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Faith Communities Are Paying Down Individuals’s Payday Lending Financial Obligation

Faith Communities Are Paying Down Individuals’s Payday Lending Financial Obligation

Texas leads the country in payday financing and automobile name loan organizations with over 3,000 storefronts throughout the state. Payday loan providers are both a blessing and a curse: on a single hand, they meet a necessity; regarding the other, they are doing therefore through sky-high interest rates.That’s why communities of faith are becoming active in the work to raised regulate them. But should faith leaders get involved with cash issues?