Archiv für den Tag: 4. Oktober 2020

Brief: Payday & Auto Title Loans. We oppose usurious loans in accord using the Lord’s purchase:

A Catholic viewpoint:

Among you, you must not be like a money lender; you must not demand interest from them.”[1“If you lend money to my people, the poor] Usury includes not just exorbitant interest, but any interest that exceeds the major.[2] but, civil legislation sometimes renders acts unpunished not because they’re simply, but because they’re advantageous; charging you interest on loans has dropped into this category since at the very least the 15 th century.[3] Yet Texans can at least enhance lawful restrictions which allow predatory loan providers to oppress poor people with exorbitant interest and loans built to trap borrowers in rounds of financial obligation.

We now have seen payday and auto name storefronts that are lending shopping centers and areas. Weiterlesen

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