Wow, Dave! That’s some gift. You’re one nice human being!

@blackworldtraveler3711

2 жыл бұрын

Enabler.

@JustinCase780

2 жыл бұрын

@@blackworldtraveler3711 What are you talking about Mr. Perfect?

@abdal.m4029

2 жыл бұрын

@@blackworldtraveler3711 if it's medical debt then its a massive help for those folks

@blackworldtraveler3711

2 жыл бұрын

@@abdal.m4029 Doubt it's medical for most. Will never know.

@boxelder9147

2 жыл бұрын

I dont see were he did anything. Rewatching

At first I thought Dave was saying they bought the medical debt because they're going to try to collect on it. Then it became apparent that it was a gift. That was mighty kind of him. A lot of folks get into medical debt due to a severe illness or accident, so they're dealing with being sick as well as the bills, which is overwhelming.

@johnSmith-uz8nl

2 жыл бұрын

Medical debt is the leading cause of foreclosures and it will get much worse. Did you see the Republican plan to get rid of Obama care? If you have any type of pre existing condition, you may not be able to afford health insurance unless it is offered by your company.

@stefancoban59

4 ай бұрын

This is a great business idea. 1. Teach people how to get debt free 2. Buy a lot of debt 3. Wait for people to pay you

I love that his point of reference for a big time legal drama in the year 2022 is Matlock, lol!

Thank you for the encouragement! I like your channel because it keeps me on my journey towards being debt free. I paid off two cars, my roof loan and HVAC system loan. Rewarded myself for motivation and now I'm on to putting love on my student loans and then my house. I just keep telling myself "In order to live like no one else, you have to Live like no one else!" I will get there! Keep the testimonies coming. I need it in my life! I appreciate you!

@terriesmith2616

2 жыл бұрын

Great job! Congratulations!!

Give back to the community. Thank you Dave.

Zero financial awareness.

Forgiveness of debt is amazing. Thank You very much for being such a giver.

@loriej9297

9 ай бұрын

Paying your own debts is even more amazing.

Settling the debt won't really change her financial situation and habits. She stopped paying the debt years ago, and still can only scrape up about $3000. They should have offered to put her through Financial Peace University.

@josephinesu9447

2 жыл бұрын

I agree.

@AdamGbl95

2 жыл бұрын

Wage garnishment doesn't either.

@steppenpark5254

Жыл бұрын

Megalodon 🤣 I'm sure you give great advice

Adults borrowing money without paying should be demoted to teenager.

sometimes, some people use their debt in unusual ways...i have seen it used to garnish sympathy from others; also seen it used to file for financial assistance; heck, sometimes as an excuse to not work; some even use it as a procrastination tool where they say, once i get out of debt, i can start my life, but don't really want to start it because the pressure/responsibility. For some, erasing their debt actually stresses them out more.

I would hate being the judge handling these cases. My hope in humanity would diminish

@smokinhalf

2 жыл бұрын

well my job sucks too

You did that for Christmas that is amazing I am so glad that I listened to your show I'm trying to get my wife on board with you so we can get debt free That's a process but just to hear that you did that that just makes me so happy that I listened to you Man you are such I don't know what words to say right now that is amazing

Great job Dave and team, what a gift! 👍

This is exactly what happened to me, except there was no courtroom etc. They purchased an old debt, but they dragged it out until it got to be a $50k lien on my house which prevented me from selling it with equity at market rate. I have never used credit cards since. 😎

Why do people think they don't owe what they agreed to owe?

@josephinesu9447

2 жыл бұрын

Entitlement. This woman is insufferable

@floresnashvilledrummer

2 жыл бұрын

I didn't hear that at all in her. When Dave said she's at fault, she agreed.

@tugboat2030

2 жыл бұрын

Dave didn't pay what he owed either.

@lestianbisessar9581

2 жыл бұрын

If you borrow money .. it’s you’re duty to pay it back , I can understand life happens but geez some people think it’s owed to them to get off the hook .

@tugboat2030

2 жыл бұрын

@@lestianbisessar9581 I know. Just look at Dave Ramsey.

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?

@Anthony-cp7yc6655

5 ай бұрын

sounds great! please I will appreciate your assistance on how to go about it, who's your investor and how good is your investor..

@Anthony-cp7yc6655

5 ай бұрын

I am going to look her up, I have about $81k i want to start with....

@John-bd9fj4435

5 ай бұрын

Thanks for the efforts you put in these. I found her and i leave her a message i await a response

@177agic

4 ай бұрын

*** Scam alert *** first red flag is having two accounts talking to each other with in 6 days being made

@asafry2873

4 ай бұрын

You are asking this so your other account can list the advisor.

Imagine if you just paid your debts to the creditors you signed agreements with.

@crosswrdable

2 жыл бұрын

Something I don’t understand is it’s always mentioned to pay your student loans. You took them out so you pay them. Why is it ok to not pay debt that is being collected if you took it out and owe it? Contradicting..

@aolvaar8792

2 жыл бұрын

@@crosswrdable The local Hospital was bought by a company, that buys Hospitals that gross over $10MM, and do not have another hospital within 50 miles, they convert it to: for profit and refuse all insurances as preferred provider. old: $100K negotiated to $50K, 80/20>> $10K Bill, $3K max out of pocket New: $100K, 60/40>>$40K Bill, no max I did not plan to have a heart attack.

@crosswrdable

2 жыл бұрын

@@aolvaar8792 I’m asking for him to be consistent in his “morals” when it comes to debts. He tends to changed certain rules at times. I’m all for your healthcare getting covered by raised taxes since money shouldn’t be a concern when people are Ill. I would happily pay more in taxes to help your coverage get paid. I only go to the clinic for an ear infection once a year so it doesn’t help me all that much.

Dave Ramsey, you are beyond good. Imagine getting the news that your debt has been paid off. … I’ve seen poor, sick people, ( sick with worry) been harassed by banks and financial institutions because they owed a few hundred euro for a Communion or Confirmation party/celebration. It was humbling to see and hear their reaction when they were told not to worry, their debt had been written off.

I'm working on paying off my debt well gotta pay up.

crazy to me ppl borrow this amount of money and are stunned they have to pay it back. grow up

@barbieblue3336

2 жыл бұрын

Life changes sometimes

Post the videos of the phone calls!!

Ask to see the signed loan application. Many times debt buyers don’t have that. Their attorney needs to have that.

@louisbouchard6869

2 жыл бұрын

Actually, outside of California, most states have adopted the electronic business records doctrine and so they can simply print out the application sitting on the original creditors computer should the need it.

Keep your head up sis, ignore the money righteous comments. You will get through this.

Pay your debts.

I would love to hear some of those recordings of them paying their debt ❤️😆

Wow what a cool Christmas gift!!

This is good info to know

Imagine, only owing $8,550 and you decided that you will not pay it. You could do Uber one night a week and have it paid off... I don't understand people like this.

@SeniorNI

4 ай бұрын

Might have been tip of iceberg. And prioritised house food and heating. Ya never really know someone’s circumstances.

That's awesome Dave. Greedy rich person. You deserve your own segment. 👏🏾

That's amazing christmas 🎁

Seems like the worst that could happen is the judge says she has to pay the full amount. By showing up she may get a lower judgement amount.

"Lawsuits" lol

Pay the money you owe. We all have to be responsible for the money we spend. Not paying is not an option.

@johnSmith-uz8nl

2 жыл бұрын

You should not owe money unless it is your mortgage. Lets stop the problem before it even exists.

@laura3458

2 жыл бұрын

Yes, My Bible teachs me to pay back what I barrow.. I never took advantage of these loop holes.. Living with principals...( and I came to USA with no money and no English language .. and not one day on welfare).

That is nice at the end.

Why not pay your just debt!

Does Dave talk about this? Be careful who you "hang out with." With whom you hang out. Where you live, even dealing with relatives. Yes, Dave says, you're the unusual one, "not the normal one," if you don't want to have debt. I live in an area which used to be more "moderate" re $. We have a gazillion malls, stores, there's so much competition to look great, to look like you have money. That you're doing well. Everyone else is probably using debt to be that way lol. I had a friend in college, whose family hsd some professionals, but they were hot & cold re money. My family started doing better financially (it wasn't a lack of financial IQ, it was a company that started being successful after some start up) and she wasn't happy. Oh, ok. I didn't throw it in her face. When she was on a college break, visiting friends, I was working. So when I did have some $ later, and she didn't, she wasn't happy? "Friends," who needs them

@xman666soad

2 жыл бұрын

You went to college?! I just have a HS diploma, I think you need to retake some grade school classes like English and Grammar.

She wanted dave to write a check for her 😂

I love Matlock!

Hmmmm. wouldn't it be wise to purchase your own debt for five cents on the dollar? And then forgive yourself?

Good Deed has a good Karma, nice Dave.

Does anyone know if they posted the clips of this debt forgiveness stuff?

If you borrow money, you owe it. I don't get the moral justification of paying half.

Can one buy their own debt back on a nickel on the dollar and just forgive themselves?

Owing ~$8,500 and then trying to settle for about ~$5,800 IS working with you. What do you mean they are not working with you? That is over 30% lower. Just because they don't agree to the amount YOU want to pay back doesn't mean they are not working with you.

Thank the collector for paying the debt, and move on

Fight them!! Fight them!! Get in the ring!!

@adamseidel9780

2 жыл бұрын

Fight them? She owes the money. Legally there’s no fight, there’s only the fight of practical settling.

@barbieblue3336

2 жыл бұрын

@@adamseidel9780 no, Dave is saying, they could settle for less

@adamseidel9780

2 жыл бұрын

@@barbieblue3336 yes, exactly. Settling isn’t fighting. Settling is making a deal, the exact opposite of fighting.

Pay your own debt or else the rest of us will have to pitch in for your overspending.

Awesome 😎 🙏🏿💙✝️👏🏾💰💰

This women's best bet would be to settle this "before" it goes to the judge. Many cases are settled just before moments before you are suppose to be in front of a judge. I kind of doubt this will happen for her.

so youre telling me my $100 collections debt will never go to court?

Crazy how in America full time jobs aren’t enough to afford a basic home

@truegrizzlesfan2292

2 жыл бұрын

Yes it is, you need to find the correct job.

@ketojadon1705

2 жыл бұрын

That's why you got to find a good job

@xfhnhhgjbvcfg

2 жыл бұрын

Lol don't believe that nonsense, American spending is too much for full-time jobs...

@blackworldtraveler3711

2 жыл бұрын

Plenty of affordable basic homes out there. Might not have the granite counter tops,double vanity,two car garage,etc. but they are out there.

@scarpfish

2 жыл бұрын

@@blackworldtraveler3711 Yeah, but those basic homes are affordable for a reason like located in the hood, or in the boonies, or in need of a lot of work.

how do you ask a question.on the show? same scenario, except they told me when I settle. any difference or balance will be 1099 to me at end of year. here in mass

@JoshC-End-Abortion-Fear-God

2 жыл бұрын

Dave answered other questions like this. Yes it will show up on your taxes as income. But it's still cheaper than paying it.

@barbieblue3336

2 жыл бұрын

Yes

@cb9d90

2 жыл бұрын

@@JoshC-End-Abortion-Fear-God thank you.

@louisbouchard6869

2 жыл бұрын

You can be issued a 1099-C and that becomes part of your income for that tax year. First, you would pay around 20% of the part of the debt you did not pay max in taxes. Second, talk to your tax prepared because there might be a way to limit that tax depending on your situation.

It's more $, because he's a lawyer. Oh, and as Dave says, it's the total of the debt. But the lawyer who wants his money isn't going to give up.

@JustinCase780

2 жыл бұрын

Bingo! A step MUCH lower than ambulance chaser.

@barbieblue3336

2 жыл бұрын

@@JustinCase780 yes. I've been chased by the lawyers, and by companies who purchase lots of debt. You can't throw the lawyers off. They are usually able to fix things before court But, she needs to be prepared to have her wages garnished, I guess. She didn't say anything about why she has the debt, if she has a job, whatever. . That's what happened to me. Surgeries, had to work less. But still, I spent too much. I mean, they don't give cards to people who are at poverty level. Lol, Esp at higher limits, who they know some percentage won't be able to pay it back at some point.esp if you looked at how much I had spread over a bunch of cards, and I was basically paying just the minimum.

@louisbouchard6869

2 жыл бұрын

In a settlement, the total amount is the total amount, including lawyer fees. Lawyer fees usually get added if they get a judgement. Not only that but most major debt collectors contract with their attorneys and pay a set fee regardless of how long the case takes (most lawyers accept this arrangement because 98% of the time, the case is a default which is little work for the lawyer for a big payout).

What happens to you if the judge orders payments, but then you don't make the payments? They can't sue twice for the same bill right?

@rayisnumbaone

2 жыл бұрын

Generally speaking, barring appeals, no. If you don't pay, then obligee can file a new suit to enforce the order that ordered you to pay. e.g. liens and possibly garnishment

@sconnell1791

2 жыл бұрын

There could be a garnishment or a default on the payment plan.

@elliecho5372

2 жыл бұрын

Likely it would result in your wages being garnished if you break the agreement.

I understand your point guys try to help this man out, but you do realize you just told him to go mow lawns or get a job at target. He lives downtown Omaha how many targets do you think are within walking distance from his apartment since he doesn’t have a car? Do you really think he owns a lawnmower? If you he can’t afford a vehicle with gas how do you think he’d be able to afford the gas in a lawn mower? He certainly would not own a trailer nor vehicle to pull it around with as he stated. I think you guys need to think a little bit more before offering general advice when this guy clearly is on the down and out and has literally nothing to his name.. He said he lived in downtown Omaha there are no suburban neighborhoods with green lawns to mow. I do generally love and appreciate your advice but this was a little outside the box.

What’s in YOUR wallet? LAWSUITS!

They are not going to settle for 3k. They will garnish her wages.

@louisbouchard6869

2 жыл бұрын

Yeah they will for reasons I have laid elsewhere.

If this debt was written off, why does she owe anything?

@scarpfish

2 жыл бұрын

Might have been written off by the original creditor and then sold to the debt buyer. Whether its past statute of limitations is another story.

@Leeon_King

2 жыл бұрын

Technically she doesn't if they don't have proof it belonged to her but it sounds like they do, so they're going to go after her. Her making payments on the collection is proof enough.

@barbieblue3336

2 жыл бұрын

There's a time limit. That's why it matters when she said it's "old". No. It's not really.

@louisbouchard6869

2 жыл бұрын

When a debt is written off, that means that the creditor writes off the debt as uncollectable for tax purposes. It has nothing to do on if you owe the debt or not. If the debt is paid, that would have to be added to the income of the creditor in the year it was paid.

i always find it interesting that people in th U.S. think thet don't have to pay their debts . even students think they don't have to pay back their student loans . that idea even becomes normalized lately by politicians that make promises to that effect . this is crazy , a student whoops it up during their time in college and the tax payer has to pay for it ! where is the rationale ?

@kTorres007

2 жыл бұрын

Yea it's crazy and frustrating. I actually paid off all my debt including student loans... So many others standing around waiting for the gov't to pay it ... Smh 🤦

I love dave, but he acts like debt collectors are so bad, but he preaches that we should pay our bills. Not very consistent

Horrible advice. This debt is most likely time barred

And this woman can't get a second job or side job to pay this off?

@JustinCase780

2 жыл бұрын

It's about negotiating it NOW...not the past.

@barbieblue3336

2 жыл бұрын

Dave could ask, but he doesn't want to add to the pressure. It's in the judge's hands. I wonder how it went

@pep590

2 жыл бұрын

@@barbieblue3336 Yes, I wonder too.

@djpuplex

2 жыл бұрын

@@saulgoodman2018 I don't care.

Debt buyers can't sue anyone there not the orginal owner of the debt

@MrJumpingmaniac

2 жыл бұрын

False.

@Outrageousconduct

2 жыл бұрын

@@MrJumpingmaniac ask them to see the orginal agreements you signed wit the creditor ,the orginal creditor can't Turnover that paperwork, under US privacy laws ,so the debt buyers won't have that paperwork then u ask to see the agreements u signed wit the debt collector company ,I did this myself in 2018 walked out winning against lvnv for a old bill

@louisbouchard6869

2 жыл бұрын

When a debt is bought, the debt buyer takes the place of the original creditor. That means they can sue on the debt because now they own is (just as if your home mortgage changes hands). Now, most debts are sold without paperwork because paperwork costs extra. Most of the time (98%), debtors will not answer the case or show up in court and the creditor gets a default judgement that is rubber stamped by the judge without the judge looking at the case. In fact, if you file a decent answer, you can usually get was with a decent settlement or even a win as the system is designed for the low hanging fruit and ins those filing a decent answer are so small, they system can afford to let that one debt go in place of the profit from the 98% that they get judgements for.

@Outrageousconduct

2 жыл бұрын

@@louisbouchard6869 maybe in your state not mine

You need to pay your Fing Bills!! Jesus people!! I think people should have to go to jail for not paying debts. Not sure why people think it's okay to rack up a bunch of bills and then not pay for them. People need to learn some personal accountability

@javierhuizar4207

2 жыл бұрын

You okay?

@xfhnhhgjbvcfg

2 жыл бұрын

@@javierhuizar4207 lol yes thank you for asking!! I just get so sick and tired of people spending so much effort trying not to pay their bills. When they don't pay a bill all it does is make it more expensive for a person like me that pays their bills on time religiously. Don't buy it if you can't afford it.

@scarpfish

2 жыл бұрын

Locking people up for not paying debts is counterproductive. We have wage garnishments for a reason.

@AllynHin

2 жыл бұрын

God forbid people's situation changes that makes it so they no longer can pay what they used to. You act like people are running up debt with the sole purpose of not paying it back. People go along in life making money and paying bills and then {{BAM!}} life changes. I hope that never happens to you, but it happens to a lot of people.

@barbieblue3336

2 жыл бұрын

You can't make $ in jail

Maybe instead of having to waste money on buying up and forgiving medical debt as charity you could advocate for Medicare-for-all????? Oh wait, even though that would help way more people and save lives Dave doesn't want to pay a little more in taxes - it's what Jesus would do apparently!!!!!

8500$? Just pay it off already how old is this lady she sounds like she’s 50-60

@Celwood

2 жыл бұрын

Did you listen to the whole video, she doesn't have the cash to pay it off...If you're at all familiar with the financial situation for most people in this country, you would know that more than 50 percent of Americans live paycheck to paycheck! Recently with inflation it has risen to over 60 percent! So what are you talking about stating "just pay it off" as If most people have that kind of money to spare... It's great if you have that kind of money to spare, but in reality, most people don't! So maybe try to think about that before you give simple advice from your perspective such as "just pay it off".

@JustinCase780

2 жыл бұрын

Why would she pay it in full now? Back at THAT time absolutely. NOW? Absolutely NOT.

@AllynHin

2 жыл бұрын

Wow. How is the weather up on that high horse?

@Dividendsmattertoo

2 жыл бұрын

@@Celwood she has a bigger problem then that 8500$ bill is my point she needs financial literacy almost Americans do that’s the problem. If it was medical bills I would be more sympathetic

@pep590

2 жыл бұрын

@@AllynHin Lol!!!! That's good.

If I was them I wouldn’t take $3k on a 8.5k debt not only they are losing money but not making a profit.I would just do wage garnishment until it’s paid off .

@FallicIdol

2 жыл бұрын

They paid under a grand for that debt

@queen.kristal8395

2 жыл бұрын

@@FallicIdol still 3k is too low I would want at least 80% of the money

@JustinCase780

2 жыл бұрын

What are you talking about? They purchased the loan at an enormous discount to beat her up to make a profit.

@j.b.delaney3444

2 жыл бұрын

@@queen.kristal8395 so, what you're saying is...you'd have NO problem crapping all over someone in order to make twenty times what you paid? How very "Christian" of you.

@superblump87

2 жыл бұрын

@@queen.kristal8395 3k would be about a 200% ROI for the debt collection company.

Fird