Congregational life

From hardship to freedom
Payday loans are unsecured, small-sum, short-term loans ostensibly designed to tide a borrower over until the next payday—hence the name. The problem? Many borrowers can’t pay them off in that short time span. So the debt rolls over—with high fees that make it even harder to pay off. If the loans keep rolling over, the sum can become nearly impossible to pay. How can congregations help?