Jail­ing some­one over un­paid debt makes no fi­nan­cial sense

7 Days in Dubai - - ENTERTAINMENT -

I read the let­ters ask­ing why is debt still a crime and all the com­ments that fol­lowed. I have to say that most of the com­menters are com­pletely miss­ing the point. Loans - ei­ther per­sonal or credit cards - are a nec­es­sary evil here for so many, but of course you should only bor­row what you can re­al­is­ti­cally af­ford to pay back. I don’t think any­body is dis­put­ing that the money should be paid back, but the whole process and sys­tem needs work. By throw­ing peo­ple in jail over un­paid debt you are cut­ting off any pos­si­bil­ity of re­coup­ing that money any­way. How is one sup­posed to pay what they owe when they are lan­guish­ing in prison un­able to earn money to re­pay you? Isn’t it bet­ter to work out an agree­able pay­ment plan to make sure that loa­nee can pay you back? Surely banks have to take some re­spon­si­bil­ity and vet the cus­tomers look­ing to bor­row cash. I wouldn’t loan some­one Dhs500 if I knew they would strug­gle to pay me back, so why should banks be any dif­fer­ent? Yes, lend­ing money is a busi­ness, doesn’t mean it has to lack moral­ity. Loa­nee Dubai McSmith Dubai

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