View Poll Results: Is there a moral obligation to repay money you borrow?

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  • If you borrow money, you are morally obligated to repay it.

    110 34.48%
  • I feel no moral obligation to repay loans I've taken out

    209 65.52%
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Thread: Are you morally obligated to repay a loan that you take?[W:461]

  1. #521
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Gringo allstar View Post
    What in the hell does that have to do with repaying a loan???
    Who's being holier then thou?? Great Strawman though!..meow
    You want to pretend like morality is clear as spring water. Well, it's not. Take any college-level ethics class and you will quickly learn that the world is not as simple as you would naively like to think it is. You had a problem with my statement that morality is not so black & white that dishonesty is always a bad thing. So I attempted (that being the key word here) to make you see that such moral issues are complex and rely entirely on context.

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Bodhisattva View Post
    Yes... unless the borrower makes it too difficult to repay... then screw them.
    Difficult to pay? You mean like the lender picks up and moves in the middle of the night with no forwarding address?
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  3. #523
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    Re: Are you morally obligated to repay a loan that you take?

    Yes, you are obligated to pay at least the principal. Taking money and not repaying it is morally theft.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

  4. #524
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Papa bull View Post
    I wonder how many that think repaying loans is "optional" think that giving you back the money you deposit is also optional? You can take legal action against them so they have no obligation to return your funds if they decide they would rather not. Right?
    I get a kick out of watching Judge Judy at lunch time. Most of her cases involved one party loaning another party a sum of money, but the other party considers that loan a gift or lies about it. What I find equally funny is the number of people, who have no clue the difference between borrowing money and loaning money, and they use the words interchangeably to mean the same thing, to which Judge Judy immediately corrects them.

  5. #525
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by polgara View Post
    Greetings, AlbqOwl.

    Other than banks, but on a more personal basis, money borrowed from friends or family doesn't necessarily have to be repaid in money if you are broke. It can always be paid in doing jobs done such as lawn or garden work, babysitting or something the lender wants or needs. That is the basis for the huge barter system in this country, and it works. A doctor could agree to have an out-of-work carpenter build storage units for an office or his home, as an example. The loan could be repaid that way, and both parties would be satisfied. Just a thought....
    It all depends on what the agreement was in the first place. If I agreed to repay a loan from mom or a sibling or whomever in the family, IMO I am morally obligated to repay the loan in cash unless the agreement is renegotiated. If the money was given no strings attached, then I feel obligated to repay the kindness somehow though it doesn't necessarily have to be in money.
    "I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it." --Benjamin Franklin 1776

  6. #526
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by AlbqOwl View Post
    It all depends on what the agreement was in the first place. If I agreed to repay a loan from mom or a sibling or whomever in the family, IMO I am morally obligated to repay the loan in cash unless the agreement is renegotiated. If the money was given no strings attached, then I feel obligated to repay the kindness somehow though it doesn't necessarily have to be in money.
    If money is loaned you should plan on repaying with money, strings or not. Alternate repayment methods are only acceptable with the agreement of the lender... though I think it is rude to suggest alternate methods unless you simply have no other choice. A family member will often agree so as to not cause any drama but will still secretly resent not being repaid in like kind.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  7. #527
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by radcen View Post
    If money is loaned you should plan on repaying with money, strings or not. Alternate repayment methods are only acceptable with the agreement of the lender... though I think it is rude to suggest alternate methods unless you simply have no other choice. A family member will often agree so as to not cause any drama but will still secretly resent not being repaid in like kind.
    I agree, though some money to help folks out really is given no string attached. But that should be made very clear at the time the money is given and should not be assumed by the one receiving the money even if nothing is said about repayment. Many years ago when my husband and I were really struggling in the early years of marriage, a cousin came through town. Short of cash he borrowed $20 which was a huge sum to us at that time. He said he would send it right back as soon as he arrived home. That was the last time we ever heard from him even though he went on to prosper. It wasn't the $20 that made that memory a sore spot, but it was the betrayal of a promise.

    To honor our word and keep our promises in all things is a mark of character. Those with character will honor their word and keep their promises to the very best of their ability even if they don't have to.
    "I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it." --Benjamin Franklin 1776

  8. #528
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by TeleKat View Post
    You want to pretend like morality is clear as spring water. Well, it's not. Take any college-level ethics class and you will quickly learn that the world is not as simple as you would naively like to think it is. You had a problem with my statement that morality is not so black & white that dishonesty is always a bad thing. So I attempted (that being the key word here) to make you see that such moral issues are complex and rely entirely on context.
    Actually you're reading waay to much into it. The OP is about repaying a loan, and if you need a " college level ethics class" to know the correct answer to this question it sounds as if your parents failed quite miserably??

  9. #529
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by KevinKohler View Post
    I have a hard time trusting a lot of that info. Everyone has a profit motive. Even ratings agencies. Remember, those bad loans that crashed our market in 08'? They were given top ratings...
    The ratings agencies most definitely have a profit motive, but I don't know that I would say everybody is motivated by profit. There are a lot of people who choose much less profitable endeavors because they feel that they're doing something useful for the world.

  10. #530
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by radcen View Post
    Are people who pay back loans suckers?
    Personally, I don't think they are. They are engaging in business. It is generally good that loans are repaid (unless the loans are predatory or the result of people exploiting the financial ignorance of another) because our society currently needs this economic system.
    Last edited by tacomancer; 01-25-15 at 07:31 AM.

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