Reported 27 days ago
Finance expert Dave Ramsey recently advised against a church's request for senior members to cosign a $2.3 million expansion loan, citing the potential risks and ethical concerns involved. Ramsey emphasized that churches should not place financial burdens on their congregants and advocated for fiscal responsibility within religious institutions. His comments came after a caller expressed discomfort with the church's financial demands, raising questions about its financial stability and the wisdom of seeking personal guarantees from members.
Source: YAHOO