NASHVILLE (BP) — Self-identified Christians in 30 states — from Alabama to Wyoming — say it is a sin to provide money to a person who can’t manage to repay it.
Many want the national federal government to guard 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 check out the Bible for guidance about reasonable financing.
Those are on the list of findings of an innovative new survey that is online of’ views of payday financing from LifeWay Research. The Nashville-based research company surveyed 1,000 self-identified Christians in 30 states, most of which don’t have a lot of or no legislation of pay day loans. [Read more...]