MONEY MORAL DILEMMA. Would you take the job?

mrwibble

The_Haunted wrote:

Take the job. If other people are stupid enough to take out huge debts at massive APRs that's their problem. I'm fed up with the hand holding and lack of personal responsibility many people have come to expect. If you can't afford it, don't buy it.

Well my moral compass doesn't extend to selling inappropriate financial products to vulnerable people - if yours does then I find that aspect of your character distasteful personally. I agree with your last sentence though I'm not morally neutral on the matter (btw I work in creating solutions to catch (very) bad guys and I am aware of how nasty many people can become)

The_Haunted wrote:

If you are not happy doing the work then look for another one after you take the job; I believe it is easier to get a job when you are already employed.

If you actively find it distasteful then don't do it - I certainly wouldn't - there are other jobs out there.

Targanielle

I would not take the job, since it goes against all my principles, UNLESS my family's welfare was at stake. And things would have to be REALLY bad for me to take that particular job!

Yes it's my responsibility to get myself out of the debt hole I got into but it is not ethical (in my view) to encourage others to get into similar holes.

That's me personally. Sam, however, has to weigh up all her/his options and feelings carefully before making a decision.

moneyisanumber

Sam should take by the job and look for another one in their free time straight away if they have an issue with it. No need to mention it to their next employer if they don't want to look like a job hopper.

I agree with Ebenezer the moral dilemma isn't an issue. They willingly sign away their money and if they are "vulnurable" their family or the government are responsible for educating/protecting them regards finance. Sam is not a nanny.

hollydays

I am thinking of selling crack to the Brownies

Beechy164

The high apr % for door step collection is stated as a reason for not doing the job. I have a couple of questions
1. If a loan has an apr 195% (for example) and the loan term is 30ish weeks what is the flat rate apr?
2 What happens if someone with a loan of this type, when they miss a week, do they get charged more interest.

On TV this morning there was a report stating that the OFT was not going to cap the rates charged by door step lenders. Surely this must satify the moralistic writers that the current situation has been reviewed and the findings indicate that the industry is operating fairly.

freelancemermaid

i totally agree with both of you.

how can we expect others (companies or individuals) to act responsibly and dare i say it, with care for others, if we won't ourselves?

i have fairly crushing (mature) student debt but am determined only to work for ethical organisations and in jobs where i can make a positive contribution to the world.

rsbystry

Take it!!!!!!

The old adage that it's easier to find a job if you are already in one still rings true. Get a job, any job. If it's not the job you really want, use it as a stepping stone to find the one you DO want. You can start saving money by cutting existing debt and keep saving so you don't need credit. Other peoples debts are not your problem. Your own debt in this dilemma is the only one you should be worried about.

huggermugger

For me, the answer is a pure & simple "No". If no-one did these companies' dirty work they would cease to exist. I think it was Marx who said "people will always be tools of their own exploitation" - often it's the people who are in debt who will take these jobs. About time we learned!

cirene

Depending On His Circumstances: Not A Home Owner And No Assets -i Would Suggest He Consider Declaring Himself Bankrupt And Have A Fresh Start, Look For A Job Where He Wasn't Getting Other People Into The Same Mess As Himself!!

terill

Dear Sam,

PLEASE DON'T DO IT!!! I know it must be hugely tempting to help clear your own debts but you are in fact exacerbating the reasons while people like you and me get in to debt in the first place. You may clear your debts but you are inviting many many others in to a possible lifetime of debt which they will never be able to repay. I think also that as there will be no job satisfaction, you may sink in to a cycle of self-loathing and depression unable to face yourself in the mirror. You will then begin drinking resulting in eventual alcoholism and will be fired from your job, become unemployable, lose your home and then live on the streets, begging for the next cider with occasional fist shaking fits to the sky with the wretched cries of "Why, God, why?!!" and "Curse doorstop lending!!!" Now you would not want that, would you?