Showing posts with label loans. Show all posts
Showing posts with label loans. Show all posts

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