NASHVILLE (BP) вЂ” Self-identified Christians in 30 states вЂ” from Alabama to Wyoming вЂ” say it is a sin to provide cash to a person who canвЂ™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 ChristiansвЂ™ 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.
вЂњAsk people if billing high interest is incorrect, and theyвЂ™ll say yes,вЂќ McConnell said. вЂњThey forget the Bible calls it вЂusuryвЂ™ and condemns it as sinful.вЂќ
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
вЂ” Christians are no strangers to pay day loans.…