NASHVILLE, Tenn.вЂ”Self-identified Christians in 30 statesвЂ”from Alabama to WyomingвЂ”say it is a sin to provide cash to somebody who canвЂ™t manage to repay it.
Many want the federal federal federal government to protect customers from loans with exorbitant interest. Still, 1 in 6 Christians has taken away a high-interest pay day loan, while handful of their other believers discover how such loans work or check out the Bible for guidance about fair financing.
Those are on the list of findings of a unique survey that is online ofвЂ™ views of payday financing from LifeWay Research. The Nashville-based research company surveyed 1,000 self-identified Christians in 30 states, most of which have actually little or no legislation of payday advances.
Most Christians find payday loans not practical and morally debateable, stated Scott McConnell, vice president of LifeWay Research. various appear unaware the Bible addresses lending practices.
вЂњAsk individuals if charging you 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