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 somebody who can’t manage to repay it.

Many want the federal federal government to safeguard customers from loans with exorbitant interest. Nevertheless, 1 in 6 Christians has taken away a payday that is high-interest, while handful of their fellow believers discover how such loans work or turn to the Bible for guidance about reasonable financing.

Those are among the list of findings of a fresh survey that is online of’ views of payday financing from LifeWay Research. The research that is nashville-based surveyed 1,000 self-identified Christians in 30 states, each of which have actually little or no regulation of pay day loans. Meer lezen