‘Born Again’ Evangelicals More Apt to Use Payday Lending

Discussion in 'News / Current Events' started by Crabtownboy, May 4, 2009.

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  1. Crabtownboy

    Crabtownboy
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    Using these loan services is neither wise, is bad family values and not Biblical.

    http://www.digitaljournal.com/article/271947
     
  2. rbell

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    gave a ride to someone last night who lost his car to one of these scavengers.

    Yup, they are bad news...and I hate that so many people are so irresponsible as to use them.
     
  3. donnA

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    How do they know if people are christians or not when they go in for these loans?
    Which I agree are a bad idea.
     
  4. just-want-peace

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    Bolded mine

    This comment is proven daily by many of the posters on this board!

    It is totally alien to much of the attitude toward the "responsibility of government" touted daily here by those that think (in practice if not in word) that the government is the saviour!
     
  5. Revmitchell

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    I doubt he could determine this by this or any other study.
     
  6. donnA

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    I was thinking the same thing. How many times have I seen a poster here condemn people for not separating their 'religious life' from the rest of their lives.



    He would actually have to ask everyone who got one of these loans to determine this.
     
    #6 donnA, May 4, 2009
    Last edited by a moderator: May 4, 2009
  7. windcatcher

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    Some of the questions regarding this law student and his research are answered here, from a link provided in the story The main question being, is the law student a Christian, himself, so that he's making his determination from within the body or from without the body? The difference being, just like a real human body, when a doctor performs lab tests, most blood work is initially a screening device for and may be a prognosticator for pathology within the body or its organs, but very few are definitive in themselves: However, within our physical bodies are many systems of monitoring and balance, both intercellulare and extracellular, which God wonderfully made to help keep us healthy. When a doctor gets back lab test results, he processes the information together with his own findings during the physical exam and patient's report, and uses his knowledge with the predictability of certain lab findings to decide whether more definitive tests are required and how specific or invasive they might be. From this perspective, perhaps, one may understand some of my concerns which are answered but only in part in this link.


    While this information may be useful as a diagnostic tool of what is being presented and what is being received as instruction in the church, it is not as definitive, as it may first appear.

    Just what is the percentage of Christians who have used these payday loans?
    Why are these services being used? Does it have to do with temporary budget crisis, an inability to qualify for less expensive forms of credit, the 'red tape' and involvement of time to get credit? What are the other forms of credit used..... credit cards? Mortgages? Auto loans? Lines of credit? Student loans? Is storehouse savings being taught? Does the church lead by example by avoiding debt wherever possible?

    Ministers may think their church is being taught Biblical principals about money, but, in reality, what they think doesn't matter if its not happening. And I think its not happening. Most of what I learned about Biblical principals regarding money, other than the tithe sermon which gets the dust scratched off every now and then, (excluding reading the Bible, itself), is from Larry Burkett on Christian radio.

    Excepting the tithe and offerings, most of the teachings and principals of lifestyle and specific areas like money, are taught in the Old Testament. But the modern church seems to focus on the study and reading of the New Testament. Why, I wonder, when so much of the NT is based upon 'it is written' from the OT? And Jesus didn't narrow the teachings of the Word by teaching that we should live by every word which shall be written but by every word of God. The only reference the early church had in its day was the Old Testament until well after the resurrection of Christ and the destruction of the temple, which happened roughly 40 years later.

    If Christians aren't being challenged to read and apply the teachings from both the OT and the NT, perhaps it is a false assumption that they are receiveing teachings on Biblical principals of money. And since many of these principals apply not only to the household, but also to business, and churches, and governments.......... ??????????





    Goverment? No! Surely God's principals couldn't apply to government!





    Or could they?
     
  8. JohnDeereFan

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    Umm...I don't think that's a Biblical prohibition. Don't tell anybody, but that's Shakespeare, not the Bible.
     
  9. Bro. Curtis

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    :laugh:

    I wondered where scripture banned quickie loans.
     
  10. rbell

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    It does advise against usury.

    My point is not for another batch of laws...but that we as a church ought to be doing a few things:
    • Teaching folks to be responsible with money. "Financial responsibility" and "getting a payday loan" are mutually exclusive. Unfortunately, we have many in the church who are clueless and/or irresponsible with regards to their finances. We can't make 'em behave, but we can teach 'em the right things to do.
    • If we have any business folks in our church invested in these businesses, we should encourage them to look for other ways to make money. The interest can run into the hundreds of percent APR. It smacks of usury, and we shouldn't do it as Christians to others.
    • Make sure through this process that folks understand that payday loan businesses will go belly-up if folks will simply wise up and quit using them. We should do our part to encourage folks to make wiser use of the resources God has granted to them.
     
  11. carpro

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    How young?

    Any information about his methodology?

    Law researcher?

    Any expertise in this field?

    I suggest that his "findings" on the subject are ...shall we say...

    suspect. :laugh:
     
  12. donnA

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    a person can be poor, and still finacially responsible.


    I've seen the signs all over the place, these loans, here that is, cost the barrower an additional $3. Barrow $100. pay back $103.
    The one person I've ever nown who did this needed food for their family, had nothing left after paying bills, he was out of work due to a broken leg, they had to live on her income.
    Not the worst thing I've seen, cars and homes will cost more additional payment.
     
  13. donnA

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    I suspect your right.
    actualy it's just one more attack on the church,
    approved by several here.
     
  14. Crabtownboy

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    I do not see it as an attack on the church at all. It does point out that many Christians ignore financial advice from the Bible. Most American Christians are very materialistic ... as are most Americans.

    I heard a preacher, many years ago ... oh, about 40 years ago, say that if you really wanted to find out who is a Christian in America, dont' threaten them with death ... just threaten to take their money away if they want to follow Christ, but let them keep their money if they do not want to follow Christ.

    I am continually amazed that people have so much stuff they have to rent storage space to keep the stuff they are not using. [One of my soapboxes.]
     
  15. Revmitchell

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    No it is just more hate America
     
  16. carpro

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    Athiests are ecstatic over his "findings".

    Any chance he might be an athiest with an agenda? ;)
     
  17. Bro. Curtis

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    Americans also donate a bigger % of their income to charities. America always is the biggest international donor.

    Don't tell me this isn't a "look down your nose" attack on American Christians.
     
  18. Revmitchell

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    Conservatives do anyway
     
  19. rbell

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    I said nothing about being poor.

    I did say that payday loans are financially irresponsible.

    I'd have to see one that allowed you to only pay back three bucks on a $100 loan. I have a hard time believing that to be accurate...or at least it is so conditional as to not be possible (that is, pay it back in an hour).

    Most APR's on payday loans run into the hundreds of percent. Penalties and interest for late payments and failure to pay are extremely prohibitive.
     
  20. donnA

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    and the proof is.... what?

    Oh, by the way, I do not rent a storage unit, never have, and never will unless we are forced to live in an even smaller house(800 sq ft currently)
     
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