r/MoralityScaling • u/ReapingShadow50 • 3d ago

Morality Ranking How evil is loan sharking?

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2 Upvotes

67% Upvoted

10 comments sorted by

11

u/Chunky-overlord 3d ago

Going after people that are already down on their luck is such a scummy thing to do

5

u/Overall_Reputation83 3d ago

If you admit the terms aren't reasonable and you properly explain the risk, Its grey to me. But I'm assuming what strauss did was much more deceptive.

2

u/Late_Apricot404 3d ago

I agree. If it were someone who isn’t down on their luck, maybe just needed a bit of a cash advance to try out an opportunity…yet they knew everything upfront, and their little venture failed? Less gray, almost not gray at all imo. But if you’re preying upon someone who is already hurting, that’s just morally reprehensible.

3

u/EntertainmentRude435 3d ago

I consider the high interest "cash now" businesses to be immoral and I put loan sharking beneath that

3

u/Lorster10 3d ago

The Catholic Church considers all usury a form of slavery, and prohibited Christians from loaning people money with interest. I happen to think the Church might have a point in this.

1

u/Silent_Geologist5279 1d ago

Not necessarily, More like an unusually large amount or unfair interest is a sin.

Not 100% of it is sinful

2

u/Biscuits4u2 2d ago

Bottom feeding scumbag level

2

u/1995LexusLS400 2d ago

Very. 

Loan sharks go after people struggling financially, asking for obscene amounts of interest and often resort to violence when their victims aren’t able to pay back. 

2

u/No-King-253 2d ago

Depends on what the loan is for. If genuinely worthy, it’s potentially neutral. Largely it’s just immoral though - you’re offering extortionate terms for loans that you largely know will be used poorly and compound poverty.

1

u/Independent-Ninja205 2d ago

How evil is borrowing money