Scenario

Skip Stephens is trying to decide whether it would be wise to consolidate his debt by borrowing funds from Syndicated Lending, a firm that he doesnt know much about. Syndicated is an Internet lender that doesnt post much information about the costs of the loans it offers. Some of the additional information Skip has gathered from various sources suggests the Syndicated might use such unethical practices as bait and switch to attract customers.

Questions

• Is there an ethical problem? If so, what is it?
• What are the implications if Skip borrows from Syndicated?
• Should Skip borrow from Syndicated?