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. #631
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    Re: Are you morally obligated to repay a loan that you take?[W:461]

    Quote Originally Posted by ocean515 View Post
    LOL

    I see. So how do you judge a person before you've had a chance to know their actions?
    You raise a good point.

    There is a reason that people with no credit history have a tough time getting certain kinds of loans. And there is a reason that credit ratings have become big business.

    Those who have used easy credit judiciously, who paid their creditors as agreed, who aren't maxed out on their credit cards, who aren't living paycheck to paycheck, and thereby achieve good credit scores, will almost always qualify for the loans they apply for. But have no track record to show or create a bad financial reputation, and you better have some rich good friends if you need certain kinds of loans. And be prepared to pay much higher interest rates for most of the loans you do manage to qualify for than those people with high credit scores have to pay.
    "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

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    Re: Are you morally obligated to repay a loan that you take?[W:461]

    Quote Originally Posted by iliveonramen View Post
    Hahaha! People of little character. Gotta love conservatives that tend to take credit for abstract moral questions. 97% of conservatives said that infidelity is very immoral. I'm sure that only 3% of conservatives cheat on their spouse....Conservatives also tend to not have pre-marital sex and never get abortions.
    I think most people think infidelity isn't moral. Where did you get the poll result of 97%?

    I'm conservative and I had pre-marital sex. Are you confusing conservatives with Christians? They aren't necessarily the same thing you know.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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    Re: Are you morally obligated to repay a loan that you take?[W:461]

    Quote Originally Posted by Papa bull View Post
    And as I said before, the fact that an entity is amoral does not mean that the behavior of that entity is beyond moral judgement. We both know that you would consider it very immoral for the "amoral" business that employs you to tell you it's decided not to pay for the work that it agreed to pay you for. If you enter into a bargain and you don't hold up your end, you are behaving immorally and it's just nonsense to rationalize that if you do it in the course of business, that business is amoral and, therefore, screwing someone by not holding up your end of the deal you both agreed to isn't immoral for you.

    If you want to claim that businesses cannot act in an immoral way, just say it so I can cut that quote out and make myself a signature line that looks like this:

    Go ahead and confirm that quote for me. Thanks.
    You apparently don't understand the difference between amoral and immoral. It's perfectly possible for an amoral entity to engage in both moral and immoral behavior at different times and under different conditions.
    I fight against the ignorant, irresponsible, and/or closed-minded.
    This group is the worst enemy of America and its freedoms. It includes, but is not limited to, all Trump supporters.

  4. #634
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Declan View Post
    Yes for so long as my situation allows me to repay it.
    You can repay someone $1 at a time.
    32 “Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. 33 But whoever disowns me before others, I will disown before my Father in heaven.
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    Re: Are you morally obligated to repay a loan that you take?[W:461]

    Quote Originally Posted by tres borrachos View Post
    I think most people think infidelity isn't moral. Where did you get the poll result of 97%?

    I'm conservative and I had pre-marital sex. Are you confusing conservatives with Christians? They aren't necessarily the same thing you know.
    Doesn't matter...we're all sinners...some more than others.
    32 “Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. 33 But whoever disowns me before others, I will disown before my Father in heaven.
    Matt. 10:32-33

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    Re: Are you morally obligated to repay a loan that you take?[W:461]

    Quote Originally Posted by AlbqOwl View Post
    You raise a good point.

    There is a reason that people with no credit history have a tough time getting certain kinds of loans. And there is a reason that credit ratings have become big business.

    Those who have used easy credit judiciously, who paid their creditors as agreed, who aren't maxed out on their credit cards, who aren't living paycheck to paycheck, and thereby achieve good credit scores, will almost always qualify for the loans they apply for. But have no track record to show or create a bad financial reputation, and you better have some rich good friends if you need certain kinds of loans. And be prepared to pay much higher interest rates for most of the loans you do manage to qualify for than those people with high credit scores have to pay.
    All very true. I first established credit by financing a $200 car stereo. $20/mo for one year. The $40 was the interest. Do the math. I could have paid cash, but I wanted to begin to establish my credit worthiness. It never crossed my mind to borrow money to buy something unless I absolutely was committed to the effort to pay off the loan.

    Today, someone with little to no job history can borrow $100k and not begin payments for years, as long as they go to college.

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

    Quote Originally Posted by iliveonramen View Post
    Businesses are immoral. The business world acts in a manner where transactions are arms length and each party acts in their own self interest. That's been my whole argument.....I'm not sure how stating the obvious makes me a hypocrite....
    Your points:

    1. Businesses are immoral.

    2. You should do as they do when doing business.


    Based in on this, you are either immoral or a hypocrite. Do I need to spell out the reasoning or do you get it? The flaw is the premise that business will be immoral. When a bank gives you the honest terms of a loan. And you agree. And they cut your check. And they follow their agreement. The bank did nothing immoral. But if you don't follow through on your obligation, as agreed. (Just like they followed through in good faith) you do something immoral.
    Last edited by Papa bull; 01-26-15 at 06:13 PM.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Are you morally obligated to repay a loan that you take?[W:461]

    Quote Originally Posted by Papa bull View Post
    Your points:

    1. Businesses are immoral.

    2. You should behave as they do when doing business
    Yup. Pretty much. When you are operating in the jungle you play by the rules of the jungle.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Are you morally obligated to repay a loan that you take?[W:461]

    Quote Originally Posted by iliveonramen View Post
    Yup. Pretty much. When you are operating in the jungle you play by the rules of the jungle.
    Excellent. Now go back and reread. I'm using an iPad and touched send before I was done.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Are you morally obligated to repay a loan that you take?[W:461]

    Quote Originally Posted by Papa bull View Post
    Your points:

    1. Businesses are immoral.

    2. You should do as they do when doing business.


    Based in on this, you are either immoral or a hypocrite. Do I need to spell out the reasoning or do you get it? The flaw is the premise that business will be immoral. When a bank gives you the honest terms of a loan. And you agree. And they cut your check. And they follow their agreement. The bank did nothing immoral. But if you don't follow through on your obligation, as agreed. (Just like they followed through in good faith) you do something immoral.
    The agreement is that you either pay back the loan or the bank seizes the asset. That's the obligation you agree to. If you paid 90% of the mortgage and lost your job...the bank would seize the asset if you couldn't pay...is that moral? No...that's the agreement you worked out with the bank.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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