Do you have a moral obligation to repay your debts?
Let’s assume you have $75,000 in credit card debt. And one day you realize that you just can’t repay it. So you don’t. You struggle to pay some. But most of the time you don’t.
Do you have a moral obligation to repay your debts?
What if the debt is from cars, parties, electronics, and tons of junk?
What if all the debt was from hospital bills due to illness?
What if the CC companies call you and offer you 50% off to settle? Would it be morally wrong to accept the offer? Have you shirked some moral obligations? What if you had the cash to settle but just didn't want to?
Does the West have a moral obligation to cancel third world debt?
What makes repaying debts moral?
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