Articles related to Debt


Baptists Praise Rule to Curb Payday Loan 'Debt Traps'
Baptists Praise Rule to Curb Payday Loan 'Debt Traps'

By: Zach Dawes
Baptist leaders praised the final version of a rule, released by the Consumer Financial Protection Bureau on Oct. 5, that seeks to end "debt traps" within the payday loan industry.

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3 Ways You Can Help Prevent Financial Exploitation of Poor
3 Ways You Can Help Prevent Financial Exploitation of Poor

By: Kathryn Freeman
One way Christians can pursue justice for the poor and vulnerable is to speak out against the payday and auto title lending industry, which lends money at an unreasonable rate.

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8 Ways Your Church Can Help Folks Escape Debt Trap
8 Ways Your Church Can Help Folks Escape Debt Trap

By: Danny Chisholm
University Heights Baptist Church in Springfield, Missouri, has been directly involved in helping people escape "the debt trap" created by payday and title loan companies. Here's how your church can help too.

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Faith Community Fights for Payday Lending Reform
Faith Community Fights for Payday Lending Reform

By: Stephen K. Reeves
The faith community has led the calls for reform for the payday and auto title lending industry from the beginning. They've seen the consequences of the excessive interest rates that these businesses charge.

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U.S. Faith Groups Respond to Trump's Proposed Budget
U.S. Faith Groups Respond to Trump's Proposed Budget

By: EthicsDaily Staff
The U.S. faith community has reacted to President Trump's budget proposal. Jewish, Catholic, Protestant and Islamic leaders responded primarily with concern and critique.

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Like All Presidents' Budgets, Trump Offers Mixed Bag
Like All Presidents' Budgets, Trump Offers Mixed Bag

By: Zach Dawes
We should praise President Trump's desire to rein in spending and reduce the national deficit, but we should also scrutinize and, when necessary, critique the means by which his administration proposes to do so.

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Microfinance Industry: Predatory Lending Practices?
Microfinance Industry: Predatory Lending Practices?

By: Zach Dawes
Predatory lending practices within the U.S. payday loan industry are becoming more widely recognized as advocates push for reforms. But how widespread is the problem within the microfinance industry?

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Reforms to Payday Loan Industry Deserve Church Support
Reforms to Payday Loan Industry Deserve Church Support

By: Danny Chisholm
Churches with differing doctrines can come together to support reforms to the payday loan industry so poor people aren't forced into financial slavery over loans of less than $1,000.

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Auto Title Loans Often Result in Debt Cycles, Seized Vehicles
Auto Title Loans Often Result in Debt Cycles, Seized Vehicles

By: EthicsDaily Staff
Auto title loan borrowers often find themselves in debt cycles, and many have their vehicles seized due to their inability to repay the loan, says a Consumer Financial Protection Bureau report.

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Who Will Fund Your Church in 10 Years?
Who Will Fund Your Church in 10 Years?

By: Dennis Bickers
Most churches have no idea what their financial future looks like. Those who do pretend it won't happen to them. Here are five steps your church should take now to secure its future finances.

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Consumer Finance Bureau Notes Online Payday Loans' Hidden Costs
Consumer Finance Bureau Notes Online Payday Loans' Hidden Costs

By: EthicsDaily Staff
Bank penalty fees and account closures are a significant and hidden cost of online payday loans, a Consumer Financial Protection Bureau report says.

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Payday Loans a Key Focus in Consumer Protection Report
Payday Loans a Key Focus in Consumer Protection Report

By: EthicsDaily Staff
With federal rules on payday lending expected to be released this spring, the director of the Consumer Financial Protection Bureau recently offered his semi-annual report to a congressional committee.

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Debt Crushes Lives of Billions Around the World
Debt Crushes Lives of Billions Around the World

By: David Kerrigan
Debt burdens countless people. Our current economic system isn't working for billions of people, but biblical teaching about the justice of God will dictate how we should live in any economic system.

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No Easy Answer for Ministers Paying Off Debt
No Easy Answer for Ministers Paying Off Debt

By: Dennis Bickers
Many ministers start their ministry burdened by student debt while earning barely enough to make minimum payments on that debt. The difficult answer is to pay off that debt as soon as possible.

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Early Christian Leaders Condemned Greedy Lenders
Early Christian Leaders Condemned Greedy Lenders

By: David W. T. Brattston
Usury is the practice of charging excessively high interest rates on loans instead of being content with repayment of the principal. It was a practice that early Christians held in contempt.

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How Will Your Church Stand Against Predatory Lenders?
How Will Your Church Stand Against Predatory Lenders?

By: Danny Chisholm
More than 20,000 payday and car title loan stores operate in our country. Many keep borrowers in a perpetual cycle of crushing debt. How will your church stand against predatory lenders?

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Can Ministers and Churches Afford Each Other?
Can Ministers and Churches Afford Each Other?

By: Ircel Harrison
Many young ministers leave seminary burdened with debt. Churches are struggling with declining finances and can't afford to pay appropriate salaries to full-time pastors. Can they afford each other?

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Why Microfinance Industry is Under Microscope
Why Microfinance Industry is Under Microscope

By: Hugh Sinclair
The microfinance industry is increasingly under a microscope, challenging the wisdom of indebting poor people en masse. While the scrutiny will yield improvements, here are three challenges that remain.

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Long-Term Student Debt Injures the Common Good
Long-Term Student Debt Injures the Common Good

By: James Gordon
When students leave universities buried in debt, they have little time to think about changing society. Education has been reduced to a commodity, and students must focus on paying off long-term debt.

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Microfinance's Mystical Lure All But Evaporated
Microfinance's Mystical Lure All But Evaporated

By: Hugh Sinclair
Microfinance was once all the rage, the capitalist panacea to eliminate poverty. But its mystical lure has evaporated. How could we believe indebting the poor could help them escape poverty?

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When Governments Talk Austerity, The Poor Suffer
When Governments Talk Austerity, The Poor Suffer

By: James Gordon
'Austerity' has become quite the buzzword for governments. It's useful to explain why you need to policies that maintain the affluence of the rich and powerful while cutting back on programs that help the poor.

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Why Would Jesus Want to Release the Prisoners?
Why Would Jesus Want to Release the Prisoners?

By: Larry Eubanks
When Jesus called for the release of prisoners, he was seeking justice for the poor imprisoned because of debt. Today's predatory lending practices essentially enslave people in poverty.

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Debt and Britain's Children: Bullying, Anxiety, Going Without
Debt and Britain's Children: Bullying, Anxiety, Going Without

By: Paul Hobson
The findings of a British study show that millions of children in Great Britain are suffering worry and anxiety, bullying and going without essentials as their families are trapped in debt.

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Recovering a Moral Critique of Debt
Recovering a Moral Critique of Debt

Progressive Christians have a truncated moral agenda when it comes to economic debt. Instead of pretending it doesn't matter, we must recognize the biblical witness: Debt is destructive.

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Real Jubilee Can Help World's Debt-Crushed Poor
Real Jubilee Can Help World's Debt-Crushed Poor
Debts need to be canceled when they are out of control, and measures put in place to stop future debt crises. It's biblical and has been done before. Will you join the call for justice?
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Will New Government Resolve Greece's Debt Crisis?
Will New Government Resolve Greece's Debt Crisis?
After national elections this month, Greece appears to have a new coalition government. Will this fragile alliance be able to do anything about the nation's debt crisis?
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Why Do We Spend Money on Happiness We Can’t Afford?
(RNS) Roberts was watching a Nightline episode on basketball legend Shaquille O’Neal when he heard about the size of his Florida home: 70,000 square feet.
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Crystal Cathedral is Cautionary Tale for Pastors
(RNS) The Crystal Cathedral’s transformation from a Protestant megachurch to a Roman Catholic cathedral should teach pastors not to spend millions on ornate buildings.
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Personally and Globally, We're Enslaved to Debt
Personally and Globally, We're Enslaved to Debt
Responsible lending can help people escape poverty, but lending by rich nations and financial institutions in our debt-ridden global economy is often irresponsible. How will Christians respond?
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Acceptable Debt
As far as Paul is concerned, love is a debt owed by every person alive, and it’s a debt that can never be repaid in ten lifetimes, much less one.
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National Debt is New Hot Issue for Evangelicals
WASHINGTON (RNS) Many economists warn that the government’s huge national debt is a looming threat to long-term prosperity.
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10 Steps for Churches to Navigate Tough Economy
10 Steps for Churches to Navigate Tough Economy
Since 2008's economic meltdown, more people realize the importance of downsizing their lifestyles and reducing debt. Churches must follow suit. Here are 10 things they can put into practice.
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We Need Jubilee
We must remember and care for our fellow travelers on this beautiful planet and treat them not as competitors, but as if they were Jesus who said that he could be found among the little ones. Proclaiming with Jesus the year of Jubilee is our only hope for restoration.
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Forgive Us Our Debts

"The rich rule over the poor and the borrower is servant to the lender." Anyone who has ever been in debt has experienced the truth of this biblical proverb. And let's be honest with each other--debt is something we know about.

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