Item — HN Reader

> So you get that not paying it back is not theft

Not paying back when you have the capacity to do so is theft.

I don't agree with the harassment this company is doing, that's unethical. I just agree with the general idea that social pressure can be an effective measure to make loans working. How to implement that in practice should take in consideration a lot of exceptions and corner cases.

2 comments

No it isn’t. It’s just doing business see https://www.nolo.com/legal-encyclopedia/whats-the-difference... you can walk away from a mortgage and lenders are not allowed to go after personal assets.

> Not paying back when you have the capacity to do so is theft.

No, it's breach of contract, not theft. The lenders gave the money voluntarily (expecting more money in return), it wasn't taken from them. It's obviously not theft.