WTBS to discontinue charging interest on all future loans!

by tsar_robles 12 Replies latest watchtower beliefs

  • tsar_robles

    By the way, they did read something in that letter about reminding congregations to send their surplus money to the WTBS holding account; but were reassured that they can pull those funds at any given notice. Existing loans will also continue to accrue interest; this new rule only affects new loans.

  • OnTheWayOut

    This is almost certainly some legal necessity because they have started holding the savings
    of congregations. They act as if they are just doing this for everyone's good. If it is so good
    a thing to do for the brothers and sisters, they could drop the interest on the old loans.
    Since they don't, the law won't care about their old loans.

  • DaCheech

    if they start soliciting money to accrue in their deposits.... is this not going to backfire where congregations might have lawsuits and the watchtower is also named?

    I thought they were trying to separate themselves legally

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