Without a doubt about Survey: Christians call ‘payday loans’ sinful

Without a doubt about Survey: Christians call ‘payday loans’ sinful

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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 not manage to repay it.

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

Those are among the list of findings of an innovative new 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 legislation of pay day loans.

Most Christians find payday loans not practical and morally questionable, stated Scott McConnell, vice president of LifeWay analysis.