Pawnshop - Is it morally OK?

[Bry]

I've been thinking of opening a small pawnshop. So far okay naman sa mother ko, pero sa tatay kong feeling pastor, di sya boto. It's not morally right for him.

What do you guys think? Kasi diba kahit sa bangko ka nga hihiram may interest.

[theveed]

I'd say hes, you're not robbing people, you publish an interest rate, it's their call if they want your rates...

If there a guy whose child got into an accident and wala silang pera but they have a tv at home and choose to sell that to pay for the emergency funds, what's wrong with pawning it? Especially if pwede naman nila tubusin.

[Sheep]

i think its perfectly fine magiging immoral sya if you dont play fair

fair and square naman ang labanan sa pawnshop
you set your rules; terms interest etc. then if the individual agrees to it a pawn is made. hindi mo naman sya pinilit diba. pag hindi nya tinubos e di his loss and your profit


its just like any other business

[Bry]

Yup that's exactly my point.

Thanks for the input theveed and Sheep!

[ts1n1ta]

morally wrong? nde naman... kase with pawnshop eh may kapalit yung hinihiram na pera. in the end pede pang tubusin nga... matinong negosyo naman yan. basta reasonable interest rates mo, yung tipong nde taga.

[erict]

basta fair lang ang interest mo at nde ka nanlalamang ng kapuwa mo...walang problema, kasi di ba balita sa ibang pawnshop yung kinakaskas yung mga gold jewelries?

[mrpink]

.. feeding on people's misery kasi yung feeling ng mga tao sa pawnshop .. pero bottomline, it's just like any financial institution na nagpapautang .. buti nga hindi ka usurer o loanshark .. advice lang is you need to be very very liquid and very careful .. dami cash on hand .. init sa hold-up

[FrankDrebin]

basta fair lang ang interest mo at nde ka nanlalamang ng kapuwa mo...walang problema, kasi di ba balita sa ibang pawnshop yung kinakaskas yung mga gold jewelries?

Hehehe. Kakaskasin po talaga ang mga gold para malaman yung quality niya.

So, immoral din ang mga bank kasi ginagamit yung perang pinatago natin at bibigyan pa tayo ng credit card tapos papatungan ng interest?

[Bogeyman]

Oo nga, I don't think there's anything wrong with a pawnshop business. On morals kasi, medyo subjective yan. What is acceptable to one may be reprehensible to another. It's debatable really, same as credit cards. As long as you avoid usurious rates you'll be fine.

Depende rin sa kung ano yung isinasanla kung magiging imoral o hindi. Siguro naman hindi ganun yung magiging sanglaan mo. ;)

[cumbersome]

I'd have to agree with your dad. The Christian faith strongly condemns such a business. I know this may sound impractically conservative, but you'll really have to choose between what's more important- your convictions or your plans. But if you do choose to push through with such an endeavor, i suppose fairness in the littlest of transactions should be in order.

[zman]

i don't see anything wrong with it. its borrowing money using another property as collateral. what's the problem there?

[FrankDrebin]

Hehehe. I don't want to sound rude but if your priority is your faith then your family will go hungry. Ayaw naman siguro ni God ng ganun. Siguro immoral din kung papatungan mo yung tinda mo dahil kung ibibigay mo ng libre eh di nakatulong ka pa sa kapwa mo at nasa waiting list ka na sa heaven.

[Bry]

cumbersome: Thanks for your opinion. I have a question for you though - what if somewhere out there a small family is starving, they haven't eaten for days and they do not have anything to eat for dinner. They could just die there OR they can pawn their cellphone/jewelry/whatever. Would it be immoral for me to accept their valuables?

[oldblue]

ok lang yan

[ILuvDetailing]

Its just like any other business, dito baligtad naman, people sell their stuff to you at a rate you both agree on because they need the money. I'd don't see anything wrong with that.

[cumbersome]

Bryan:

I wouldn't deem it immoral if you did take take that direction. However, if it were up to God, He would simply have you give them some money for food, or lend them without interest. The pervading morality of the world unfortunately has been mostly about compromise, and there's certainly huge difference between that and what God would have us do. Harshly idealistic some would say, but just look and see what decades of compromise has done to the world.

[ILuvDetailing]

Touchy subject, but thats where charitable groups come in.

[Bry]

cumbersome: So basically what you're saying is Mcdonalds and Jollibee should price their products in a way that they would just break-even, correct? We have bills to pay too bro.

[erict]

Hehehe. Kakaskasin po talaga ang mga gold para malaman yung quality niya.

ang ibig kong sabihin eh nung "kinakaskas" eh, yung kumukuha sila ng gold dust..tapos iipunin nila ito... pero nde po ako sure dito kasi nabanggit lang din sa akin.

[cumbersome]

Bry:

Well, that's not really the same my friend. When you're broke, you don't really go out to eat a burger. The fundamental crux about lending with interest is that one gets profit from another person's misfortunes. But please remember that this is a personal take on the matter, and you are not in any way obliged to subscribe to it. As the saying goes, follow your heart, hehe.