Is it a moral or legal obligation to pay a debt to a bank?

That's a good point; but my point is just because something's constitutional doesn't mean it's automatically good and moral, any more than being legal makes something good and moral. The slave trade was constitutional for a long time. The Christian's standard should be God's word, not man's laws or the constitution.

Alcohol is in the 18th and 21th amendments of the U.S. Constitution.

I've never borrowed from banks or anywhere else, so clue me in- why do other people borrow in the first place?

That's a good point; but my point is just because something's constitutional doesn't mean it's automatically good and moral, any more than being legal makes something good and moral. The slave trade was constitutional for a long time. The Christian's standard should be God's word, not man's laws or the constitution.

If someone had debts that they could never "catch up" on, due to loss of income for reasons beyond their control... but I believe it would have to be with the caveat that a sea change in fiscal behavior would happen, probably with the notion of no more credit cards, loans, etc...

The 18th was the prohibition and 21st repealed it, However, like pot, it is not given as a right in the constitution, as it granted states the right to regulate and sell, just like Pot.

it's this simple: if you owe any debt, no matter what happens in government, you pay the debt. unless you are pardoned.

Bankruptcy is a license to steal granted by the government. The only ethical pardon would be if your creditor pardoned you.

To get something they cannot afford at the time. If you were newly married, would you have the money to pay cash for a house? It makes more sense to pay down a loan than to keep throwing money into the pit of rentals. You actually are "buying" something instead of renting it.

I've only ever wanted to rent the places i've lived in, on the grounds that if the place burns down or is trashed in a meteor storm or whatever, it's the landlords problem not mine, and i can simply go rent somewhere else..

The problem I see with renting is that ALL the money you pay to live someplace is GONE. When you leave, you start again from zero.

That's all well and good, but the simple question is: Are we morally obligated to pay back money we borrowed from a bank? I hear a lot of people using smoke and mirrors to dodge the issue. The answer is simple; yes we are unless the contract is illegal, and that's up to a court to decide.

..The problem I see with renting is that ALL the money you pay to live someplace is GONE. When you leave, you start again from zero..

So why is it up to a court to decide whether or not the contract is illegal, but not up to a court to decide whether or not the defaulter has truly defaulted? The bank is trying to impose God's standards on people, while using man's standards to allow it's illegal activities.

Man's standards allows the bank to commit fraud and to steal (commit usury). Man's standards also allow for a person to default or go bankrupt on a debt they can't repay.

God's standards do not allow banks to commit fraud or to steal (i.e. commit usury or charge interest on loans). God's standards also require men to honour their word with respect to debt.

The bank is using man's standards for itself (by it's acceptance of fraud and stealing to make money), but then demanding that its debtors comply with God's standards to pay back the money defaulted on. In short, they're trying to have their cake and eat it too. Banks have done this for too long, and this is why they are all going bankrupt. Dishonestly profiting from dishonest money.

So if it's left to a court to decide whether a contract is illegal, it's also up to the same court to make the defaulter pay back his debt.

Around 2008 when the market crash and people were losing their homes, many people filed for bankruptcy. I remember some banks posting that debtors had a moral obligation to pay their debt, no matter what the law said. My answer to them were, banks are not moral. The law gives exemptions to protect people's income. I believe Jesus would say....."What does the law say?" You follow the laws. The banks have to follow the same laws we do. There is no moral obligation to the banks. How say you?

My take. You cannot sign away liability. If you desperately need a loan but go to a bank and end up with overcharges in the fine print. This is cheating. You did not agree to this. How many of you get a Lawyer to apply for a loan? Most don't, but banks are greedy and will cheat you. Don't start me on Evil credit card company's. Mortgage companies are the worst. Why do think the Fed took oversite of them, because they cheated so many people. I live debt free, and that's the only way. God has blessed me. I thank Jesus Christ everyday.

There's no fraud involved when a person agrees to the loan stipulations. In the case of usury, don't agree to the loan... but if you do, uphold your end of the bargain.

If you signed it, you weren't cheated.

read the fine print.