PPRuNe Forums - View Single Post - BANKRUPTCY!! Pushed to the edge....
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Old 12th Jan 2007, 11:04
  #142 (permalink)  
tescoapp
 
Join Date: Oct 2004
Location: mids
Age: 59
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But yet none of you judge the morals of lending 60k to a 21 year old kid who has limited experence of working. No experence at all of working in thier chosen career apart from what they have gleaned from PPrune.

The simple act of allowing them the loan has far reaching exposure to not only the person but also the loved ones of that person. The chap who has the 45K against his mums house. Thats the familys home on the line, if it all goes wrong that is someones retirement spent in poverty instead of what was planned.

Don't get me wrong there is moral questions about planning to defraud the banks to fund your training.

But I have more of a moral problem with certain schools marketing. Also the fact that the banks are willing to put individuals in the situation which is risky at the outset and subject to the whim of global politics and so many other factors.

Nobody questions the fact that people are prevented from commiting suicide. But nobody questions the fact that people are being allowed to commit financial suicide which not only effects them but also there family. And the only reason why it is done is to make a profit.
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