Is it ethical? What would you do?

Credit Cards - shopping with credit cards
@CanadaGal (4304)
Canada
April 27, 2008 12:19pm CST
Here's the situation: You find out that your credit card limit has increased by $2000 because of a good payment history. You know that you are drowning in old debt and will be filing for bankruptcy, but haven't yet signed any paperwork, but know you are eligible, and the paperwork will be signed in the next couple of weeks. Would you max out your credit for that one last "woohoo!", knowing that you will not be paying it back? Knowing that it will all go away in amongst the bankruptcy filing? If you would not max out your credit, why not? If you would, what do you think you would buy with the money?
13 people like this
15 responses
• China
2 May 08
If I spend the money that do not belong to me, yes I got extera money, but I lose my good heart. I donot think I would perfer the money.
2 people like this
• United States
9 May 08
your answer impressed me with the honesty. you show true understanding of a good name..i have done a lot of stuff and am not proud of ..but in the end the honest employee is the best way to go.. but i have had "bosses" that would encourage me to steal "for the company" and one boss told me...if a employee will steal "for the company" he will steal "from the company" and this struck home...as most thefts in the US companies are not from outside the commpany...and this amount is a lot too..but the people who steal the most are within the company...store employees steal more then the shop lifters...and it amounts to about $1,000. that every citizen has to pay in increased cost to the company..to operate...these operating cost is just past on to the consummers...that is why companies don't really pay tax.. the tax they pay is just added onto the products..just like you really don't get free plastic bags or paper bags...they are charged off in your product you buy..there is nothing that is free...even stealing cost everyone in the long run..thanks friend
1 person likes this
• China
9 May 08
You are right. But everyone has there own life, and I do not think others action will influence me. Maybe I pay for their action, but that's not the reason for me to do the same thing. I do not want to lose myself, my friend. I think I can pay that though I do not want to:)
@jesbellaine (4157)
• Philippines
3 May 08
If that is the only way to pay my old debt then I would but I will not repeat the same mistakes again. i will talk to my credit card company if I can put it in "paylite" mode maybe for a year or so... in that way, I can really pay my credit card loan.
• United States
9 May 08
in your heart you know this is wrong but I have done far worse then this and gotten away with it..i stole from my company(s) and once I was applying for a job as a security guard and they made me take a lie detector test and they ask me if I stole anything over $10.00 from my company? I said yes..and bammm the man turned off the machine and asked me the details..i told him my company did not pay us for all the work we did and "everyone" did this to make some money...we had gas credit cards we used to use in our private vehicles (and family and friends) and we got a lot of stuff via the five finger discount..and believe it or not that security agent kept rephrasing the question until I could pass the exam! I was given a uniform and a job at a Childrens school..where they boarded rich kids year around...but I did not take the job and was hired by a foundry..but I should have taken the security job as the foundry was hell on earth..and everyone was laid off before we could get our 90 days in for the union...everyone who was not in the union was laid off and this involved hundres of good workers and me..i was not that good..lol..but companies don't have any compassion for anyone...i don't justify stealing..it is wrong but most theft is not shop lifting but employee theft..so stealing is stealing...I still don't think I would go bankrupt..unless my back was up against the wall..hmmm maybe I would maybe I would not..i hope I don;t have to make that decesion as my wife and I are both retired...but I think you know the moral thing...but God forgave the thief on the cross...????
1 person likes this
@skinnychick (6907)
• United States
29 Apr 08
That's a good question. I actually don't think I could spend that money in good conscience. I would feel too guilty over it. I could definitely use that kind of money for school and books but the guilt would be too overwhelming.
1 person likes this
@Pose123 (21666)
• Canada
28 Apr 08
Hi CanadaGal, It would be a great temptation for many people, but I don't think it's ethical. This is the sort of thing that causes interest rates to be so high. However, everyone has to choose for themselves. Blessings.
1 person likes this
@worldwise1 (14887)
• United States
28 Apr 08
It's all about doing the right thing, CanadaGal. Can your conscience bear the weight of knowing that you did something so underhanded? Many people do not have a problem with answering to their conscience, but it does cross the line when you make a willful decision to do wrong.
1 person likes this
@Ohara_1983 (4120)
• Kuwait
28 Apr 08
i think i need to purchase some new clothes & shoes,& grocery he he he he he, or pay some of my cridet & save i dont hava any idea if i still have cents in the last minute of my shopping.
1 person likes this
• United States
28 Apr 08
I've worked in corporate and personal bankr. for many years. What you are suggesting is illegal. Your bankr. is based on your current debt at the time of filing. Taking that last amount of money you don't deserve and using it just to stick it to the credit card company, who by the way, you signed a legal agreement with, and they gave you credit based on your "payment history", will now have the proof they need that you don't pay your bills and feel its your responsibility to stick it to them one last time. If your attorney is that green about how the process is handled I would seek new counsel. Don't think you are going to get away with something as sneaky as a last hoorah such as this, just because you file bankr. it only means that the credit card company cannot contact you and they have to go through your representation first. Your lawyer will be notified if you do this, my firm has dropped several bankr. filings because of this type of foolishness. Don't be a risk taker when it comes to federal matters, your taxes are involved, your assets and your name and your SSN will all be on file. You've severed contact with the CC company but now you have to talk to your lawyer, they will be your friend for the next 7 years, don't forget to send them a Christmas card.
• Philippines
28 Apr 08
Hi! Probably I wouldn't max out my credit card knowing that I cannot pay for it.. I don't feel like buying the things I want without working for it.. Isn't cool that when you buy the things that you want, you know that you worked hard for it...?
1 person likes this
• Nigeria
28 Apr 08
gat to buy alot of goodiesssssssssss
1 person likes this
@plumwish07 (4059)
• Indonesia
28 Apr 08
increasing credit limit till $2000 is definetely huge amount especially if we are not wise enough in spending money. surely it will make us drowning in huge of debt. so if you are not sure that you can be wisely in your credit card spending, it would be better to call the credit card issuer and asked them to give you the old limit. i am sure that they would grant it cause its happened with me too although i son't have those credit limit. on that time i just get doubled from my old limit and i wasn't secure enough to have additional credit limit so i just called the bank issuer of credit card and saying that i don't interest to get higher limit for my credit card. on first time, they will give us so many good reason so that we cancelled those request but if we able to insist them, then they will grant our request
@yinigao (19)
• China
28 Apr 08
i think it is unethical. i don't exactly know who is responsible for the credit card in your country, the credit card company or other body? in china, the credit card is put out by individual banks.you can get the credit card after you sign paperwork with a bank. of course, the bank will make up the loses if someone don't pay it back after maxing out the card. most important, you broke your words, and your name is put on the blacklist. it is impossible when you want to apply for a credit card in any bank again. that will affect your other loan activities, such as buy car, house , open a company and so on.
1 person likes this
• Philippines
27 Apr 08
I think that it would be unethical, since you know already know that you cannot pay for the things you purchased, so why still purchase them? Thing is, we should always bear in mind that we cannot go beyond our means.
1 person likes this
@BYOLA2871 (4373)
• South Africa
27 Apr 08
it will be unfair to the credit institution but you will be badly hit as you now have a negative history,it will be seen as a deliberate action on your part and believe me they can even tell you you did fraud and tat will bad for you,morally and ethically dont just go on a spending spree ,i think you will need that money for some more important things
• United States
27 Apr 08
Nope, nope, nope. First I don't think filing bankrupsy is the best option. I feel it is unethical in itself. I have over $30,000 of debt on my credit, and do not intend to "wish" it away. It will take time, but little by little I will pay it all off. I made the bills(er most of them) so it is my responsibility to take care of them. Now say this happened to me, I wouldn't take the opportunity to max out the card. Sounds like you are contimplating walking into a bank and stealing $2,000 from the vault. I wouldn't do that, so I wouldn't go shopping with the new credit limit either.