#TOYOURCREDIT is the Archbishop of Canterbury’s initiative to create a fairer financial system focused on serving the whole community, where everyone has access to responsible credit and savings and other essential financial services.
What does the bible say about money? How does Christian tradition help us think about money and debt?
We invited six theologians to reflect on the themes of money and debt. To unpack some of the biblical teaching, explain the interpretation of this teaching throughout Christian tradition and to suggest how churches and individuals could apply this teaching today.
Over the series of four 10 minute films we find out why the Old Testament Laws gave so much attention to debt and the significance of the concept of 'Jubilee', what the early church taught about usury and how Christian tradition has shaped contemporary views on debt and lending. We'll also be asked to consider our individual attitudes and behaviour around money, and finally look at why churches should be getting involved with issues of money and debt.
The Church Credit Champions Network has been helping churches engage on money and debt issues across London and Liverpool since 2014. This has been part of a successful pilot programme through which the Network has engaged over 300 churches, and helped sign-up 2,500 new credit union members in the process!
This June, in London, the Network is excitingly launching the inaugural ‘Credit Union Month’. Throughout the month of June, Churches across London will be running pop-up stalls at their Sunday services over tea and coffee, offering churchgoers the chance to find out more about credit unions and to join them!
This joint up movement of action is a chance for all of the churches engaged by the Network in London, and more, to take a clear stand against exploitative lending and unethical financial institutions together. It will also help to create growth and awareness of London’s credit unions.
Interactive training sessions are being run across the Diocese of London area to equip churches to run stalls, but also to find out more about credit unions generally and how best to support them. Each training session will be free, well-catered and open to anybody, whatever your knowledge!
This is a simple and low-effort way to join in with a movement for change and a fairer financial system. It is an effective and no-strings-attached way to be part of winning the ‘War on Wonga’. Could your church join in?
As the Archbishop' Task Group on Responsible Credit and Saving publishes a report focusing on it achievements and outcomes, Sir Hector Sants reflects on the progress made by the group through its core initiatives.
The Task Group began its work in earnest in March 2014. We started by identifying specific areas where the church and its community could make a real difference to helping people manage their money well and whilst at the same time strengthening the place of the church in their community.
The initiatives we selected are ones which can have a meaningful and positive impact on those objectives.
The initiative also generated a degree of enthusiasm and support from the church which truly surprised me. We really tapped into people’s hearts as well as minds. The two core initiatives, Credit Champions and Lifesavers are now up and running, and demonstrating how much they can change lives.