Amish RakeFight
Registered Loser
- Joined
- Dec 28, 2005
- Posts
- 8,006
I agree that it's not ethical to skip out on debt, but look at his position. He's up rivers creek with this size of a loan and nothingto show for it. He isn't intending on a career. What he is now is an indentured servant, having to pay back all that money. He's going to tread water for years payingthis back when he could do better by saving what he earns. If it's the difference between starving/roof over head and paying back some impersonal bank a truck load of money plus interest, I'd go with defaulting. I mean how is this poor guy going to get on with life if he's contributing it all to some dumb loan.
I don't know what the ramifications are for defaulting or whether it can be discharged via a bankruptcy, but my impression is that this guy is drowning in this debt which according to him, the prgoram didnt live up to his expectations.
It's no fun being an indentured servant. I've had a similar situation before, so I speak from experience.
I don't know what the ramifications are for defaulting or whether it can be discharged via a bankruptcy, but my impression is that this guy is drowning in this debt which according to him, the prgoram didnt live up to his expectations.
It's no fun being an indentured servant. I've had a similar situation before, so I speak from experience.