When is it Ethical to Not Pay a Loan?
The bank called. Your loan officer said you were unethical because you didn’t make the loan payment this month. The conversation ended with this advice, “If you were honorable, you’d do whatever it takes to pay this loan.”
The loan officer’s suggestion isn’t only exploitive — it’s incorrect.
If you chose to make payroll this month instead of the loan payment, you made a business decision. Ethics had no bearing on your ...Continue Reading →