Chat with us, powered by LiveChat Do you think the interest on payday loans is too high or just right? Should Christians charge poor people interest on loans? - Writeedu

Do you think the interest on payday loans is too high or just right? Should Christians charge poor people interest on loans?

The student is required to answer the question in each Discussion with at least 1 citation of a scholarly peer reviewed article in current APA format. Each Discussion thread must be at least 300 words.
 
***Do you think the interest on payday loans is too high or just right? Should Christians charge poor people interest on loans?***
 
Additional information:
  • “Now in case a countryman of yours becomes poor and his means with regard to you falter, then you are to sustain him, like a stranger or a sojourner, that he may live with you. Do not take usurious interest from him, but revere your God, that your countryman may live with you. You shall not give him your silver at interest, nor your food for gain” (Leviticus 25:35–37, NIV).
  • Search the internet for “Microloans” or “Microcredit” and review the interest charged on these loans.
***References must be a citation of a scholarly peer reviewed article only.***

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