DeForest B. Soaries, Jr., senior pastor of First Baptist Church of Lincoln Gardens in Somerset, NJ burned credit card offers his church members brought to service last Sunday, in order to bring awareness to the debt issues which plague many African Americans. The former Secretary of State for New Jersey publicly burned the letters in the parking lot of the church as he disputed financial companies targeting vulnerable borrows who get themselves in trouble by borrowing too much.
“The time has come for us to stop making people rich off of our ignorance. We need to do something against consumer debt,” Soaries told the crowd. “We are burning up these offers as a show of enthusiasm against these practices–to minimize the use of credit cards, to moderate the debt.
Soaries, author of dfree: Breaking Free from Financial Slavery, is also working on programs which will campaign to shut down anti-payday loan centers around the country.