My Job Puts People Into Debt!

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[@mr.cleanone3900]

Payday loan are the worse . I know I’m getting screwed and I thank them in the end for charging me ridiculous interest

[@Vydio]

He actually doesn't put any of these people in debt, unless he is running the streets dragging people into his office.

[@davidsensing2664]

I don't know that it is his job to mention loan differences to his client. I just went to a fast food place for lunch and got fried chicken nuggets, fries, and sweet tea. The person taking my order didn't try and talk me into grilled nuggets, a fruit bowl, and water. They took my order and made no comments about how my lunch wasn't healthy. I don't hold it against the person that took my order and I am sure she is a nice person. She shouldn't have guilt or feel as though she contributed to my bad health.

[@DorothyM45]

My goodness, it’s just a job.

[@bettysmith4527]

You job isn't to try and push your values onto other people, it's to be in service to them for whatever it is that they desire.

[@Izael1701]

I'm a mortgage lender, and I teach FPU. In my opinion, as a lender, you can have morals and FPU-oriented goals and still be a lender. Ultimately, the customer is in charge of the final decision (so long as they qualify for their decision), and the bank will want you to execute a decision that yields a closed loan. Lenders are not hired to make decisions for the customer... lenders are hired to make suggestions and recommendations to customers. How a lender makes those recommendations, and what recommendations that lender makes, is up to each individual lender.

[@anthonykence9954]

Selling money is not a sin for most people borrowing money is neccessary for certain things.

[@bcjammer87]

Nothing wrong with selling mortgages because almost nobody can afford to pay cash for a house. But if you work for the IRS you’re a terrible person.

[@davidsensing2664]

Reality is that if he puts them into a 15 year, the people can't afford the payments and will not buy the house thus realtor not getting a closing.

[@cabayern9416]

Try being a librarian in a public school. Should be a wonderful position. Not in the last couple of years.

[@Matt-cr4vv]

I had this when I did loans. I would recommend the best option to do the least harm becsuse the reality was they were going to borrow whether I refused to do it or not. But it is hard if you believe it’s wrong and I don’t work in that line anymore. But I always found I got through it by making sure they were fully informed of whatever they chose because in the end that wasn’t my choice to make for them. But that’s still hard to do if you genuinely think it’d wrong.

[@e1honor7doctorw]

HELOCs and home loans aren't evil by nature. There are smart and dumb ways to go about them. I'm HUD certified, so I'm a huge proponent of educating clients about being realistic and sustainable when approaching these.

[@robertbell525]

Agree with others here, it's far from unethical to help with mortgages and HELOCs. The borrower is an adult and can make their own decisions. Just guide them and keep it reasonable. Very few of us have the cash to pay for a house until we're old. Nothing wrong with a 30 year either you can always pay it off early. Personal responsibility is part of adulting. I would also have zero qualms about selling cars. I'd guide the buyer to what they can reasonably afford. But if they are hell bent on that gargantuan dually at $1K/mo/84 mos at 23% then hey whatever helps you make up for your size Buddy.

[@brett4932]

Seems pretty simple to me - the caller doesn’t feel comfortable putting people into mortgages or assisting them with HELOCs. We can debate if he’s right or wrong on that front separately. But for the caller, it would appear they would feel better about a career in financial planning or consulting from a Ramsey-esc perspective. So I’d suggest the caller work to get licensed as a planner and then look for a firm that aligns with their values for the end game. In the meantime, continue with the current business and just inform your clients that using HELOCs to fund jet ski purchases isn’t a great idea.

[@scoutandscooter]

They really need to wire the caller mute to a location under the desk or to a foot switch.

[@johndone8045]

Job is a job, what u believe doesnt matter

[@samijan1374]

Cryptocurrency is volatile. Diversifying your portfolio is a sensible strategy. For example, I have deposits on Binance where I engage in trading, also staking on Kraken, investing in companies like Cannafarm Ltd, and I also participate in liquidity pools

[@jimroscovius]

Easy - do your job or find a different one.

[@martinlazar9420]

HELOCs, Mortgages and Home Equity Loans are not necessarily evil. The way people use them can be bad for them. And yes it doesn’t fit the Ramsey model. But it can be a tool for getting out of Debt. I worked with someone who helped with a Home equity loan and told me straight out pay off the cards, cut them up, pay in cash and then pay down the loan as fast as you can. It cut the interest way down. But if I didn’t change my spending habits this would be useless. My wife and I now only use cash or debit. I feel Bono’s that we are paying everything in cash and not racking up more debt.

[@23billd]

it's called "cognitive dissonance" The answer is to find another way to make a living.