itxrd

Deans got it spot on. As long as you're sure you're not going to go back and you wouldn't feel bad about it there's not much more to it

Deancm_MKII

If you shaft a bank are you really shafting anyone considering that the banks are more than happy to shaft everyone?

benhila

Banks take bad debt into consideration when deciding on their rates and charges so in effect you are f***ing everyone (as in all the 'little' people) not the banks.

Deancm_MKII

So a person moves overseas leaving say $10K in debt behind and yet a company goes broke with say $600 million in debt. Hmmm, the little people are driving up the rates and charges.

spartacus

Banks simply use that as an excuse to extort more money, in the way of charges, from all of their customers.

benhila

So if you kill only one person (compared to Bin Ladden who killed thousands) you can avoid responsibility? Being dishonest on a 'small' scale is still wrong in my books but maybe I am being old fashioned.

Centurion

It's surely a matter of moral philosophy rather than practicality.

You can do it, but is it moral ?

I would argue that Aristotle would perceive it as not moral and the incorrect course, whereas Kant would consider it to be a matter for the person.

Nietzsche would have done the bunk, because he felt there was no universal morality and men are individuals and must be judged as such.

Schopenhauer would never have got into debt because only though denial of will through poverty can one achieve wisdom.

Debate this all you want, but it's kinda been done to death way before you or I were born and still not answered, nor will ever be.

And frankly, lunch is more interesting to think about anyway

Deancm_MKII

Don't be ridiculous. Killing a person is a completely different ball game altogether.

For a start, if the debtor does a runner the debt will probably get sold so the creditor never actually loses out 100% anyway.

If you kill someone they're dead and they're not coming back. It's final. There's no way to reverse that situation unless you believe in reincarnation.

Deancm_MKII

I agree with Nietzsche on this as morality is socially imposed and varies from society to society.

benhila

You will know all about it, having 'risen from the ashes'

Let's just agree to disagree.

Cheers

mavine1

Wow definitely a hot topic...I fully intend on clearing my debts because I could not live with the fear of a) someone tracking me abroad and b) the consequences if I moved back.....I wish I did have the guts to walk away since my CC company is nothing short of a robber. I have always paid on time...over my repayment and what happens....my interest rate has gone through the roof. That in my opinion is immoral. Lending money at an agreed rate and then hiking up the rate when it suits them.

I do wonder if anyone has actually got caught abroad or when they've come home? The overiding answer I feel is no, judging by the posts. So I guess I am the stupid one! But at least I will sleep at night.

Pollyana

There are some, from my memory of previous threads - either people have been tracked down abroad, or their relatives back home have been harrassed. Tis certainly a hot topic though, always is

neil248

The OP is obviously going to do the right thing. The attitude of some of the others is why humans are the all singing all dancing rubbish of the planet. Nobody forces you to take out a debt and you are honour bound to pay it back or is that attitude part of a Britain that no longer exists? Their opinion would be acceptable if the next time they are burgled or their car stolen they sympathised with the perpetrator if he was more in need than them and let the matter go.

JAJ

If you can pay your debt, you should. End of story.

If you cannot pay, then there are legal devices that allow you at least to start again from zero, such as bankruptcy or an Individual Voluntary Arrangement.

Or you get a creditor to accept (in writing) part payment in settlement of full amount.

SRDL

Hi Jaj,

Do you have any idea how hard it would be to get a creditor to reduce the sum owed for full settlement? (Just read that back to myself - its an actual question...not a rhetorical one!) Does it happen alot? I'm presuming that would have a negative effect on your credit rating?