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