My girlfriend owes over $200,000 in medical and credit-card debt, but she believes it can be settled for 5% of the total amount if someone else will pay that.
She reasons that her creditors wouldn’t have a claim on anything in my name, so they will take whatever I offer to settle on her behalf. She said she can give me the money in cash.
Could this make me responsible for her debt? Would it be better for her just to declare bankruptcy, or try to negotiate the debts herself? Is this a good idea?
មិត្តប្រុស
Dear Boyfriend,
Your girlfriend’s proposal is woven from red flags.
You don’t say whether or not the credit-card debt was part of your girlfriend’s medical financial crisis, but either way I can understand her worry, stress and — yes — desperation to clear this dark cloud hanging over her head.
The logic of your girlfriend’s proposal appears to be based on her assumption that the creditors will be more likely to negotiate with her partner in the belief that she has no money. Hence, her paying you cash for whatever sum you settle for.
I have very little doubt they would see through that charade. Her estimate that you/she would only have to pay 5% also seems like a pipe dream: $10,000 is not a sufficient incentive to abandon pursuing her for the remainder of the $200,000.
She is dealing with at least two creditors, not one. That further complicates matters. Don’t agree to anything. Avoid being dragged into this financial maelstrom. It does not bode well for her ability to navigate life in a responsible manner.
Medical debt is the No. 1 cause of bankruptcy in the U.S., with some studies putting it at anywhere between 45% and 60% of total filings, despite the fact that nearly half of the U.S. population has employer-sponsored health insurance.
I point this out in order to cast some light on your girlfriend’s situation. She is not alone, and may benefit from a member of the មូលនិធិជាតិសម្រាប់ប្រឹក្សាឥណទាន, a nonprofit financial-counseling organization.
"Avoid being dragged into this financial maelstrom."
Millions of Americans are either one paycheck away from the street, or one medical crisis away from bankruptcy. Over half-a-million families go bankrupt every year due to medical reasons, according to one estimate. It’s a big problem.
This study in the ទិនានុប្បវត្តិសុខភាពសាធារណៈរបស់អាមេរិក concluded that bankruptcy is most common among middle-class Americans, who shoulder increasing copayments and deductibles despite the Obama-era Affordable Care Act.
Lower-income Americans “less frequently seek formal bankruptcy relief because they have few assets — such as a home — to protect and face particular difficulty in securing the legal help needed to navigate formal bankruptcy proceedings,” it found.
As for negotiating a debt, Equifax has គន្លឹះខ្លះៗ. “When dealing with a collection agency, start your negotiations low. Start by offering cents on every dollar you owe, say around 20 to 25 cents, then 50 cents on every dollar, then 75,” it says.
“Before fulfilling any payment agreement you negotiate with a debt collector, make sure you get the terms in writing,” the credit bureau agency adds. “Then, after your debt is paid off, request a written confirmation that you have settled your debt.”
Message to your girlfriend: Sticking her head in the sand is not an option. An outstanding debt will negatively affect her credit report. But asking a loved one to put របស់ខ្លួន head above the parapet in her place is a foolhardy errand.
Even if she managed to have a significant portion of her debt canceled, she would need to report that canceled debt on her tax return. Tell her that. It may change her mind about her plan to have you renegotiate it on her behalf.
ពិនិត្យមុនពេលចេញ ហ្វេសប៊ុកផេនឃ្វីនឯកជន ក្រុមដែលយើងស្វែងរកចម្លើយចំពោះបញ្ហាប្រាក់ដែលពិបាកបំផុតក្នុងជីវិត។ អ្នកអានសរសេរមកខ្ញុំដោយមានបញ្ហាគ្រប់ប្រភេទ។ បង្ហោះសំណួររបស់អ្នកប្រាប់ខ្ញុំពីអ្វីដែលអ្នកចង់ដឹងបន្ថែមឬថ្លឹងថ្លែងលើជួរឈរចុងក្រោយរបស់ Moneyist ។
អ្នកប្តូរប្រាក់មានការសោកស្តាយដែលគាត់មិនអាចឆ្លើយតបនឹងសំណួរនីមួយៗ។
តាមរយៈការផ្ញើអ៊ីមែលសំណួររបស់អ្នក អ្នកយល់ព្រមឱ្យពួកគេបោះពុម្ពផ្សាយជាអនាមិកនៅលើ MarketWatch ។ តាមរយៈការបញ្ជូនរឿងរបស់អ្នកទៅ Dow Jones & Co. ដែលជាអ្នកបោះពុម្ពផ្សាយ MarketWatch អ្នកយល់ និងយល់ព្រមថាយើងអាចប្រើរឿងរបស់អ្នក ឬកំណែរបស់វានៅក្នុងប្រព័ន្ធផ្សព្វផ្សាយ និងវេទិកាទាំងអស់ រួមទាំងតាមរយៈភាគីទីបីផងដែរ។.
អានផងដែរ:
ខ្ញុំបានសាងសង់ផលប័ត្រអចលនទ្រព្យដែលមាន 23 យូនីតខណៈពេលដែលយើងកំពុងណាត់ជួប។ តើខ្ញុំគួរផ្តល់ប្រាក់ប៉ុន្មានទៅគូដណ្តឹងរបស់ខ្ញុំក្នុងការរៀបចំរបស់យើង?
'យើងនឹងមិនចាយលុយរបស់យើងទេ'៖ តើយើងអាចផ្តល់ប្រាក់ចំនួន 10,000 ដុល្លារដល់ក្មួយស្រី និងក្មួយៗរបស់យើងដោយរបៀបណា ដោយមិនធ្វើឱ្យគ្រួសារដែលនៅសល់?
ស'ខ្ញុំស្អប់ការថោក'៖ តើវានៅតែអាចទទួលយកបានក្នុងការមកដល់ផ្ទះមិត្តភ័ក្តិសម្រាប់អាហារពេលល្ងាចជាមួយស្រាតែមួយដបទេ?
'មិត្តស្រីរបស់ខ្ញុំជំពាក់ $200,000 ក្នុងបំណុលវេជ្ជសាស្រ្ត និងកាតឥណទាន': នាងចង់ឱ្យខ្ញុំដោះស្រាយវា ដោយបង់ចំណែកនៃចំនួនដែលនៅសេសសល់
សូមគោរពឃ្វីនទីន
My girlfriend owes over $200,000 in medical and credit-card debt, but she believes it can be settled for 5% of the total amount if someone else will pay that.
She reasons that her creditors wouldn’t have a claim on anything in my name, so they will take whatever I offer to settle on her behalf. She said she can give me the money in cash.
Could this make me responsible for her debt? Would it be better for her just to declare bankruptcy, or try to negotiate the debts herself? Is this a good idea?
មិត្តប្រុស
Dear Boyfriend,
Your girlfriend’s proposal is woven from red flags.
You don’t say whether or not the credit-card debt was part of your girlfriend’s medical financial crisis, but either way I can understand her worry, stress and — yes — desperation to clear this dark cloud hanging over her head.
The logic of your girlfriend’s proposal appears to be based on her assumption that the creditors will be more likely to negotiate with her partner in the belief that she has no money. Hence, her paying you cash for whatever sum you settle for.
I have very little doubt they would see through that charade. Her estimate that you/she would only have to pay 5% also seems like a pipe dream: $10,000 is not a sufficient incentive to abandon pursuing her for the remainder of the $200,000.
She is dealing with at least two creditors, not one. That further complicates matters. Don’t agree to anything. Avoid being dragged into this financial maelstrom. It does not bode well for her ability to navigate life in a responsible manner.
Medical debt is the No. 1 cause of bankruptcy in the U.S., with some studies putting it at anywhere between 45% and 60% of total filings, despite the fact that nearly half of the U.S. population has employer-sponsored health insurance.
I point this out in order to cast some light on your girlfriend’s situation. She is not alone, and may benefit from a member of the មូលនិធិជាតិសម្រាប់ប្រឹក្សាឥណទាន, a nonprofit financial-counseling organization.
"Avoid being dragged into this financial maelstrom."
Millions of Americans are either one paycheck away from the street, or one medical crisis away from bankruptcy. Over half-a-million families go bankrupt every year due to medical reasons, according to one estimate. It’s a big problem.
This study in the ទិនានុប្បវត្តិសុខភាពសាធារណៈរបស់អាមេរិក concluded that bankruptcy is most common among middle-class Americans, who shoulder increasing copayments and deductibles despite the Obama-era Affordable Care Act.
Lower-income Americans “less frequently seek formal bankruptcy relief because they have few assets — such as a home — to protect and face particular difficulty in securing the legal help needed to navigate formal bankruptcy proceedings,” it found.
As for negotiating a debt, Equifax has គន្លឹះខ្លះៗ. “When dealing with a collection agency, start your negotiations low. Start by offering cents on every dollar you owe, say around 20 to 25 cents, then 50 cents on every dollar, then 75,” it says.
“Before fulfilling any payment agreement you negotiate with a debt collector, make sure you get the terms in writing,” the credit bureau agency adds. “Then, after your debt is paid off, request a written confirmation that you have settled your debt.”
Message to your girlfriend: Sticking her head in the sand is not an option. An outstanding debt will negatively affect her credit report. But asking a loved one to put របស់ខ្លួន head above the parapet in her place is a foolhardy errand.
Even if she managed to have a significant portion of her debt canceled, she would need to report that canceled debt on her tax return. Tell her that. It may change her mind about her plan to have you renegotiate it on her behalf.
ពិនិត្យមុនពេលចេញ ហ្វេសប៊ុកផេនឃ្វីនឯកជន ក្រុមដែលយើងស្វែងរកចម្លើយចំពោះបញ្ហាប្រាក់ដែលពិបាកបំផុតក្នុងជីវិត។ អ្នកអានសរសេរមកខ្ញុំដោយមានបញ្ហាគ្រប់ប្រភេទ។ បង្ហោះសំណួររបស់អ្នកប្រាប់ខ្ញុំពីអ្វីដែលអ្នកចង់ដឹងបន្ថែមឬថ្លឹងថ្លែងលើជួរឈរចុងក្រោយរបស់ Moneyist ។
អ្នកប្តូរប្រាក់មានការសោកស្តាយដែលគាត់មិនអាចឆ្លើយតបនឹងសំណួរនីមួយៗ។
តាមរយៈការផ្ញើអ៊ីមែលសំណួររបស់អ្នក អ្នកយល់ព្រមឱ្យពួកគេបោះពុម្ពផ្សាយជាអនាមិកនៅលើ MarketWatch ។ តាមរយៈការបញ្ជូនរឿងរបស់អ្នកទៅ Dow Jones & Co. ដែលជាអ្នកបោះពុម្ពផ្សាយ MarketWatch អ្នកយល់ និងយល់ព្រមថាយើងអាចប្រើរឿងរបស់អ្នក ឬកំណែរបស់វានៅក្នុងប្រព័ន្ធផ្សព្វផ្សាយ និងវេទិកាទាំងអស់ រួមទាំងតាមរយៈភាគីទីបីផងដែរ។.
អានផងដែរ:
ខ្ញុំបានសាងសង់ផលប័ត្រអចលនទ្រព្យដែលមាន 23 យូនីតខណៈពេលដែលយើងកំពុងណាត់ជួប។ តើខ្ញុំគួរផ្តល់ប្រាក់ប៉ុន្មានទៅគូដណ្តឹងរបស់ខ្ញុំក្នុងការរៀបចំរបស់យើង?
'យើងនឹងមិនចាយលុយរបស់យើងទេ'៖ តើយើងអាចផ្តល់ប្រាក់ចំនួន 10,000 ដុល្លារដល់ក្មួយស្រី និងក្មួយៗរបស់យើងដោយរបៀបណា ដោយមិនធ្វើឱ្យគ្រួសារដែលនៅសល់?
ស'ខ្ញុំស្អប់ការថោក'៖ តើវានៅតែអាចទទួលយកបានក្នុងការមកដល់ផ្ទះមិត្តភ័ក្តិសម្រាប់អាហារពេលល្ងាចជាមួយស្រាតែមួយដបទេ?
Source: https://www.marketwatch.com/story/my-girlfriend-owes-200-000-in-medical-and-credit-card-debt-she-wants-me-to-settle-it-by-paying-a-portion-of-the-outstanding-amount-11666661085?siteid=yhoof2&yptr=yahoo