Usury.
The notion of a usury for me is not just a moral issue but a historical turning point in religious history. What is more relevant and fascinating to modern-day happiness and welfare than finding a fair and just borrowing institution? Money is an important tool that is vital for a caring, thriving society. It is with great joy that I learned of the heroic creation of the Church of England lending friendly society. On investigation I was a little puzzled after the noble statement by the Archbishop of Canterbury condemning the practice of usury and the proclamation of his intent to help provide for all the population an alternative avenue of finance. It is with dismay I see help will not be available until after five years but if you are a member of the clergy help is available now as long as you meet the necessary criteria for borrowing.
I have found it extremely difficult to find up-to-date current information on certain religious based lending agencies but specific well advertised lending institutions that are not religiously linked brazenly state that their interest for a short-term borrowing loan are at well over one thousand percent APR! Unfortunately now on the internet the Church of England payday loan appears to be slightly difficult to research as it is very problematic to locate a definitive site for verifiable information. There is a website offered by an American company and expressed in dollars but does not display its interest rate until after an application is completed, one that of course can be rejected by the applicant. I wonder if this is because of banking control in this country.
Considering the importance the effect of debt has on the welfare of the population and the financial power in the Church of England it would seem the plight of current debtors due to usury would demand instant attention. In money terms, property and shares to the value of five billion pounds.
It is ironic religious actions spurred by money changing after two thousand and eighteen years have come to no avail and usury for the general public is still a scourge to decent living.
I realise when it comes to lending money seemingly unnecessary criteria dominates its possibilities as in the past for a worthy cause it was practically impossible to obtain finance from registered charities.
In fact the Bank of England has actively forced institutions with lower competitive rates to ether increase their rates or be terminated. The same Bank of England was oblivious of unstable banking practices that has cost the country dear.
I do appreciate the words and intention of important religious representatives but I have to say that following the ideas the intervention has seemed to be lacking. This is an issue that can become integral to people’s lives and indeed how they can afford to live them. Institutions such as those that we associate with integrity and moral upstanding should have an interest in practices that can undermine codes of conduct and decency. It is imperative. Without action to good ideals, what more can they ever be but whispers lost to the winds of time.
I have found it extremely difficult to find up-to-date current information on certain religious based lending agencies but specific well advertised lending institutions that are not religiously linked brazenly state that their interest for a short-term borrowing loan are at well over one thousand percent APR! Unfortunately now on the internet the Church of England payday loan appears to be slightly difficult to research as it is very problematic to locate a definitive site for verifiable information. There is a website offered by an American company and expressed in dollars but does not display its interest rate until after an application is completed, one that of course can be rejected by the applicant. I wonder if this is because of banking control in this country.
Considering the importance the effect of debt has on the welfare of the population and the financial power in the Church of England it would seem the plight of current debtors due to usury would demand instant attention. In money terms, property and shares to the value of five billion pounds.
It is ironic religious actions spurred by money changing after two thousand and eighteen years have come to no avail and usury for the general public is still a scourge to decent living.
I realise when it comes to lending money seemingly unnecessary criteria dominates its possibilities as in the past for a worthy cause it was practically impossible to obtain finance from registered charities.
In fact the Bank of England has actively forced institutions with lower competitive rates to ether increase their rates or be terminated. The same Bank of England was oblivious of unstable banking practices that has cost the country dear.
I do appreciate the words and intention of important religious representatives but I have to say that following the ideas the intervention has seemed to be lacking. This is an issue that can become integral to people’s lives and indeed how they can afford to live them. Institutions such as those that we associate with integrity and moral upstanding should have an interest in practices that can undermine codes of conduct and decency. It is imperative. Without action to good ideals, what more can they ever be but whispers lost to the winds of time.
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