Survey: Christians call ‘payday loans’ sinful, key findings

Survey: Christians call ‘payday loans’ sinful, key findings

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

Many want the national federal federal government to guard customers from loans with exorbitant interest. Nevertheless, 1 in 6 Christians has taken away a high-interest pay day loan, while number 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. The Nashville-based research company surveyed 1,000 self-identified Christians in 30 states, each of which don’t have a lot of or no legislation of pay day loans.

Most Christians find payday loans not practical and morally dubious, stated Scott McConnell, vice president of LifeWay Research. various appear unaware the Bible addresses lending practices.

“Ask people if billing high interest is incorrect, and they’ll say yes,” McConnell said. “They forget the Bible calls it ‘usury’ and condemns it as sinful.”

The survey, carried out Feb. 5-17, had been sponsored by Faith for only Lending, a national coalition of diverse and faith that is nonpartisan in opposition to predatory loans.

On the list of findings that are key

— Christians are no strangers to pay day loans.…