. >> reporter: soaries is the senior pastor in central new jersey, and he's on a crusade.roblem than racism? >> yes. >> you didn't even hesitate. >> there's no question to me that debt is a bigger problem than racism. >> it's a provocative theory but soaries stands by his claim. >> we still do pay day loans, rent-to-own, but you see we'll drive shiny cars and we'll wear designer clothes an we have all the appearances of doing well but we won't admit that we're broke. being in debt is slavery. when i'm paying last month's bills with next month's check, that's slavery. when i'm writing a check hoping that it doesn't bounce or when i pull out my credit card praying that it's not rejected, then i'm living in financial bondage. >> reporter: it's a problem exacerbated in today's economy, the worst since the depression. longtime church members doug and mary jeffries feel like they're living in financial bondage. they refinanced their home twice and are now on the verge of foreclosure. they've turned to their pastor for help. >> one day i just broke down. we were at a funeral at t