Let me make it clear about Survey: Christians call ‘payday loans’ sinful

Let me make it clear about Survey: Christians call ‘payday loans’ sinful

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NASHVILLE (BP) — Self-identified Christians in 30 states — from Alabama to Wyoming — say it is a sin to provide cash to an individual who can’t manage to repay it.

Many want the government to safeguard customers from loans with extortionate interest. Nevertheless, 1 in 6 Christians has taken away a high-interest cash advance, while handful of their other believers discover how such loans work or aim to the Bible for guidance about reasonable financing.

Those are one of the findings of a fresh paid survey of Christians’ views of payday financing from LifeWay Research. (más…)