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Predatory Payday Lending: An Issue For Modern Christians

Predatory Payday Lending: An Issue For Modern Christians

By Kerwin Webb

As Christians, the Bible usually makes reference to the way we are to take care of other people, whether or not they be our next-door next-door next-door neighbors (Matthew 22:39), strangers (Leviticus 19:34), the widow, bad, or even the oppressed (Isaiah 1:17). We had been all produced in God’s image (Gen 1:26) and deserve become addressed really and fairly. Jesus, through Scripture, clearly articulates that selfishness and greed aren’t character characteristics that mirror the might of Jesus. Scripture additionally addresses just how transactions that are financial managed. Deuteronomy 23:19 reminds us that, that Christians must not charge interest to those people who are area of the Christian family members. Predatory payday financing is displeasing to Jesus as it will not appreciate the imago Dei in individuals and takes advantageous asset of them by billing excessive interest. Of these reasons, predatory payday lending must be a problem for modern Christian citizens.

The last the different parts of the organizations of civil culture are churches, faith-based nonprofits along with other companies. Even as we see utilizing the Faith just for Lending coalition, Exodus Lending, along with other community teams you will find those trying to bring positive improvement in this area. These teams have actually helped spend the loans off of people, created programs to help individuals escape pay day loans, advocated for legislative modifications to stop the exploitation of men and women and also host financial education seminars to carry greater understanding to your perils of predatory payday financing.

A Brighter Future

After my entrapment when you look at the financial obligation period brought on by a loan that is payday with assistance I became in a position to end the period. (more…)

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