makes sense, as the tale emerged during the colonial times and blends indigenous beliefs with Catholic influences, such as a pact with the devil.