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Payday Loans, Usury and the 7th Commandment

Business, Econ, Marketing

Christians Say Predatory Loans are Sin: Christians in 30 states—from Alabama to Wyoming—say it’s a sin to lend money to someone who can’t afford to pay it back.Most want the government to protect consumers from loans with excessive interest. Still, 1 in 6 Christians has taken out a high-interest payday loan, while few of their fellow believers know how such loans work or look to the Bible for guidance about fair lending.

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