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Originally posted by jones
You can argue all you want but you can’t argue with the Lord. Usury is a sin. Why do you think Jesus threw the moneylenders out of the temple. I paid $55,000 for my home 20 years ago. By the time it is paid off I will have paid the mortgage company almost $300,000.00. And I have a fairly low interest rate.
“He lends at usury and takes excessive interest. Will such a man live? He will not. Because he has done all these detestable things, he will surely be put to death and his blood will be on his own head.” Exekiel 18:13
“... you take usury and excessive interest and make unjust gain from your neighbors by extortion. And you have forgotten me, declares the Sovereign Lord.” Exekiel 22:12
My house is not worth close to $300,000.00. I would call the extra $145,000 I paid to the bank “excessive interest”. I would call $100,000 “excessive interest".
Where are the George Bailey’s of the world when you need them. Long gone.
(Sorry atheist! Ignore post)
Originally posted by apc
reply to post by BluByWho
Why don't you expect the child to make adult decisions? Is it because they don't understand the consequences? Have they been manipulated into making a bad choice? Do they just not know any better?
Don't get me wrong... I think people like guice have gotten what they asked for and it's now up to them to get themselves out of it. And people like lightwhatever are asking for their own problems by humping a credit card at every chance. But this cancer is harming EVERYONE, not just the people who signed on the dotted line. THAT is why we must intervene and put a stop to these predatory lending practices. It is rotting this country from within and we are just beginning to smell the stench.
Originally posted by LightinDarkness
reply to post by jones
Typical "blame it on the company" response. Who is it that forced you into a mortgage? The bank? Who is it that choose to sign the contract for you? The bank?
Originally posted by BluByWho
I agree that it effects everyone, you want to know who it effects the most? The people who actually pay their bills on time.
I think the banks need more regulation in regards to credit cards, but not until consumers start educating themselves.