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Neighborhood churches assist people avoid loan debt that is payday

Friday, November 6th, 2020

Neighborhood churches assist people avoid loan debt that is payday

Six years back, a combined team of Shreveport churches began an application to aid individuals when you look at the Highland neighbor hood escape cash advance debt.

Since that time, the tactile Hand Up loan program has assisted a lot more than 80 people secure significantly more than $130,000 in reduced rate of interest loans.

Lots of brand brand new beginnings were funded by faith.

“I happened to be on medications. I became on alcohol,” stated Clydell Hall. “Now I have actually my personal house. I possess two vehicles, two jobs.” Those types of jobs are at Highland Center Ministries. It’s where Hall discovered assistance as he desperately required it.

He had been a homeless veteran whom required a motor vehicle to get at college and work. He had been capable of getting a $2,500 loan through the tactile Hand Up Loan Program.

“ everything we do is come together to produce good, effective options, where they could be involved with something that will probably build their credit and build their everyday lives,” said John Henson, Pastor, Church when it comes to Highlands.

Henson isn’t only a pastor it is additionally the top of Highland Center Ministries and founder for the Hand Up Loan Program, which offers an alternate to high-interest payday advances.

This program were only available in 2013 july.

“One of y our church people ended up being observing what number of pay day loan places had been here within the neighbor hood,” shared Henson. ” simply looking within a mile radius of the building there have been 12 companies he counted.”

The church wished to offer financial justice when it comes to working poor, assisting them get free from, or avoid engaging in the trap regarding the debt cycle that is payday.

“Jews, Muslims, Christians, it is element of our scripture that usury is incorrect which is a sin,” explained Henson. “It is incorrect to put on folks who are susceptible to this type of debt.”