• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

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

Is there a moral obligation to repay money you borrow?

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

    Votes: 91 92.9%

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

    Votes: 7 7.1%
  • Total voters
    98
Re: Are you morally obligated to repay a loan that you take?

Henrin said:
No, the point didn't fail at all. Since government is immoral in my opinion using your logic I have no moral obligation to pay back any government loans that I might have.
Click to expand...

Hope you like prison then.
 
Re: Are you morally obligated to repay a loan that you take?

tacomancer said:
That person wasn't good enough at their job to assess risk correctly.
Click to expand...
Yeah it's all their fault. :lamo

I think I'm done here.
 
Re: Are you morally obligated to repay a loan that you take?

Ockham said:
Yeah it's all their fault. :lamo

I think I'm done here.
Click to expand...
It wasn't all their fault but if they can't be bothered to properly assess fico scores and other well known indicators that have long since been computerized and actuaried to death, they aren't good at their job

I've seen the screens finance managers see, they are simple to understand
 
Re: Are you morally obligated to repay a loan that you take?

tacomancer said:
It wasn't all their fault but if they can't be bothered to properly assess fico scores and other well known indicators that have long since been computerized and actuaried to death, they aren't good at their job
Click to expand...
This is the justification I've been talking about..... thanks for proving my point.
 
Re: Are you morally obligated to repay a loan that you take?

Cephus said:
Hope you like prison then.
Click to expand...

You do realize that was the joke at the end of my post, right?
 
Re: Are you morally obligated to repay a loan that you take?

Ockham said:
This is the justification I've been talking about..... thanks for proving my point.
Click to expand...
That's reality kid. Sorry you dislike it
 
Re: Are you morally obligated to repay a loan that you take?

CanadaJohn said:
Good evening Risky

And no, it's actually been an interesting and enlightening discussion.
Click to expand...

Hi John, thanks. I actually meant to respond to the following post. I responded to the OP by mistake.

Papa bull said:
LOL. That's what I figure most lefties would say. "screw 'em, let them keep the house (or car or TV or furniture) since it isn't worth what I paid for it".
Click to expand...
 
Re: Are you morally obligated to repay a loan that you take?

tacomancer said:
That's reality kid. Sorry you dislike it
Click to expand...

That's ****ty morality and justifying ****ing over someone for your own benefit. It is reality - but it's not MY reality since I don't **** over corporations for money and I don't **** over people and justify it by saying they must have been horrible at their job. :shrug:
 
Re: Are you morally obligated to repay a loan that you take?

Goshin said:
Agreed, words mean something.

People mean something too though.

A lot of people find themselves in circumstances they didn't expect. When they were 30yo professionals bringing in a household income of 120k a year, that 25 year mortgage probably sounded like something they could easily manage.

When twenty years later the business Mr was in doesn't exist anymore thanks to outsourcing or technology, and Mrs was stricken by a strange disorder that has left her unable to work, things look a lot different.

A little humanity towards one's fellow man may not be a fundamental business principle... but maybe it should be.
Click to expand...

There is a difference between having compassion and trying to modify the agreement and dealing with people who figure screw it, they don't have to pay it back because they don't feel like it.
 
Re: Are you morally obligated to repay a loan that you take?

Cephus said:
There is a difference between having compassion and trying to modify the agreement and dealing with people who figure screw it, they don't have to pay it back because they don't feel like it.
Click to expand...



I agree, and that's all I was saying in the first place.
 
Re: Are you morally obligated to repay a loan that you take?

Thrilla said:
well, I suppose that's one way to rationalize it.
Click to expand...

No, it's not. The bank taking action when you failed to pay them back is them standing by their word, not you standing by yours.
 
Re: Are you morally obligated to repay a loan that you take?

sangha said:
The bottom line is that, like myself, you decide whether a course of action is moral based on a number of factors, including who will be affectde by the action and how.
Click to expand...

fair enough.... i'm not seeing it too much on the issue of repaying loans/debts... but I do see it on other issues.

in the end, i'm happy and content with how I do things....there's no downside to holding debt repayment as a moral obligation.
 
Re: Are you morally obligated to repay a loan that you take?

EMNofSeattle said:
lets turn it around, if you lend your brother in law 10K and he never speaks to you again was it worth the investment?
Click to expand...

Not sure what you're getting at.
 
Re: Are you morally obligated to repay a loan that you take?

Henrin said:
No, it's not. The bank taking action when you failed to pay them back is them standing by their word, not you standing by yours.
Click to expand...

I said it's one way to rationalize it... not the only way, and not the correct way..... one way.
 
Re: Are you morally obligated to repay a loan that you take?

Ockham said:
That's ****ty morality and justifying ****ing over someone for your own benefit. It is reality - but it's not MY reality since I don't **** over corporations for money and I don't **** over people and justify it by saying they must have been horrible at their job. :shrug:
Click to expand...
Lol quite the emotional reaction to every day life
 
Re: Are you morally obligated to repay a loan that you take?

tacomancer said:
Your sense of morality is screwed up big time so your view on my view means nothing.

Business is necessary and I learned a long time ago to play my role while working so I have more resources to be me during the times I can be free. The world is what it is. Some believe in it and some dont. I believe in it enough to get my living resources (and I've gotten pretty good at it) but its just an artificial game to me. But this is unimportant and if you want to laugh SL be it, I will continue to enjoy my life on my terms.
Click to expand...

My morality being screwed up or the shining example for all the world to follow is not what you should be concerned about.
 
Re: Are you morally obligated to repay a loan that you take?

Henrin said:
My morality being screwed up or the shining example for all the world to follow is not what you should be concerned about.
Click to expand...
Heh if you say so

But you called my view immoral so I will disagree as it brings your judgment into question
 
Re: Are you morally obligated to repay a loan that you take?

tacomancer said:
Lol quite the emotional reaction to every day life
Click to expand...

Quite a way to justify screwing over people who depend on those soulless corporations for their livelihood. "They aren't good at their job" is what you said.

See, it took what... 3 posts to get that justification of screwing someone over for money to come out. Easy peasy.
 
Re: Are you morally obligated to repay a loan that you take?

Goshin said:
Agreed, words mean something.

People mean something too though.

A lot of people find themselves in circumstances they didn't expect. When they were 30yo professionals bringing in a household income of 120k a year, that 25 year mortgage probably sounded like something they could easily manage.

When twenty years later the business Mr was in doesn't exist anymore thanks to outsourcing or technology, and Mrs was stricken by a strange disorder that has left her unable to work, things look a lot different.

A little humanity towards one's fellow man may not be a fundamental business principle... but maybe it should be.
Click to expand...

The federal regulators may not allow it.


I kid you not. A bank in our area almost got shut down because they were trying to work with people down on their luck. The regulators saw it as fraud by the bank in trying to conceal their default rates.
 
Re: Are you morally obligated to repay a loan that you take?

Ockham said:
Quite a way to justify screwing over people who depend on those soulless corporations for their livelihood. "They aren't good at their job" is what you said.

See, it took what... 3 posts to get that justification of screwing someone over for money to come out. Easy peasy.
Click to expand...
I'm not screwing anybody, I've never defaulted on a loan because I want to keep good interest rates. But again its only a business consideration. I don't write the rules but I want a good life by my terms so I play the game as necessary to achieve that.

I don't want anyone to lose a job they like but the world is a screwed up place and people will at times not pay back loans. They may die, lose a high paying job and simply not have the money, they may need to cut a poor investment, or whatever. It happens and is a statistical concern, not a personal one. You can call it justification if you want, but in reality, its a business model to incur some loss on risk. A good loan officer already understands this. I don't see why you are getting all upset about math...
 
Last edited:
Re: Are you morally obligated to repay a loan that you take?

tacomancer said:
I'm not screwing anybody, I've never defaulted on a loan because I want to keep good interest rates. But again its only a business consideration. I don't write the rules but I want a good life by my terms so I play the game as necessary to achieve that.
Click to expand...
Good that you never defaulted on a loan.

tacomancer said:
I don't want anyone to lose a job they like but the world is a screwed up place and people will at times not pay back loans. They may die, lose a high paying job and simply not have the money, they may need to cut a poor investment, or whatever. It happens and is a statistical concern, not a personal one. You can call it justification if you want, but in reality, its a business model to incur some loss on risk.
Click to expand...
To those who have flexibile morality it's justification. Even you who hasn't defaulted on a loan, who doesn't want someone to lose a job over a default - still did, justify it by stating they must not be very good at their job - therefore they deserved to lose their job.

Going back to my main point - if a person can morally justify screwing a bank over or a corporation or business over money and justify it - like saying "they are a soulless evil company", that same person would have no problem doing the same thing to someone they know and justify it the same way. That's my opinion. If I met someone who I knew screwed over someone else like that, I'd never consider either hiring or lending them money. Sorry you don't like that - but that's the way it is too. Anything else I have to say would be repetitious so - have a nice night.
 
Re: Are you morally obligated to repay a loan that you take?

Ockham said:
Good that you never defaulted on a loan.

To those who have flexibile morality it's justification. Even you who hasn't defaulted on a loan, who doesn't want someone to lose a job over a default - still did, justify it by stating they must not be very good at their job - therefore they deserved to lose their job.

Going back to my main point - if a person can morally justify screwing a bank over or a corporation or business over money and justify it - like saying "they are a soulless evil company", that same person would have no problem doing the same thing to someone they know and justify it the same way. That's my opinion. If I met someone who I knew screwed over someone else like that, I'd never consider either hiring or lending them money. Sorry you don't like that - but that's the way it is too. Anything else I have to say would be repetitious so - have a nice night.
Click to expand...
based on your posts, that would never be a concern
 
Re: Are you morally obligated to repay a loan that you take?

justabubba said:
based on your posts, that would never be a concern
Click to expand...

Be clear --- it wouldn't be a concern meeting someone like that - or lending the money?
 
Re: Are you morally obligated to repay a loan that you take?

Ockham said:
Good that you never defaulted on a loan.

To those who have flexibile morality it's justification. Even you who hasn't defaulted on a loan, who doesn't want someone to lose a job over a default - still did, justify it by stating they must not be very good at their job - therefore they deserved to lose their job.

Going back to my main point - if a person can morally justify screwing a bank over or a corporation or business over money and justify it - like saying "they are a soulless evil company", that same person would have no problem doing the same thing to someone they know and justify it the same way. That's my opinion. If I met someone who I knew screwed over someone else like that, I'd never consider either hiring or lending them money. Sorry you don't like that - but that's the way it is too. Anything else I have to say would be repetitious so - have a nice night.
Click to expand...

1. Please show me a bank that has finance managers even making decisions vs doing what the computer tells them to do after being programmed by statisticians.
2. Please show me a financial institution where employment decisions are made on the basis of a single loan. (If its not within the plot of its a wonderful life, even better)
3. Hell I would like to even see a bank that doesn't sell its loans to a broker (largely insulating individual finance managers) on a regular basis.

The more I think of your scenario, the more I realize how stupid it is because the likelihood of fillings points 1, 2, and 3 above are astronomically low. All you are doing is getting outraged over a figment of your imagination which has nothing to do with how finance institutions operate.

But please continue this outrage, now that I understand what's going on in your mind, its entertaining to watch you fool yourself.
 
Re: Are you morally obligated to repay a loan that you take?

All I know is when I am rich, before I loan anybody money, everybody is going to have to sign an affidavit that they never were a member here under certain user names before they will get a cent.
 
You must log in or register to reply here.
Back
Top Bottom