[Judith Anne]

OUTSTANDING! Great post!

[DB]

That's pretty cool.

Being a slave to credit card dept is awful. I wish it upon no one.

[anniegetyourgun]

It's a wonderful display of grace - one to another, and from the hand of God.

Now, if His people would seek His face more and His hand less.....

Now, if pastors across the country would strike at the root of all that enslaves.....

[Skooz]

If they extend this to student loan debt, I will move to "a vaguely seedy section of downtown Norfolk."

[KentuckyWoman]

Outstanding post!! It's nice to see some good news for a change. I just sent this to Dave Ramsey who does a radio show called "the Money Game". This is EXACTLY what he teaches all the time!

[What Is Ain't]

Inspiring post. Hope the newly debt free stick with it.

[Incorrigible]

Gee.  Why doesn't he just ask the government like us?

[twigs]

Credit card debt IS an evil. But why should other people pay for someone else's sin? I would think that the discipline required to get out of debt would go a long way toward teaching people to STAY out of debt. The people of this congregation are not wealthy. I just don't understand why some should pay for the others. Sounds like they are setting up a mentality that if people spend unwisely, someone else will bail them out. Next time it may be Uncle Sam.

[AppyPappy]

My spidey senses are tingling

[Contra]

I'm sure this will solve all of their problems and they will never get into that kind of debt trouble ever again.

[GovernmentShrinker]

Interesting how car loans are seen as appropriate, even though unlike houses, cars are worth only a tiny fraction of their purchase price by the time they're paid off. This seems to be a widespread view in the U.S., even among people who obviously can't afford it. Financing is generally only available on cars which are 5 years old or less, and when such a car is financed, the annual cost of the collision insurance required by the lender is often as much or more than the cash price of an older but perfectly functional car.

I've paid cash for all the cars I've ever owned (generally about 8 years old at the time of purchase), and have never carried collision insurance. Over an adult lifetime, the savings in interest and insurance premiums, plus the compounded interest on those savings when they are invested instead of spent, adds up to well over a million dollars. If a million dollars missing from your retirement savings won't cramp your style, then by all means go ahead and buy a car on credit, but otherwise you've got to be nuts to do it.

[stainlessbanner]

New church for you...

[VOA]

Sounds like Alan Bond (the guy who used to appear on Wall Street Week with Louis Rukyser)
could use a bit of this help...
He just got convicted on 6 felonies yesterday and goes to trial for more financial
hanky-panky in November.
Hard to believe a Dartmouth College and Harvard Business School grad could fall so far.
He's even "indigent" and represented by a public defender.
(Story seen on Monday in LA Times)

[Norwell]

Sounds like a Baptist with a heavy mixture of Calvinism: good combination for financial success. The next step is to get his flock to rid themselves of television, thier democrat political registration and to start making weekly visits to thier library.

[mhking]

Black conservative ping

If you want on (or off) of my black conservative ping list, please let me know via FREEPmail. (And no, you don't have to be black to be on the list!)

[zeaal]

Interesting idea. Thanks for posting.

[tdadams]

What a great idea. Let's hope this is an idea that many other churches across the nation will replicate. How liberating and empowering to deliver your members from the slavery of debt.

[parsifal]

O Lord! Lead thy people to Chapter 7! Show them the way, Lord, show them the way! Help us, thy flock, save our cash for one heck of a dinner-on-the-ground! Amen---Brother Parsy.