NASHVILLE (BP) вЂ” Self-identified Christians in 30 states вЂ” from Alabama to Wyoming вЂ” say it is a sin to provide cash to an individual who canвЂ™t manage to repay it.
Many want the national federal federal government to safeguard customers from loans with extortionate 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 turn to the Bible for guidance about reasonable financing.
Those are among the list of findings of a fresh paid survey of ChristiansвЂ™ views of payday financing from LifeWay Research. The research that is nashville-based surveyed 1,000 self-identified Christians in 30 states, most of which don’t have a lot of or no legislation of pay day loans.