It depends on if you can afford to pay it or not.
Was the debtor pissing off money on luxury items like expensive dinners or were they trying to just put food on the table?
Spending addiction does similar things to the brain as drugs, on a biological level. People get a 'high' from it, and feel compelled to repeat that experience when the high wears off. Credit card companies are like pushers, in my opinion.
Nope. The debt a person has is an investment made by a company.
Investment carries risk. They knew that when they got into it, which is why they charge interest.
If they make a bad investment, they deserve to lose on that investment just like I would if I made a bad investment.
Tucker Case - Tard magnet.
Is it immoral? I think so, yes. It isn't illegal though, so if people don't care if they maintain their moral stance, they're perfectly able, within the constraints of the law, to try to get away with paying less than the full amount owed.
Morality and legality rarely have anything to do with each other.
I don't know if it's immoral or not. It has a lot to do with the situation. If a person is paying for ridiculous interest, then no, it's not immoral to negotiate a different interest rate or reduction.
I see nothing immoral at all about bartering (which is essentially what that is). If I barter with someone and they accept my offer, how in the world is that immoral?
What's immoral is gathering a debt from someone and then just giving them a big '**** you' when it comes due.
Neither side in an argument can find the truth when both make an absolute claim on it.
Things got a little more heated when the banker told me that the best he could do for me was to show me how to balance my check register. That was the end of my banking with WellsFargo. When the collector called about it, I told him that I was glad he called because I wanted to know where to present my 438.19 bill for repayment of the money WellsFargo took illegally. They have never called back and it has never shown up on my credit report.