Friday, July 17, 2009

Borrowing Money

Dr. Couch, should churches borrow money for building during these tight times? And should they ever borrow for various projects?

ANSWER:  The Bible is not against borrowing but it can be risky and must be done carefully. The Bible is against usury, that is, it is against excessive charging of interest. I would certainly be against borrowing large sums, especially with what is now happening in our nation.

   I believe many churches are on an ego trip. They feel they have to build new buildings in order to be viable. I do not believe that! Churches should operate within their means and not go beyond what they are capable of handling. To have a huge mortgage in today's climate would be foolish!

   Thanks for asking.
   Dr. Mal Couch