Church vs. payday lenders: Whose side is God on? - Yahoo! Finance

Church vs. payday lenders: Whose side is God on? - Yahoo! Finance

Payday loans are odiously expensive. The borrowers really have to have a good means of income in order to pay the loans off quickly, or they will be eaten up in interest. This Brit says they can make money offering better terms. If that is the case I am for it. People are replacing credit cards with payday type loans. But in order for them to work for the borrower, the interest cannot be usurious.

My only problem is that lending is a secular business. Any so called church (in this case the Church of England) in the business of lending money is not what I would call a real church.

Still, payday lenders are killing the poor, financially. They need competition from somewhere. 

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