No Such Thing as a Free Loan (pages 10-17) After reading this article, what kind of regulations, interest caps, limits do you think the law should impose on loan businesses, if any? Discuss. Do you think churches and faith-based organizations should be involved in people's financial lives? Why or why not? List as many kinds of debt as your group can think of: mortgage, credit line, school loans, corporate debt, individual debt, title loans, tax-refund advances, etc. What kinds of debt are acceptable to your group? What kinds are unacceptable? Talk about the difference between "good debt" and "bad debt" and discuss your differences in opinion. What influences your decisions about spending or saving money? What percent of your income do you save for unforeseen emergencies, if any? Do you have a personal budget? If so, how is it helpful to you? If not, do you think that a personal budget is a good or a bad idea? Elaborate. What do you feel when you drive through a neighborhood that has a lot of check-cashing and quick-loan services? What do you think about the businesses themselves, and the people who use their services? Have you ever been in real need of some quick cash? What was that like for you? How did you obtain it? Share stories and listen to each other without judging or offering advice.
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