In case I haven't mentioned it God has a special interest in the poor and oppressed. If you don't believe, just read the Old Testament prophets or listen to what Jesus says in the New Testament. God is always interested in the plight of the poor and any systems that oppress them. I have been saying for a couple of years, to anyone who will listen, that payday loan companies are one of those systems that further oppress the poor. What happens is that people who are barely scraping by, borrow money at such high interest that they keep taking more loans just to keep from defaulting. They often end under the burden of a debt that they will never repay.
The New York Times did a nice job this morning talking about the issue and pointing out some non-profit groups that are trying to help, to mixed reviews. Give it a read:
Nonprofit Payday Loans? Yes, to Mixed Reviews
(You will need to register at nytimes.com but it is easy and free and worth it.)
I would love to hear your feedback.
peace,
will
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