Faithlife Corporation


Illustration  •  Submitted
0 ratings
· 1 view
Notes & Transcripts

A survey by LifeWay Resources questioned Christians from Alabama to Wyoming and found that most believe that it is sinful to lend money to someone who can’t afford to pay it back. Most of those who responded also said they want the government to protect consumers from loans with excessive interest, yet 1 in 6 Christians say they have taken out a high-interest loan. The survey also found that few of these believers know how these loans work or that the Bible has guidance about fair lending. Few even see a connection between their faith and fair lending practices. Scott McConnell, vice president of LifeWay Research said that most Christians found high interest loans morally questionable. He added, “Ask people if charging high interest is wrong, and they’ll say yes. They forget the Bible calls it ‘usury’ and condemns the practice.”–Jim L. Wilson and Jim Sandell.

Survey: Christians say predatory loans are sinful; By Bob Smietana;., Accessed April 13, 2016. Survey: Christians say predatory loans are sinful; By Bob Smietana.

Proverbs 28:8 (HCSB) “Whoever increases his wealth through excessive interest collects it for one who is kind to the poor.”

See the rest →
Get this media plus thousands more when you start a free trial.
Get started for FREE
See the rest →