Without a doubt about Churches battle predatory payday lending

FORT WORTH (RNS)—Anyra Cano Valencia had been dinner that is having her spouse, Carlos, and their loved ones whenever an urgent knock arrived at their home.

The Valencias, ministers at Iglesia Bautista Victoria en Cristo in Fort Worth, exposed the entranceway to a hopeless, overrun congregant.

The lady along with her family members had lent $300 from the “money shop” devoted to short-term, high-interest loans. Not able to repay quickly, that they had rolled on the stability although the loan provider included charges and interest. The girl additionally took away that loan in the name to your family members vehicle and lent from other lenders that are short-term. Continue reading Without a doubt about Churches battle predatory payday lending