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Documentary Criticizes Pay Day Loans

Documentary Criticizes Pay Day Loans

The Micah Center in Grand Rapids, Mich., this week offered a documentary that the corporation has been doing regarding the multi-billion-dollar pay day loan industry.

All across the United States and Canada, as well as in Europe and elsewhere, the documentary focuses on the Grand Rapids area, where there are significantly more payday loan operations than McDonald’s restaurants although payday loan operations are in business.

Making the problem specially crucial are biblical mandates that criticize usury. For example, there is certainly Ezekeil 18: 13 , which asks the concern of what the results are to a person whom partcipates in usury:“Will such a guy live? He will perhaps maybe maybe not! Because he’s done all those detestable things, he can clearly be put to death along with his bloodstream should be on their own mind.”

The Micah Center takes verses regarding the sinful nature of recharging interest that is too much really, claims Jordan Bruxvoort, manager for the Micah Center in Grand Rapids. You will find Micah facilities in other states as well as in Canada.

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A few Christian Reformed Church congregations are people in the Micah Center, a social justice company that, among other activities, provides advocacy and training on dilemmas such as for example pay day loans.

In its documentary. the Grand Rapids Micah Center features two different people whom received payday advances, an ex-employee of the loan that is payday, along with Rev. Dallas Lenear, chairperson of this Micah Center’s task force on payday advances.

Fulfilling on Tueday, Nov. 6 at Hope Reformed Church in Grand Rapids, the Micah center utilized the documentary to emphasize its issues in regards to company that usually charges, whenever all is said and done, up to 300 per cent interest on loans they offer.