Ethical job dilemma
- Thread starter fretted
- Start date
That's like saying a parking lot that charges £10 an hour is cheap because parking on a double yellow for 1 minute could cost you £70 and induce fist to chin interaction.
Depends on how desperate I am.
I've got no gripes with the ethical considerations (work for the defense sector
), but I wouldn't want some names on my CV for future jobs if I could help it - you don't know how others will react.
I've got no gripes with the ethical considerations (work for the defense sector
), but I wouldn't want some names on my CV for future jobs if I could help it - you don't know how others will react.Assuming you have only those two options for parking it is exactly like that yes. I didn't say it was cheap, I was just saying it was cheaper than the alternative some times.
e.g.
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FTFY.
Soldato
- Joined
- 19 Feb 2012
- Posts
- 4,409
Payday loan companies clearly state their rates so its the invidividual fault for using them in the first place.
Go for the job and while doing it look for a new one. Otherwise you will have no job and may well end up at the other side of the counter asking for a loan.
Go for the job and while doing it look for a new one. Otherwise you will have no job and may well end up at the other side of the counter asking for a loan.
The problem isn't the company or the product they sell. Unfortunately its the majority of people who need to need the product are generally there because they are stretched tight as it is and can't get a loan from anywhere else. They might be able to afford the repayments on the initial loan but if anything changes in their financial circumstances then all of a sudden they can't repay and end up having to re-borrow and end up in a debt spiral that is hard to break out of. On the other hand you get people like me whose freezer decides to quit near pay day and there isn't enough in the bank to cover it, I could borrow £200 for 10 days and only be charged £25 for the privilege, there is no issue paying it back once I get paid, but you never hear those stories.
The companies should possibly be doing more to stop people who can only marginally afford the loan from borrowing but then why would they stop taking business?
The company provides a good service I wouldn't have any issue working in the back end as a DBA but wouldn't want to be on the counter helping people to take out a loan they cant afford.
The companies should possibly be doing more to stop people who can only marginally afford the loan from borrowing but then why would they stop taking business?
The company provides a good service I wouldn't have any issue working in the back end as a DBA but wouldn't want to be on the counter helping people to take out a loan they cant afford.
I'm not sure the comparison is moot. The only reason one would take out a loan from a pay day loan company is that they don't have any other credit options. An unauthorised overdraft and a short term loan in this case are comparable.
In a situation where they can either go overdrawn without authorisation, or they can apply for a short term loan sometimes it is cheaper to get the loan.
An overdraft should already be your contingency loan, and thus comparable to the contingency of a payday loan. Exceeding your overdraft is the next level, and should ring alarm bells about how you manage your finances.
The problem is that people see their overdraft as an extension of their monthly earnings, and adjust their spending as if they were earning more money, and then spend the end of every month in their overdraft.