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The Money Lenders & Changers

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Samson:
Hi Forum,

I got an idea for this Thread as the result of a conversation with another Forum Member based on an experience I had with the Banking Industry this past Friday, Saturday & Sunday.

My Wife and I have recently experienced a measurable change in Our combined Income resulting from a necessary Job change on Her part. Subsequently, Our Monthly Car Payment for the Chevrolet Malibu Maxx is a little higher than We can and should be able to pay. Just to be clear, so there are no misconceptions, We secured this Loan in 2008 under different circumstances with a more than adequate combined Income in good faith. So, I decided to attempt to do things the right way by applying for refinancing on this Car with PNC Bank, they are the original financiers of this Car Loan.

The Financial Consultant said He could get Me a Monthly payment of $250.00 for 60 Months, We currently pay $430.00 Monthly with 34 Monthly Payments left. We were trying to use Time to our advantage and remove some pressure. Now, mind you, My Credit Rating is way over 800. I applied using My Credit Score and just My Income, I was rejected based on My Income being inadequate in comparison to other expenses. So, the next day We reapplied combining both Our Incomes, the only catch being that My wife's Credit isn't very good. So, We had 2 out of 3: 1) sufficient income & 2) My excellent credit, but We got rejected again. The following day I contact Alliance Financial Services and get accepted because of My excellent credit with the likelihood of getting an interest rate of 0% to 3% and a reduction in Monthly payment to $340.00 per Month, but there's one catch, We have to invest in another Car from this local Dealership, the Car doesn't have to be a New purchase, but one that's similar, but a little Newer with less mileage than the 2007 Malibu.

The Hypocrisy & Irony in all of this is that We couldn't qualify for refinancing of Our Malibu, but were easily able to get Financing for another Vehicle. Keep in mind, the Chevy Malibu is in great condition, although the Miles are a little high, 93,000.

Now, all of the above brings Me to the Money Changers & LENDERS that Jesus threw out of the Temple angrily calling them Robbers or Thieves. Subsequently, all of this got Me thinking about the majority of cases where Jesus had harsh words and Judgement towards various groups, then I thought to show how these different groups are the ancestors of these different influential groups Today. The Technology and Sophistication of it might be different, but it's essentially the same deal. Read Below ! I'll explain the analogy.

1) Today's Financial Institutions equivalent to The Money LENDERS & CHANGERS of Jesus Day.

Mat 21:12  And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves,
Mat 21:13  And said unto them, It is written, My house shall be called the house of prayer; but ye have made it a den of thieves.

kollubistēs
kol-loo-bis-tace'
From a presumed derivative of κόλλυβος kollubos (a small coin; probably akin to G2854); a coin dealer: - (money-) changer.

lēstēs
lace-tace'
From ληΐ́ζομαι lēizomai (to “plunder”); a brigand: - robber, thief.

Does the above sound familiar, the Banking Industry are Parasites.

2) Today's Attorneys, Lawyers equivalent to The Teachers of The Law in Jesus Day.

Scribes: grammateus
gram-mat-yooce'
From G1121; a writer, that is, (professionally) scribe or secretary: - scribe, town-clerk.

gramma
gram'-mah
From G1125; a writing, that is, a letter, note, epistle, book, etc.; plural learning: - bill, learning, letter, scripture, writing, written.


3) Religious Leaders of Today equivalent to Pharisees, Sadducees, etc.

Mat 23:13  But woe unto you, scribes and Pharisees, hypocrites! for ye shut up the kingdom of heaven against men: for ye neither go in yourselves, neither suffer ye them that are entering to go in.
Mat 23:14  Woe unto you, scribes and Pharisees, hypocrites! for ye devour widows' houses, and for a pretence make long prayer: therefore ye shall receive the greater damnation.

Mat 23:15  Woe unto you, scribes and Pharisees, hypocrites! for ye compass sea and land to make one proselyte, and when he is made, ye make him twofold more the child of hell than yourselves.

Mat 23:25  Woe unto you, scribes and Pharisees, hypocrites! for ye make clean the outside of the cup and of the platter, but within they are full of extortion and excess.
Mat 23:26  Thou blind Pharisee, cleanse first that which is within the cup and platter, that the outside of them may be clean also.
Mat 23:27  Woe unto you, scribes and Pharisees, hypocrites! for ye are like unto whited sepulchres, which indeed appear beautiful outward, but are within full of dead men's bones, and of all uncleanness.

4) Today's Judicial System, Judges, Jury, Prosecuting attorney equivalent to The Sanhedrin, Governor Pontius Pilate, Herod the Tetrarch in Jesus Day.

Mat 26:3  Then assembled together the chief priests, and the scribes, and the elders of the people, unto the palace of the high priest, who was called Caiaphas,
Mat 26:4  And consulted that they might take Jesus by subtilty, and kill him.

Subtilty: dolos
dol'-os
From δέλλω dellō (an obsolete primary probably meaning to decoy; compare G1185); a trick (bait), that is, (figuratively) wile: - craft, deceit, guile, subtilty.

Mat 26:55  In that same hour said Jesus to the multitudes, Are ye come out as against a thief with swords and staves for to take me? I sat daily with you teaching in the temple, and ye laid no hold on me.

Mat 26:59  Now the chief priests, and elders, and all the council, sought false witness against Jesus, to put him to death;
Mat 26:60  But found none: yea, though many false witnesses came, yet found they none. At the last came two false witnesses,

Mat 27:23  And the governor said, Why, what evil hath he done? But they cried out the more, saying, Let him be crucified.
Mat 27:24  When Pilate saw that he could prevail nothing, but that rather a tumult was made, he took water, and washed his hands before the multitude, saying, I am innocent of the blood of this just person: see ye to it.
Mat 27:25  Then answered all the people, and said, His blood be on us, and on our children.

Comment: At least Pilate publicly admitted Jesus was innocent and was without guilt. The Judicial system of Today is worse, they wouldn't admit anything at the outset.

Comments, Opinions, Scriptures, Ray's article about The real Jesus that People hate which mentions those He mostly directed harsh words towards.

Ready, Here We go. Samson.

thetruth:
Hello Samson,
It is amazing how the Spirit of God enlighten us to truth in all areans of life.Just as when we are in conversation with those in the business world we can IMMEADITALY pick up contradictions in their speech and even recieve confirmation from the Spirit as of the condition of their heart.In truth The Spirit searches the deep things of God!How awesome it is to know once your enlighten by the Spirit of truth.It isnt limited to just spiritual matters, but also to exsposing the things of the world.The hard thing about it is you will get plenty of oppurtunity to Sharpen your skills...lol.God bless..Samson

Dennis Vogel:

--- Quote ---but there's one catch, We have to invest in another Car from this local Dealership, the Car doesn't have to be a New purchase, but one that's similar, but a little Newer with less mileage than the 2007 Malibu.
--- End quote ---

I have a friend who owns a used car lot that sells only 2-4 year old cars. He makes much more money off financing than the markup on the cars. The cars are just an avenue to lend money at a much higher rate than you can get at a bank. He gets enough down-payment so if the car needs to be repossessed he can sell again and not take a bath.

This is just business. Nothing immoral about it. Nobody is holding a gun to his customers head. In fact many of his customers are repeat customers. Many of them have a low credit rating and unable to get a good car anywhere but a used car lot.

In your case the money belongs to the bank (and their depositors) and they are in business to make money. They have rules they use to insure they get their money back with interest/usury.

The car lot you are considering will come out way ahead because you will end up paying a lot more than what you would pay at a bank. You need collateral to get a low interest loan at a bank. You can get a new car at zero percent because there is a markup in the car.

Nothing wrong with usury:

Luk 19:23  Wherefore then gavest not thou my money into the bank, that at my coming I might have required mine own with usury?

The banks are tight with their funds right now because of the uncertainty of the future.

There was a time when I was in your situation and I sold the new car outright and bought something much cheaper to get by. You may want to consider this to protect your credit rating.

Samson:

--- Quote from: Dennis Vogel on January 31, 2012, 05:55:21 AM ---
--- Quote ---but there's one catch, We have to invest in another Car from this local Dealership, the Car doesn't have to be a New purchase, but one that's similar, but a little Newer with less mileage than the 2007 Malibu.
--- End quote ---

I have a friend who owns a used car lot that sells only 2-4 year old cars. He makes much more money off financing than the markup on the cars. The cars are just an avenue to lend money at a much higher rate than you can get at a bank. He gets enough down-payment so if the car needs to be repossessed he can sell again and not take a bath.

This is just business. Nothing immoral about it. Nobody is holding a gun to his customers head. In fact many of his customers are repeat customers. Many of them have a low credit rating and unable to get a good car anywhere but a used car lot.

In your case the money belongs to the bank (and their depositors) and they are in business to make money. They have rules they use to insure they get their money back with interest/usury.

The car lot you are considering will come out way ahead because you will end up paying a lot more than what you would pay at a bank. You need collateral to get a low interest loan at a bank. You can get a new car at zero percent because there is a markup in the car.

Nothing wrong with usury:

Luk 19:23  Wherefore then gavest not thou my money into the bank, that at my coming I might have required mine own with usury?

The banks are tight with their funds right now because of the uncertainty of the future.

There was a time when I was in your situation and I sold the new car outright and bought something much cheaper to get by. You may want to consider this to protect your credit rating.

--- End quote ---


Dennis,

Your points are Well Expressed, but the irony in all of this centers around the fact that I was approved by Brown Daub Chrysler with the Same Income that I presented in My application for refinancing with PNC Bank. Secondly, Brown Daub Chrysler doesn't expect Me to purchase a New Vehicle with them, I can Trade the Malibu, it's in excellent condition and still get a good used Car similar to the Malibu at a lower interest rate than PNC offered Me, they offered Me 8.49 %, remember, My Credit Score is above 800.

My main problem with this type of Business rationale primarily centers around the following: Why was My Income coupled with My good credit score good enough to originally purchase the Chevy Malibu in 2008, remember, that's MY INCOME only, not including My Wife's, but now with essentially the same Income, it isn't good enough for refinancing with the same Bank that originally gave Me the loan.

Another thing that is totally dishonest & greedy, whether it's "Legal" or not, centers around compounding interest on Loans, ie- placing almost all of the interest the first 1-3 years causing almost no principle to be paid on the loan, it may be "Legal," but it sure sounds like exploitation to Me.

Anyway, a far better alternative presented itself to Me, unexpected this was and centers around a particular help from a Family Member, unexpected because it wasn't solicited on My part, so I guess all of this doesn't really matter at this time. My Thanks goes to God.

Dennis, Now I realize that We didn't have to secure the Loan in the first place back 2008, but We did so in good faith with proper motive and much better income. We had no way of knowing that Our financial circumstances with drastically change. My wife makes only 50% of the total Net that She made prior to changing Jobs. Her former place of employment is officially closing down this June anyway. That's a State Government Job, State of NJ that is.

Anyway, I understand & accept your points Dennis and My problem isn't with the Car Dealer(Brown Daub), it's with PNC Bank, at least the Car Dealership was going to work with Me and valued my excellent credit.

Thanks, Samson.

P.S. I understand that the high Mileage of 93,000 was factor in not offering Me a better interest rate, but the Car in question(Malibu) is hardly getting driven anymore, hence lower insurance required. Prior to last June, the Car was being driven 50 miles daily to work, round trip, now it's only 15 miles round trip since June 2011 and I explained this to PNC and can prove it. So therefore, it won't accumulate much mileage anymore and hasn't for the last six months.

Shawn Fainn:
Gotta love interest on loans. Still hurting from good ol' Sallie Mae myself. Thankfully I'll have that paid off here pretty soon.

Anyway, I can relate with how you feel.

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