Quote:
Originally Posted by woj
What will that accomplish? She will just learn that she can spend more than she earns and can get away with it by just filing bankruptcy, so she will repeat it again few years down the road dragging the guy into it with her... 
and besides, one would have to be real sack of shit to even consider something like that...
where I came from, when you borrow the $$$, you do whatever it takes to pay it back...
especially considering the amount is relatively small and she pissed it all away like an idiot, it's not like she got blindsided by some medical bills for $500k or something...
she needs to get her shit together, and pay it back... |
Depends on who she owes the money to. If it's another person, I agree wholeheartedly with what you're saying.
Sure she should try to pay the bank loan, but if she can't in a reasonable time period, then why should she? The bank isn't ethical - they just do whatever it takes to make more money. And yes, banks literally "make" money for loans via the Federal Reserve. As for what the bank is losing ... likely little to nothing. Borrow money from the FED at 0.00-0.25 and loan out at 10% or whatever - the bank is making a bundle even if a large number of borrowers default; it's already factored in ... and, especially if it's a large bank, they've miscalculated their exposure, no problem, the government will bail them out.
Bottom line, ethics mean little to nothing in business, especially when the framework itself is corrupt and tilted against the average person (read a EULA or consumer agreement sometime; credit cards can charge any interest rate they want and yet an individual legally can't). One needs to look out for their best interests just like businesses do for theirs.