yep, never loan money.. give it if you can afford to. If you can't afford to give it, you can't afford to loan it. Gift it to them... If they pay you back then fine, otherwise it was a gift you never expected to get back anyway so no problem, and nothing has to be awkward.
I will never loan money to friends again. Once I loaned 800 bucks to one when he lost his job. I said I wanted it back. This dude was so broke that he needed yearly tax returns to scrape up 200 bucks at a time. A few years later I lost my shiz, certainl I was just going to get screwed out of 200 bucks. My sister helped scold him so luckily I did get it, but he kept talking like he couldn't. I haven't spoken to him after receiving the last amt. Never again.
WRONG!!!! The caller is a creditor just like any other - a credit card , shoe store, amazon. It will cost her NOTHING to file a claim w/the court clerk handling probate. She doesn't need a lawyer; she needs to fill out a form. The executor (or the state if she died w/o a will) has a legal responsibility to see that all the woman's bills, loans, funeral, & other expenses are paid before distributing any money that is left. The reason death notices (not obits) are published is to put creditors on notice that their borrower has died.
@@joshuadearnley466 I disagree. I suspect with proper documentation (which it appears she does have) she should be able to file for repayment from the deceased's estate.
FUN FACT There is not always an estate after someone dies. I don’t know about every state but in the state where my relative died it’s only required to go through probate if they own property other than a vehicle. I filed notarized paperwork as an heir to get their vehicle transferred into my name. I never went to probate court. Any time her creditors sent a collection letter, I sent them a death certificate. Nothing else. All other money I got as the beneficiary. The creditors cannot sue me to pay these debts. Only the estate and there wasn’t one so end of story.
@@anndeecosita3586 This. Some states have financial limits too. When my uncle passed in Florida his assets, a truck and 2 bikes, were way under the asset minimum that was allowed to skip probate. If she needed to borrow money, its possible probate will never be opened.
This is true if there is an estate to be probated. If the only thing she had was a jointly owned home which (depending on how titled) may have all gone to the mother, then there might be no assets to probate.
It's a simple legal question. I wish they hadn't gotten all feelsy. Just answer the question from a legal perspective. She has documentation. The woman died owing her money. What are her options? Would people be more sympathetic if the amount in question was $10,000? $25,000? Where's the threshold?
Would my position change if it was a larger sum? No. She should have had her friend secure the loan with ... her car? That's what they do at these payday loan places. She made an unsecured personal loan to a risky person. And they died. It happens.
Jade and the other guy aren't lawyers, as they admitted on the call. You don't need to pay a lawyer $400 an hour to figure this out. Its quite simple...take the "L" and move on. Don't loan money to friends or family. If for someone reason you still want to give these people money, make it a gift and forget the whole thing ever happened. Don't even bring it up going forward in the relationship.
It matters because $3000 isn't worth the stress and aggravation. $10k + might be. But $3k? It's really not worth it. Added to that, never loan money. If you can't afford to give it away, don't loan it either.
How this should have gone: “I loaned a friend $3000 and she passed away. Should I go after her estate to get my money back?” Women use 10,000 words to ask a simple question.
Same when somebody asks for help with IT. Phones up and starts with what they had for breakfast . All I need to know is the basics to sort your shit not what you shat out because you ate breakfast
The reason that it's easy for Jade and Ken to just let go of the money is because to them $3000 isn't that much money. My guess is to the caller $3000 is a LOT of money. If the caller has legal documentation of a loan agreement (and that may be a big "if") she can absolutely file a claim with the executor of the will. It can't hurt.
Lol Um no that's not it. $3,000 is NOT a lot of money in the U.S. That's why a poverty line exists. $3,000 could certainly mean a lot to someone, but then it's probably revealing they have not been good with their money, and need to make some serious changes.
No, don't let it go!! Go after her estate!!!! If you are in a tough financial situation, every cent counts. If you can afford to go after it..GO AFTER IT!!! Ask from a legal perspective! She mentioned proof that the friend was going to pay her back, go see her mum and explain your financial situation! The mum might be an upstanding citizen! Maybe send her a registered letter then call her. At least attrmpt to get your money back- 3000 dollars is a lot!
@@jasonrodgers9063 This ^ If it wasn't notarized or even documented she could kiss it goodbye. I understand this is not a legal counseling show, but the fact that they cringed and gave her bad advice on a financial advice show was difficult to watch.
In Islam If one person died while owning money to another person, which is proven by documentation or whatever It comes out of the inheritance Regardless of the amount with no shame It is a way of honoring the deceased So, it is a valid question
I think he retired when he hired a bunch of kids. He should have hired people with more life experience. He should also get people with a specialty, they can be asked questions in their specialty.
Collect the debt just like any other lender would do. They had a binding agreement that doesn’t just nullify because she died. I don’t think telling a struggling lady who’s about to lose her home to just “let it go” is the right thing, especially coming from a couple wealthy people who can’t relate.
Sorry but people at the Ramsey Company work their way up from nothing fairly certain this isn't their first gig. I wouldn't be surprised either if Dave had his daughter work in the "real world" to gain perspective. Anyway, if I became a millionaire that doesn't mean I never worked hourly jobs or struggled. Ever been 18 working at Wendy's? I have. We all have! You don't go to sleep one day and wake up rich this isn't the lottery it's reality haha. Even most millionaires in the country and even Billionaire's struggled and worked small time employment, lol. Come on stop bashing people who make more money than you because you haven't made it yourself yet and can't relate? Do you see how that sounds?Only difference is "rich" people started from the bottom and hit a point financially others haven't. So that isn't okay to disrespect people for being hard working. You can't sneeze and all the sudden millions of dollars fall in your lap.
She 100% needs to reach out to the executor of the estate and request the money that’s owed to her. This woman is in no financial position to absorb a $2700 loss. In fact, she was probably in no position to even loan the money, she just did it out of the kindness of her heart, and her friend burned her.
Nothing wrong with contacting the family after a few weeks have passed. If they are honest people, they would settle it without much headache. Worth a try.
I would be so embarrassed to contact a grieving family over money. That’s why it’s so important for people to listen to Dave’s advice: if you don’t have the money to give it away, don’t “loan” it out.
@@cutenobiI would be embarrassed if my family member didn’t pay off a close friend and then stopped answering when she called for status of her money. I would absolutely pay it off if was over my family member’s estate because right is right
Such a weird reaction from the hosts. This lady seems to have been an absolute gem to her friend and instead of having the integrity to pay the money back, the friend screwed her over. Where is the cringe? Also how do you know 3000 dollars isn't a lot of money to her? It sounds more like she could not really afford to give her the money in the first place.
Cringe to humans with a good moral compass. Probably not cringe to greedy, selfish people like yourself. For people with good values, it's called blood money.
I agree with you. That amount of money seems like a lot to her. I'm confused why she doesn't have any legal options. They made a contract and had it notarized. I don't understand why she can't make a claim against her friend's estate.
@@Evroyal She is dead, but it was stated that she has property…assets! So yes, the IRS can collect money from a dead persons estate, as well as other creditors. You clearly don’t know what you are talking about, and I’m not sure where you get information concerning the settlement of an estate after death.
I dopn't know if you guys listened to the whole call. This lady had a crummy friend. She was disabled in a car accident and received a settlement and the "friend" immediately leans on her for $3g. They wrote up a promissary note and again "friend" tells her she won't pay it because she "lost" cleaning customers. Now this poor lady is facing losing her home because the government probably shut her job down and imposed a moratorium on mortgage payments but all that did was pile up her mortgage payments. She can probably put a lien on the house but she won't get any money from "friend's" mom and will end up spending more in legal fees. She needs to talk to the mortgage company about the piled up debt with the mortgage company. I hope they can help her. She should also attempt to collect from the estate so they can't claim she let the debt go. But her friendship with this person ended when she received the money from the car wreck.
She can't put a lien on the house. She could get a lawyer to get a lien on the estate. But as my mother always said.... you can't get blood out of a turnip. I doubt this woman had much of an estate
I had to borrow 400 dollars from a friend. When my husband was dying. It killed me to ask he lent to me. I made sure it was paid back when it promised. He was a great friend and I wasn't going mess up a 15 year friendship for 400 dollars.
@@Patricia-pp3mr You'd be surprised how many people will mess up a relationship because "they got theirs" and now they are on to the next priority. No regard for the promise they made to pay someone back after they went out on a ledge to help them.
Ohio listener here: You can file in small claims court ( Municipal) make sure to include a copy of the agreement and show up for the court date. You can do this yourself you will have to pay court fee's for filing, explain it to the judge and most likely will get a judgement, it will clog up the estate if they file probate, they will not be able to sell the house that she and her mother lived in ( if she is on the title) but it doesn't sound like she had much either. When we sold our in laws house to a friend of a friend, all went well till they found she had a judgement against her because of her son who was under 18, had a car wreck and as the mother she was responsible to pay the debt and the bank would not close on our house sell till she paid off that judgement, fortunately it was only a couple thousand dollars. Anna In Ohio
Rational advice. I would have thought it’s the legal obligation of the executors of the estate or will to settle the estate including debts. That the contract was notarised should make it straight forward to present to the executor but the small claims ruling should make it even more solid.
@@BitterBetterBM Exactly? Most people aren't responsible enough to get a will? let alone have an ESTATE that is passed on their heirs?? And this was an UNSECURED loan. You can't go back in time and claim property as repayment
@@cyoohoos Everyone who dies has an estate. The lint in your pockets is part of your estate. Not everyone has anything of monetary value that can be claimed, though. But the caller seems to think this woman does.
When an estate is settled, outstanding debts should be paid. Do you think the hospital is going to just let her last bill go because she died? Do you think any credit cards she had balances on are going to say "well this is a tough situation, let's just not worry about it". ?
I agree. I realize it’s a touchy subject, but if you borrow money, you should pay it back, period. Doesn’t matter if you’re alive and it comes out of your paycheck or you’re dead and comes out of your estate.
Hmm.... credit card companies do pretty much say ... we won't worry about it. My own mother died with credit card debt and I told them to call her up and tell her to send them their money. It was her debt...NOT MINE. They eventually wrote it off. Debt secured with property: homes, cars, etc. They can come after. I doubt this woman had any type of estate if she couldn't swing a $3k loan to a *friend*
Well I wouldnt call it a fumble… she assumed her friend was an honest person as most people do with friends and family, and usually they are… until they arent. But she did get a written paper, which does mean she could sue the estate, now whether she actually gets anything or not is a separate issue.
@@XFizzlepop-Berrytwist you DON'T LOAN MONEY.... EVER!!!!!!!! Jesus H Christ... how many times does Dave have to say it?!!!! If you want to give money, give money... if not... don't...
@@firefly9838 See I disagree with this. What if your parents say needed a large sum of money for something, it would be too much to just give, but you could loan it out to them without hurting. You know they would pay you back. Otherwise you dont loan it out, they could suffer unnecessarily?
Loans between family & friends don't exist, they're only gifts, if you "loan" to someone say goodbye to its its gone & you're never getting that money back
Loan people money that are broke and bad with money and few things will happen 1) they will have a horrible memory, oh yea I forgot about that.. Oh it’s $2,000 I thought it was only $1,000 I owed and didn’t I pay some it back 2) they no longer text or take calls 3) if you do get some back you have to ask for it several times and it will be a tiny payment. They are going to act like it’s hardship and they are doing you the favor by paying it
@@MT20233 Yes for me personally I never loan money to people, if I decide & can afford to give I do but I never loan for that reason, I know myself and I would have a lot of anger and resentment for the person I loaned the money to if see them spend all this money on themselves while never paying me back so I don't do it, I never loan to anyone and never will If someone asks I say no every single time Loaning money ruins friendships look at this call this woman's friendship came to an end just before she passed & they had a falling out over $2700 & it was a hassle and a hardship to even get $300 from her
That is absolutely not the case. As long as the loan is in writing, it's valid like any other loan. Not only that, but in this case they got the loan agreement notarized
It's easy for you to say, let it go. $3000 is a lot of money for many people. It's not like the caller had a lot of money. Her money was from a car accident settlement.
OMG, it took her 2 minutes to get to the point. None of that extraneous stuff matters, what matters is "I loaned her $3000, she still owes $2700, and then she died."
Hot take: I don’t think there’s anything morally wrong with suing the estate over the $3K. Friend should have paid it when she was alive, you don’t get a free pass because she’s dead.
Y’all are cold. She probably won’t get the money even with legal action against a dead person. If she gets anything from the estate it could be years from now
@DeAndresWay You may be right, but it's worth looking into. If it was your $3,000 that you needed back, I bet you would feel differently. She probably shouldn't have loaned it to begin with, but here we are now.
No need to sue. Just file a claim against the estate of the deceased, and if there are any assets available to cover the claim, it will be covered in part or in full.
The lady has a crummy friend. It’s sad that she passed away but she was loaned $3,000. Her friend shouldn’t have to continue to ask her to repay the money. If the borrower was truly a good friend, she would have been making payments on a regular basis without the friend constantly having to asking her for repayment!
This woman must be desperate to still be thinking about her $3000 after the death of her friend. Poor people should not be loaning money to anyone. If you can’t afford to lose it, don’t give it.
@@Lovelyinspo If you are a witch or a wizard, please keep it local within your family. You spend your time praying evil prayers for strangers. May the God of Israel dish you 1 million folds that you wish upon others in Jesus name.
Yep, they got into their feels instead of answering the actual question. She can file against the estate and the highest debts are paid first. There may or may not be enough to pay her debt.
The fact they dont understand what its like to be poor. $3k in a poor person world is alot. ( ~$50k in your world, for those that dont understand) That said, i think she had a written contact. So yes you can go after her estate and she would be liable to pay you back. Especially if the contract was notarized. Its not nasty to get your money back, especially if the person intended to pay you back.
Yeah, I completely agree. I don't loan people money. I'm not a credit card business. if I want to give money, I will give it. If not, I won't. Its pretty simple.
The sad part is that the money completely destroyed a lifelong friendship. The caller has no remorse for her former friend's passing whatsoever. They just hated each other by the end. The realistic part is that this lady made one of the dumbest financial decisions you can possibly make, lending money to a friend. Especially when you can't afford it. Lesson learned, hopefully.
DON’T LEND MONEY THAT YOU CANNOT AFFORD TO LEND!!! Smh it’s wild that she even made this phone call… The situation is very unfortunate for both sides, but you’re taking a loss whether you accept it or not.
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Being in a tight financial situation is emotionally draining and exhausting. It clouds your judgement. I agree. $3,000 doesn’t get a person completely out of foreclosure and/ or debt.
I love the rule of never loaning money. Had a friend ask for a loan once. She was a really good friend and I knew I could rely on her to pay it back. Same friend would have gone to great lengths to help me and had helped me many times. I figured if I trusted her friendship and loyalty enough to lend it to her that I should be willing to give it to her. We had the funds at the time, so I told her I didn't loan money but I was happy to give it to her. I felt a tiny bit bad that it made her uncomfortable initially, but ultimately I'm so glad I never gave it as a loan. They got into a much better financial place not terribly long after, but I wonder if it would have taken significantly longer if they'd had to worry about repaying what I gave them. Sucks to owe money and can suck more to be owed by someone you would rather keep a good relationship with. I'd do the same for that friend any day. Thankfully, they are solid people who might never need it cause they work so hard and work to be responsible.
I would think if she was a really good friend and even though you told her you were giving it to her, she would have paid you back. Especially if it was a couple thousand dollars. But, if it was only a couple hundred dollars, that's different. But, I would have given that back too.
It really can depend, maybe a family member needs a rather large sum, you have the ability to loan it, but not gift it. I think circumstances can dictate certain appropriate actions.
Never loan more than you would give. So when they don't pay it back, it was always a gift. And it's insurance: if they ask for more money, you remind them of the earlier unpaid "loan".
I think it’s a little cringe to shame a disabled lady who was taken advantage of by a “friend” and essentially scammed out of $3K. I understand the “friend” has died, and trying to go after the estate is probably pointless and this lady should probably let it go for her own good. However, her friend was likely a terrible person for asking for a loan from a disabled person barely surviving on disability, it’s not cringe for her to feel hurt and wonder if she can get her money back. In this economy, she probably needs that just to survive. Taking advantage of disabled people is the lowest of the low.
Dont infantalize disabled people😂she wasn't mentally disabled. She chose to do it which she had the right to do, this women very well could have paid her back but she died. We can't say she's a terrible person we do not know her circumstances or predicment.
Do not loan money to friends or family. If you want to help them and can afford to do so, gift the money to them instead. A close friend of mine was in a tough financial situation two years ago, so I gifted him $7,500. I was glad to be able to do so. We're still the closest of friends, he's back on his feet, the gift is never discussed, and I have no interest in being paid back.
It definitely just depends. Its amazing that you can gift such an amount, but say your parents get in a tight spot, maybe threat of losing a house, the amount is 100k as an example, 200k? Maybe you can loan the money, even interest free, and you know they will pay you back, xD but it would be a lot to just gift.
@XFizzlepop-Berrytwist I would gift my parents $200,000 in a heartbeat to keep them in their home. After all, my success is rooted in the way they reared me.
@XFizzlepop-Berrytwist I would gladly gift my parents 200K to help them remain in their home. After all, my success is partly rooted in the way they reared me.
What if for some reason she had to rely on getting this money back afterwards and this was something unforeseen? Are you still going to be mad at her for asking for her money back?
You mean the friend who's dead who immediately defaulted on the money she borrowed and clearly planned on stiffing her for the rest? That friend? Get real.
3k may not be a lot to others, but it sounds like 3k was a lot to the caller. Lesson for her to not loan anything she can’t afford to lose. Legally, she should consult a lawyer but idk if the fees would be worth it in the end. Consultation is cheap but the legal fees to file against the estate may not be worth it in the end for her.
I loaned my dad 3 grand for his business so he would have something to do with his wife because his old job was too difficult for him and he was going to help his wife sell bags at a flea market. The agreement was to pay 300 dollars a month for 12 months (he insisted on the interest). He died about 3 months into the loan, I couldn't imagine worrying about 9 months worth of $300 payments when my dad just passed away, forget the pittance and don't loan money if you don't have money to lose.
I would say the circumstances are definitely a bit different, to a parent? Yeah… I wouldnt worry about 3k either, or even more. I suppose it could also depend on how good a relationship you have with your parents, some people have bad relationships, but clearly you absolutely loved your father. I wouldnt charge family I loved on interest either, even if they insisted on it haha. Though some people can be stubborn that way, and sometimes you just cave to be a good sport about it.
You guys don't know what you're talking about and it's dishonest to gaslight her. She's a legitimate creditor. This can be reviewed by the probate court.
They are human beings. Most people cringed hearing one side of the story. It's easy to say what they should have done after the fact. When they did hear the full story, they were very sympathetic to her plight. If they had still said... "Well, whatever your situation is, you should let the money go", then it's an entirely different conversation. Even when they hadn't heard her side of the story, they were still polite and respectful. You need to calm your life down. They know what they are talking about.
Agreed. She totally has standing as a creditor to file a claim with the decedent's estate, if there is one. If there is not an estate, then it probably would not be worth her time to open one as a debt holder.
@@XFizzlepop-Berrytwistat first. Which most people felt was the right response to a FRIEND that died. When they heard the full story, they changed their stance. Easy to say they made a mistake after hearing the full story.
What?! What do you plan to do? Get a lawyer and sue her estate which would cost you well over 3k even if you won. You learned a 3k life lesson. A "contract" doesn't magically make people pay you back or them have the money if they don't.
@@quintinnunn1392 Friends don't take 3 grand and run off with it. I'm not privy to how filing claims on someone's estate works after they pass away, but if it's as simple as some people have made it out to be then the caller is not only well within her legal right, but I don't see any moral or ethical dilemma in filing the claim. When you pass and you have debts your estate has to attempt to pay out debts if the estate can cover it. She might not get anything, or only a portion, but it's better than nothing.
You can probably go through small claims, no lawyer needed. Even if she does lawyer up, decent chance she may find a lawyer that may take a couple hundred for handling it, maybe 1k max. Still 1700 is better than 0$.
The money must come back, money doesn't die...Go and get your money lady...Creditors out there and institutions always get their money back from the deceased. These two are being emotional and wrong about this issue...Claim your money against the deceased assets
We do not loan out money to other people because of issues like this. If you need money maybe we will gift you something if we are able but we’re never giving a loan. That only creates resentment and trouble.
As a notary myself the biggest thing that people get wrong is that when a document is notarized that it becomes a legal document. That is not the case. All a notary does is say that "Yes, this person signed the piece of paper" A notary isnt a lawyer or can vouch for what is in said document (or even legal for that matter). All it is saying is that person "X" and "Y" signed this piece of paper. Technically a notary can notarize a piece of paper saying that "Person A agrees to go rob the local Target store". It just means that the person signed the piece of paper. Doesnt mean that it is a legal document.
@@cyoohoos exactly I am surprised nobody picked up on that... but many Americans have abysmal states of "friendship" so its possible that applies to most here and they didn't catch it.
I think she has something here. Maybe it's cringe to someone who makes a good bit of money. But every creditor is gonna get their money from that estate before it goes to the family. I don't think its a problem at all to get that money back
Millionaires telling a person struggling financially to "let it go." This is America now. They never asked this lady's financial situation or if she needed that $3000 to survive. SMH. Just because 3k means nothing to you, doesn't mean that is the same for everyone.
This isn't an issue of millionaires talking down to people who are less fortunate. This is an issue of practicality. The reality is in order to get that $3,000 back it will cost this woman a lot more than $3,000 in legal fees. Not to mention other financial and administrative headaches to get her place at the table for an estate payout...assuming there is anything in the estate to liquidate. Somehow I doubt a woman who couldn't pay back a long time "friend" when she was living, has a whole lot of assets over and above her debts.
This is a very simple process - file a claim against the estate for the unpaid amount of the loan. If there is money left over in the estate after more senior liabilities are paid, it will be divided amongst the peer creditors. If there is enough value in the estate left over to cover all the liabilities, then it should be paid back in full and then any remainder will go to heirs.
3,000 is a lot of money to lose but since she died it’s time to face the harsh reality that your never going to see that money again so for future reference DONT loan out any money to anyone ever again
I disagree with that statement. Dont have a problem loaning. Maybe even gifting, but if I loan and you dont pay back definitely wont loan again. But some circumstances exist though maybe someone needs a large loan, you know they will be honest and pay you back or attempt to. I wont let a good friend or family member suffer if I can help out, credit card companies and banks charge way too high interest.
I've never seen so many comments in disagreement with Ramsey Show "advice" and I think they're justified. She received more of a bollocking than folk who have gotten themselves into millions of dollars in debt. I think the presenters themselves need a little education on "how the other half live". People on very low incomes do not have the ability to make the same, usually beneficial, decisions as those who have access to expert advice and what they don't need is someone rubbing sand in their wounds.
Contact the family. Respectfully state your concern. It's 3k, which is a substantial amount, and she has a notarized and signed contract. She's a legitimate creditor, and should be paid. If they play hardball and they're not that important to her then she should sue the estate. This isn't hard, she's just spineless. Still a bad idea to lend money to friends for this and many other reasons.
Some friend, taking money from someone she knew couldn't afford it, knowing full well that she wouldn't pay it back. Not because she would die before she could.....she had no intention of returning the money.
Her “friend” asked a disabled lady for a loan and refused to pay it back, just because she’s dead doesn’t mean we can’t point out she was a terrible friend to this lady. Someone who’s maybe struggling to survive might not have mourning a “friend” who essentially scammed them on the top of their list. Don’t be so judgmental, I haven’t been in her shoes but I can have empathy.
@@mamamia8284 the "disabled" lady was stupid enough to loan out her money... nobody FORCED her to... thats on her... why doesn't she have to own her decision???
@@mamamia8284 don't infantalize physically disabled people she made a choice to loan it, and who knows if the woman would have paid her back? That is totally fine. Two consenting adults. Do I think she should still get the money back, absolutely. But it's a separate issue.
@@summerbreeze5360 I mean you can be sad to lose a friend, but be factual that you are still owed 3k. The family might be upset at that, maybe not, depends on how decent of people they are. If I died and had debts to friends or family, I definitely would want them paid back from my estate.
If you listen to whole video she's in a terrible financial situation. She should have never loaned $3,000. But I'm sure she also thought her friend who actually owns property in a business would be good for paying her back. You can still be sad someone died and be desperate enough need the money they owe you.
I hope she has legal recourse. This the perfect time for her to get paid. Everything is getting broken down for a will and inheritance. She has assets which means she should have paid the caller back. The people she owed money to should get paid first. It doesn't matter if they were friends. A friend should have paid the other friend back. The fact is the "friend" threw away the friendship before she died. Now it is just a debt to collect.
The lady who died may have no assets other than a shared home. There may be nothing she can get. If she files a lien on the home, that still puts nothing in her pocket now.
It's her fault for choosing to lend it and we don't know if she would have paid it back or not. Don't infantalize physically disabled people they can make choices like everyone else
This is really sad. When you have money it's easy to say let it go. You can tell that she really needed this money and was only trying to be a good friend to someone that took advantage of her. This is why I no longer lend out money.
She literally ghosted her.
lmao!
Underrated comment
Lmaooo damn that’s cold
😂😂😂
😭😭
At no point was she in a position to loan 3 grand to someone
yep, never loan money.. give it if you can afford to. If you can't afford to give it, you can't afford to loan it. Gift it to them... If they pay you back then fine, otherwise it was a gift you never expected to get back anyway so no problem, and nothing has to be awkward.
True
@@Lugnuut1 This. I have NEVER taken loaned money or given it. If you can and want to... give money... if you can't or don't want to... don't.
She was when she had 3 grand to lend. Not to say it was ever smart
Agree 100%
Bad money moves.... If you are on disability with no source of income you shouldn't be loaning money out.
In most cases. Disability doesn't mean you're poor. It means you can't work.
We should never loan. Just give what you can. Loaning keep ourselves and the other person in bondage.
Thank you! That's excellent advice.
@@Dan-qz8do
Typically, if you don’t work, you are poor
@@ArtTheSinger This wise info.👍
Never loan money to friends or family. Bites you in the backside every time. Better to make it a one-time gift and no repeats.
I will never loan money to friends again. Once I loaned 800 bucks to one when he lost his job. I said I wanted it back. This dude was so broke that he needed yearly tax returns to scrape up 200 bucks at a time. A few years later I lost my shiz, certainl I was just going to get screwed out of 200 bucks. My sister helped scold him so luckily I did get it, but he kept talking like he couldn't. I haven't spoken to him after receiving the last amt. Never again.
agreed
Should have never loaned her the money
Never loan money that you NEED
Some of the best advice I've heard is, "Never loan money that you expect to get back."
You gotta kno what type of person your loaning the money to
"she will be greatly missed, BUT!" 😂😂😂😂 this lady is a trip
“BESIDES THE POINT!” 🤪😭
Yeah I chuckled at that part
i busted out laughing at work. I couldnt believe it
lmfao she want her money lol
“But” was hilarious 😂😂😂
WRONG!!!! The caller is a creditor just like any other - a credit card , shoe store, amazon. It will cost her NOTHING to file a claim w/the court clerk handling probate. She doesn't need a lawyer; she needs to fill out a form. The executor (or the state if she died w/o a will) has a legal responsibility to see that all the woman's bills, loans, funeral, & other expenses are paid before distributing any money that is left. The reason death notices (not obits) are published is to put creditors on notice that their borrower has died.
I am with you don't cost anything to try she has it in writing. Probably won't get anywhere but.
@@joshuadearnley466 I disagree. I suspect with proper documentation (which it appears she does have) she should be able to file for repayment from the deceased's estate.
FUN FACT There is not always an estate after someone dies. I don’t know about every state but in the state where my relative died it’s only required to go through probate if they own property other than a vehicle. I filed notarized paperwork as an heir to get their vehicle transferred into my name. I never went to probate court. Any time her creditors sent a collection letter, I sent them a death certificate. Nothing else. All other money I got as the beneficiary. The creditors cannot sue me to pay these debts. Only the estate and there wasn’t one so end of story.
@@anndeecosita3586 This. Some states have financial limits too. When my uncle passed in Florida his assets, a truck and 2 bikes, were way under the asset minimum that was allowed to skip probate. If she needed to borrow money, its possible probate will never be opened.
This is true if there is an estate to be probated. If the only thing she had was a jointly owned home which (depending on how titled) may have all gone to the mother, then there might be no assets to probate.
Sounds like an awkward conversation at the funeral…
The funeral she missed? The woman died two months ago and she didn't even know.
@@cyoohoosTRUMP FILED SEVERAL BANKRUPTCIES
Lmfao you know she owns me 2700 imma get that ( as she's looking at her corpse)
Could be a Seinfeld or curb bit. I can absolutely picture Larry David bringing this up a a funeral.
I chuckled 🤭
If you can’t afford to be without it, don’t loan it. Even if you graduated together in 1991…Caller sounds like she’s presenting a case on Judge Judy
@@kendrapratt2098 🤣🤣🤣🤣
Yes good heavens, the rambling.
@@AmandaHugenkiss2915
Yes! I could hardly stand it! Just answer the dang question!
It's a simple legal question. I wish they hadn't gotten all feelsy. Just answer the question from a legal perspective. She has documentation. The woman died owing her money. What are her options? Would people be more sympathetic if the amount in question was $10,000? $25,000? Where's the threshold?
Would my position change if it was a larger sum? No. She should have had her friend secure the loan with ... her car? That's what they do at these payday loan places. She made an unsecured personal loan to a risky person. And they died. It happens.
I agree. I don’t like the way they handled this. $2700 is a lot of money for some people.
Jade and the other guy aren't lawyers, as they admitted on the call. You don't need to pay a lawyer $400 an hour to figure this out. Its quite simple...take the "L" and move on. Don't loan money to friends or family. If for someone reason you still want to give these people money, make it a gift and forget the whole thing ever happened. Don't even bring it up going forward in the relationship.
It matters because $3000 isn't worth the stress and aggravation. $10k + might be. But $3k? It's really not worth it.
Added to that, never loan money. If you can't afford to give it away, don't loan it either.
Simple legal questions don't get the same amount of views.
How this should have gone:
“I loaned a friend $3000 and she passed away. Should I go after her estate to get my money back?”
Women use 10,000 words to ask a simple question.
Right, but if we don't ppl judge us as being cold, harsh, etc. Trust me
She's also facing losing her house. She's scared.
Same when somebody asks for help with IT. Phones up and starts with what they had for breakfast . All I need to know is the basics to sort your shit not what you shat out because you ate breakfast
I thought the same as you….stop generalizing.
But she used many words not to be judged as a bad person. However she received very bad advice by 2 judgmental persons
Caller actually believed for a second that Jade was sorry that she lost her money.
Haha foreal
Smfh people
she said "thank you" lol Jades face at that moment lmao
@@AlexHernandez-m1tTRUMP FILED SEVERAL BANKRUPTCIES. WHY DID HE NOT PAY HIS DEBTS
Wow what a friend. 😢 Sigh
The reason that it's easy for Jade and Ken to just let go of the money is because to them $3000 isn't that much money. My guess is to the caller $3000 is a LOT of money. If the caller has legal documentation of a loan agreement (and that may be a big "if") she can absolutely file a claim with the executor of the will. It can't hurt.
She shouldn’t have given the money then…
Those are good points.
You’re assuming the person who needed to borrow $3k has a will and an executor of such😂😂😂 be so ffr
Lol Um no that's not it. $3,000 is NOT a lot of money in the U.S. That's why a poverty line exists. $3,000 could certainly mean a lot to someone, but then it's probably revealing they have not been good with their money, and need to make some serious changes.
@@kurtf4111on your high horse much ? 😂
Don't lend friends money unless you are prepared to lose it, money changes relationships.
feel for this lady . she was in tight times herself and still lent to her friend
This message is so true... "When you're in a tough financial experience, it clouds your judgement"
No, don't let it go!! Go after her estate!!!! If you are in a tough financial situation, every cent counts. If you can afford to go after it..GO AFTER IT!!! Ask from a legal perspective! She mentioned proof that the friend was going to pay her back, go see her mum and explain your financial situation! The mum might be an upstanding citizen! Maybe send her a registered letter then call her. At least attrmpt to get your money back- 3000 dollars is a lot!
Really bad advice. File a claim for the outstanding debt with the estate’s executor. It doesn’t need to be nasty.
Agreed. It's all documented, even notarized!
@@jasonrodgers9063 This ^ If it wasn't notarized or even documented she could kiss it goodbye. I understand this is not a legal counseling show, but the fact that they cringed and gave her bad advice on a financial advice show was difficult to watch.
Agreed. Just because they called it cringe doesn't mean that she shouldn't try to get the money back. She needs it back.
Okay Karen
@@bballjj18she said it was notarized.
In Islam
If one person died while owning money to another person, which is proven by documentation or whatever
It comes out of the inheritance
Regardless of the amount with no shame
It is a way of honoring the deceased
So, it is a valid question
Dave can NEVER retire. None of the other hosts know how to handle calls unless the issue is a mountain of student loans and credit card debt. SMH.
I think he retired when he hired a bunch of kids. He should have hired people with more life experience. He should also get people with a specialty, they can be asked questions in their specialty.
Collect the debt just like any other lender would do. They had a binding agreement that doesn’t just nullify because she died. I don’t think telling a struggling lady who’s about to lose her home to just “let it go” is the right thing, especially coming from a couple wealthy people who can’t relate.
well said
She’s getting zero since it’s only $3000. Court fees and lawyers would be way more
@@HomleassUFCNo they wouldn't. This is a simple claim on an estate. Cost would probably be no more than a $50 filing fee, if even that.
Sorry but people at the Ramsey Company work their way up from nothing fairly certain this isn't their first gig. I wouldn't be surprised either if Dave had his daughter work in the "real world" to gain perspective. Anyway, if I became a millionaire that doesn't mean I never worked hourly jobs or struggled. Ever been 18 working at Wendy's? I have. We all have! You don't go to sleep one day and wake up rich this isn't the lottery it's reality haha. Even most millionaires in the country and even Billionaire's struggled and worked small time employment, lol. Come on stop bashing people who make more money than you because you haven't made it yourself yet and can't relate? Do you see how that sounds?Only difference is "rich" people started from the bottom and hit a point financially others haven't. So that isn't okay to disrespect people for being hard working. You can't sneeze and all the sudden millions of dollars fall in your lap.
@@HomleassUFCit’s $2700. The girl paid her $300 back
She 100% needs to reach out to the executor of the estate and request the money that’s owed to her. This woman is in no financial position to absorb a $2700 loss. In fact, she was probably in no position to even loan the money, she just did it out of the kindness of her heart, and her friend burned her.
Or take the L and move on. I hope you're not a Christian.
Nothing wrong with contacting the family after a few weeks have passed. If they are honest people, they would settle it without much headache. Worth a try.
They didn’t agree to pay back the loan.
I would be so embarrassed to contact a grieving family over money. That’s why it’s so important for people to listen to Dave’s advice: if you don’t have the money to give it away, don’t “loan” it out.
@@cutenobiI would be embarrassed if my family member didn’t pay off a close friend and then stopped answering when she called for status of her money. I would absolutely pay it off if was over my family member’s estate because right is right
You're not a very moral man
@@BitterBetterBMIf they have control of the deceased person assets, then she should be repaid with them.
Never Loan what you can't afford to give..
Bingo!
This is the right comment.
Well the mentally challenged have a poor track record with making sound financial decisions...
$3,000 for someone on disability could be very meaningful.
Such a weird reaction from the hosts. This lady seems to have been an absolute gem to her friend and instead of having the integrity to pay the money back, the friend screwed her over. Where is the cringe? Also how do you know 3000 dollars isn't a lot of money to her? It sounds more like she could not really afford to give her the money in the first place.
She’s dead……… not even the irs can collect from a dead person lol
Nah its in bad taste. Hosts are right
Cringe to humans with a good moral compass. Probably not cringe to greedy, selfish people like yourself. For people with good values, it's called blood money.
I agree with you. That amount of money seems like a lot to her. I'm confused why she doesn't have any legal options. They made a contract and had it notarized. I don't understand why she can't make a claim against her friend's estate.
@@Evroyal She is dead, but it was stated that she has property…assets! So yes, the IRS can collect money from a dead persons estate, as well as other creditors. You clearly don’t know what you are talking about, and I’m not sure where you get information concerning the settlement of an estate after death.
I dopn't know if you guys listened to the whole call. This lady had a crummy friend. She was disabled in a car accident and received a settlement and the "friend" immediately leans on her for $3g. They wrote up a promissary note and again "friend" tells her she won't pay it because she "lost" cleaning customers. Now this poor lady is facing losing her home because the government probably shut her job down and imposed a moratorium on mortgage payments but all that did was pile up her mortgage payments. She can probably put a lien on the house but she won't get any money from "friend's" mom and will end up spending more in legal fees. She needs to talk to the mortgage company about the piled up debt with the mortgage company. I hope they can help her. She should also attempt to collect from the estate so they can't claim she let the debt go. But her friendship with this person ended when she received the money from the car wreck.
She can't put a lien on the house. She could get a lawyer to get a lien on the estate. But as my mother always said.... you can't get blood out of a turnip. I doubt this woman had much of an estate
I had to borrow 400 dollars from a friend. When my husband was dying. It killed me to ask he lent to me. I made sure it was paid back when it promised. He was a great friend and I wasn't going mess up a 15 year friendship for 400 dollars.
@@Patricia-pp3mr You'd be surprised how many people will mess up a relationship because "they got theirs" and now they are on to the next priority. No regard for the promise they made to pay someone back after they went out on a ledge to help them.
She also said that same friend helped her out a few years ago when she lost her job and house.
She’s going to pay more in court fees than it’s worth. $2700 isn’t worth it.
Long story short always turns into short story long.
One thing that's worse than borrowing money you don't have is LENDING money you don't have 🤦🏾♂️
Well said!
Ohio listener here: You can file in small claims court ( Municipal) make sure to include a copy of the agreement and show up for the court date. You can do this yourself you will have to pay court fee's for filing, explain it to the judge and most likely will get a judgement, it will clog up the estate if they file probate, they will not be able to sell the house that she and her mother lived in ( if she is on the title) but it doesn't sound like she had much either. When we sold our in laws house to a friend of a friend, all went well till they found she had a judgement against her because of her son who was under 18, had a car wreck and as the mother she was responsible to pay the debt and the bank would not close on our house sell till she paid off that judgement, fortunately it was only a couple thousand dollars. Anna In Ohio
Rational advice. I would have thought it’s the legal obligation of the executors of the estate or will to settle the estate including debts. That the contract was notarised should make it straight forward to present to the executor but the small claims ruling should make it even more solid.
She said the mother is the title holder so everything u said I’d irrelevant. The mother didn’t sign the promissory note.
@@DiscoFangwhy do yall keep assuming everybody has an estate, estate executor, and will 🤷🏾♀️
@@BitterBetterBM Exactly? Most people aren't responsible enough to get a will? let alone have an ESTATE that is passed on their heirs?? And this was an UNSECURED loan. You can't go back in time and claim property as repayment
@@cyoohoos Everyone who dies has an estate. The lint in your pockets is part of your estate. Not everyone has anything of monetary value that can be claimed, though. But the caller seems to think this woman does.
When an estate is settled, outstanding debts should be paid. Do you think the hospital is going to just let her last bill go because she died? Do you think any credit cards she had balances on are going to say "well this is a tough situation, let's just not worry about it". ?
Agreed, but in this case it was a personal loan and the caller should just write it off on their taxes.
I agree. I realize it’s a touchy subject, but if you borrow money, you should pay it back, period. Doesn’t matter if you’re alive and it comes out of your paycheck or you’re dead and comes out of your estate.
@blackonblack...9244 lol okay kiddo. you have no idea how taxes work
Both hospitals and credit card company's will 'write off' a majority of debts due to death, our fine gov give them tax breaks for this
Hmm.... credit card companies do pretty much say ... we won't worry about it. My own mother died with credit card debt and I told them to call her up and tell her to send them their money. It was her debt...NOT MINE. They eventually wrote it off. Debt secured with property: homes, cars, etc. They can come after. I doubt this woman had any type of estate if she couldn't swing a $3k loan to a *friend*
1:53 "im sorry too that she died but she owes me money" 😮
Being in a tight financial situation is emotionally draining and exhausting. It clouds your judgement. I agree.
She loaned money she didnt have to a person who wasnt responsible. Sorry kid, you fumbled.
0:15 received some money as settlement for a car accident. Friend knew about it and asked if she could borrow some of it.
Skill issue
Well I wouldnt call it a fumble… she assumed her friend was an honest person as most people do with friends and family, and usually they are… until they arent.
But she did get a written paper, which does mean she could sue the estate, now whether she actually gets anything or not is a separate issue.
@@XFizzlepop-Berrytwist you DON'T LOAN MONEY.... EVER!!!!!!!!
Jesus H Christ... how many times does Dave have to say it?!!!!
If you want to give money, give money... if not... don't...
@@firefly9838
See I disagree with this.
What if your parents say needed a large sum of money for something, it would be too much to just give, but you could loan it out to them without hurting.
You know they would pay you back.
Otherwise you dont loan it out, they could suffer unnecessarily?
Loans between family & friends don't exist, they're only gifts, if you "loan" to someone say goodbye to its its gone & you're never getting that money back
Loan people money that are broke and bad with money and few things will happen
1) they will have a horrible memory, oh yea I forgot about that.. Oh it’s $2,000 I thought it was only $1,000 I owed and didn’t I pay some it back
2) they no longer text or take calls
3) if you do get some back you have to ask for it several times and it will be a tiny payment. They are going to act like it’s hardship and they are doing you the favor by paying it
@@MT20233 Yes for me personally I never loan money to people, if I decide & can afford to give I do but I never loan for that reason, I know myself and I would have a lot of anger and resentment for the person I loaned the money to if see them spend all this money on themselves while never paying me back so I don't do it, I never loan to anyone and never will
If someone asks I say no every single time
Loaning money ruins friendships look at this call this woman's friendship came to an end just before she passed & they had a falling out over $2700 & it was a hassle and a hardship to even get $300 from her
@@MT20233TRUMP FILED SEVERAL BANKRUPTCIES
The power of the word NO😊
That is absolutely not the case. As long as the loan is in writing, it's valid like any other loan. Not only that, but in this case they got the loan agreement notarized
It's easy for you to say, let it go. $3000 is a lot of money for many people. It's not like the caller had a lot of money. Her money was from a car accident settlement.
OMG, it took her 2 minutes to get to the point. None of that extraneous stuff matters, what matters is "I loaned her $3000, she still owes $2700, and then she died."
Hot take: I don’t think there’s anything morally wrong with suing the estate over the $3K. Friend should have paid it when she was alive, you don’t get a free pass because she’s dead.
Absolutely. It would be one thing if it was $50... but $3,000 is a lot to just "let go".
Y’all are cold. She probably won’t get the money even with legal action against a dead person. If she gets anything from the estate it could be years from now
What you said isn’t an opinion, it’s a fact. There’s absolutely nothing morally wrong with her trying to get her money back
@DeAndresWay You may be right, but it's worth looking into. If it was your $3,000 that you needed back, I bet you would feel differently. She probably shouldn't have loaned it to begin with, but here we are now.
No need to sue. Just file a claim against the estate of the deceased, and if there are any assets available to cover the claim, it will be covered in part or in full.
The lady has a crummy friend. It’s sad that she passed away but she was loaned $3,000. Her friend shouldn’t have to continue to ask her to repay the money. If the borrower was truly a good friend, she would have been making payments on a regular basis without the friend constantly having to asking her for repayment!
The caller can’t afford not to be paid back the estate needs to pay
I don’t blame that lady…she doesn’t sound like she has money to lose. The hosts have money so $3k isn’t a big deal to them.
This woman must be desperate to still be thinking about her $3000 after the death of her friend.
Poor people should not be loaning money to anyone.
If you can’t afford to lose it, don’t give it.
Get off your high horse. Most people would still be thinking of a $3000 loan that was not repaid.
What a condescending arrogant statement. Shut up.
lol I pray God humbles you in this life or the next
@@Lovelyinspo If you are a witch or a wizard, please keep it local within your family. You spend your time praying evil prayers for strangers. May the God of Israel dish you 1 million folds that you wish upon others in Jesus name.
@@carollynt Most people do not loan anyone $3000.
Jade: "I gotta be honest, I'm struggling with this one"
Caller: "Me too. Thank you."
Total /whoosh 😅
Why can’t people stop rambling? Plan what you are going to say before the call!
They got to emotionally massage their massage.
Imagine if she came out and said "this bitch who died owes me money"
I agree in most cases, but sometimes some callers get emotional during a call and it can make you lose your ability to talk properly.
Yep, they got into their feels instead of answering the actual question. She can file against the estate and the highest debts are paid first. There may or may not be enough to pay her debt.
Yo, when you going to pay me back that 3 Grand.
ME: Um, I'm dead?
The fact they dont understand what its like to be poor. $3k in a poor person world is alot. ( ~$50k in your world, for those that dont understand) That said, i think she had a written contact. So yes you can go after her estate and she would be liable to pay you back. Especially if the contract was notarized. Its not nasty to get your money back, especially if the person intended to pay you back.
2:02 😂😂😂😂😂 she just skipped over this. How is the woman who owes u 💵 being dead besides the point🤷🏾♀️
She was like let’s get to the important part 😅
I know I thought the same thing
Just don't loan people money. Give money if you want to with no strings attached. Give it and let it go.
Right ! Why people don’t understand it just drives me nuts ..
@@Kroh13 They just haven't learned the lesson yet. It's kind of a right of passage. lol!
@@Kroh13TRUMP FILED SEVERAL BANKRUPTCIES
Yeah, I completely agree. I don't loan people money. I'm not a credit card business. if I want to give money, I will give it. If not, I won't. Its pretty simple.
I think it depends really.
The sad part is that the money completely destroyed a lifelong friendship. The caller has no remorse for her former friend's passing whatsoever. They just hated each other by the end.
The realistic part is that this lady made one of the dumbest financial decisions you can possibly make, lending money to a friend. Especially when you can't afford it. Lesson learned, hopefully.
Never "loan money". Just gift an amount you can comfortably live without if you want to do it. Makes life much much easier on everyone.
Well she had a written contract, so she can go to small claims over it, or something.
DON’T LEND MONEY THAT YOU CANNOT AFFORD TO LEND!!! Smh it’s wild that she even made this phone call… The situation is very unfortunate for both sides, but you’re taking a loss whether you accept it or not.
TRUMP FILED SEVERAL BANKRUPTCIES
This is bad advice… she might lose out 50$ for a filing fee to small claims, she absolutely can get her money.
She has legal grounds and should be getting expert advice. Not from these two. I am not an expert, but I admit it.
Don’t loan if you can’t afford to lose it.
Plain and simple.
$3,000 for someone on disability can be very helpful.
Never loan money if you are not in good financial position yourself.
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Being in a tight financial situation is emotionally draining and exhausting. It clouds your judgement. I agree. $3,000 doesn’t get a person completely out of foreclosure and/ or debt.
No but it definitely wont hurt to have it.
Contact the executor or their lawyer and provide the document. Doesn’t cost any money (maybe postage).
I love the rule of never loaning money. Had a friend ask for a loan once. She was a really good friend and I knew I could rely on her to pay it back. Same friend would have gone to great lengths to help me and had helped me many times. I figured if I trusted her friendship and loyalty enough to lend it to her that I should be willing to give it to her. We had the funds at the time, so I told her I didn't loan money but I was happy to give it to her. I felt a tiny bit bad that it made her uncomfortable initially, but ultimately I'm so glad I never gave it as a loan. They got into a much better financial place not terribly long after, but I wonder if it would have taken significantly longer if they'd had to worry about repaying what I gave them. Sucks to owe money and can suck more to be owed by someone you would rather keep a good relationship with. I'd do the same for that friend any day. Thankfully, they are solid people who might never need it cause they work so hard and work to be responsible.
I would think if she was a really good friend and even though you told her you were giving it to her, she would have paid you back. Especially if it was a couple thousand dollars. But, if it was only a couple hundred dollars, that's different. But, I would have given that back too.
It really can depend, maybe a family member needs a rather large sum, you have the ability to loan it, but not gift it.
I think circumstances can dictate certain appropriate actions.
Never loan more than you would give. So when they don't pay it back, it was always a gift. And it's insurance: if they ask for more money, you remind them of the earlier unpaid "loan".
Well this loan had a written contract with it, so she can absolutely go to small claims or something over it.
Jade with the Gucci sweater
Yes! And the glasses are cute! Love her look today
I peeped that too lol
I think it’s a little cringe to shame a disabled lady who was taken advantage of by a “friend” and essentially scammed out of $3K. I understand the “friend” has died, and trying to go after the estate is probably pointless and this lady should probably let it go for her own good. However, her friend was likely a terrible person for asking for a loan from a disabled person barely surviving on disability, it’s not cringe for her to feel hurt and wonder if she can get her money back. In this economy, she probably needs that just to survive. Taking advantage of disabled people is the lowest of the low.
👏🏾👏🏾👏🏾
This episode was cringe! Not the caller!
The dead can't scam people...
Dont infantalize disabled people😂she wasn't mentally disabled. She chose to do it which she had the right to do, this women very well could have paid her back but she died. We can't say she's a terrible person we do not know her circumstances or predicment.
Asking for the loan isnt necessarily bad, and disabled lady, heart of gold to loan it.
Friend is terrible for not paying back her disabled friend.
Do not loan money to friends or family. If you want to help them and can afford to do so, gift the money to them instead. A close friend of mine was in a tough financial situation two years ago, so I gifted him $7,500. I was glad to be able to do so. We're still the closest of friends, he's back on his feet, the gift is never discussed, and I have no interest in being paid back.
It definitely just depends.
Its amazing that you can gift such an amount, but say your parents get in a tight spot, maybe threat of losing a house, the amount is 100k as an example, 200k?
Maybe you can loan the money, even interest free, and you know they will pay you back, xD but it would be a lot to just gift.
@XFizzlepop-Berrytwist I would gift my parents $200,000 in a heartbeat to keep them in their home. After all, my success is rooted in the way they reared me.
@XFizzlepop-Berrytwist I would gift my parents $200,000 to keep them in their home. After all, I owe much of my success to the way they reared me.
@XFizzlepop-Berrytwist I would gladly gift my parents 200K to help them remain in their home. After all, my success is partly rooted in the way they reared me.
@XFizzlepop-Berrytwist Give what you can, but do NOT loan what you can’t afford to lose.
This is so unhinged she is more worried about the money then the friend who’s dead .
What if for some reason she had to rely on getting this money back afterwards and this was something unforeseen? Are you still going to be mad at her for asking for her money back?
You mean the friend who's dead who immediately defaulted on the money she borrowed and clearly planned on stiffing her for the rest? That friend? Get real.
Lol, I love how when the hosts express their sympathies and she was like paraphrasing "Yes, so sad anyway back to how I get my money back."
@ stiffing her 😂😂😂😂 good one, she is definitely a stiff now
She is hurting because her friend died
Does 3k mean nothing to anyone? Wow
5:14 she really nailed it. Even the best of people are rational when desperate…it’s hard but best to refrain judgmental thinking.
I mean she could still get the money through small claims.
3k may not be a lot to others, but it sounds like 3k was a lot to the caller. Lesson for her to not loan anything she can’t afford to lose. Legally, she should consult a lawyer but idk if the fees would be worth it in the end. Consultation is cheap but the legal fees to file against the estate may not be worth it in the end for her.
... if she needed that money so badly, why the hell did she give it away?
She could probably go through small claims, wont even need a lawyer.
@@firefly9838
Because its what you do for a friend.
Shame her friend though turned out to be a selfish greedy woman and refused to pay her back.
NEVER lend money to friends! And NEVER "lend" money to family, unless you are ready to treat it as a gift.
I loaned my dad 3 grand for his business so he would have something to do with his wife because his old job was too difficult for him and he was going to help his wife sell bags at a flea market. The agreement was to pay 300 dollars a month for 12 months (he insisted on the interest). He died about 3 months into the loan, I couldn't imagine worrying about 9 months worth of $300 payments when my dad just passed away, forget the pittance and don't loan money if you don't have money to lose.
I would say the circumstances are definitely a bit different, to a parent? Yeah… I wouldnt worry about 3k either, or even more.
I suppose it could also depend on how good a relationship you have with your parents, some people have bad relationships, but clearly you absolutely loved your father.
I wouldnt charge family I loved on interest either, even if they insisted on it haha.
Though some people can be stubborn that way, and sometimes you just cave to be a good sport about it.
This woman is insane
Very hard to listen to. Run on sentence with no break.
I concur.
Consider the $3K the last gift you gave your long time friend.
Well said. The friend she said helped HER out many times and that's why she loaned her the money
She even got $300 back. Sure its not all of it but its something at least.
She can go through small claims most likely.
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
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I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals' finances
I have heard a lot of wonderful things about Anna Duke on the news but didn't believe it until now. I'm definitely trying her out
Started with 5,000$ and Withdrew profits
89,000$
Please who is this Mrs Anna
Jade is 100% right.
Give your friend grace, for Godsake!
You guys don't know what you're talking about and it's dishonest to gaslight her.
She's a legitimate creditor. This can be reviewed by the probate court.
They are human beings. Most people cringed hearing one side of the story. It's easy to say what they should have done after the fact. When they did hear the full story, they were very sympathetic to her plight. If they had still said... "Well, whatever your situation is, you should let the money go", then it's an entirely different conversation. Even when they hadn't heard her side of the story, they were still polite and respectful. You need to calm your life down. They know what they are talking about.
Agreed. She totally has standing as a creditor to file a claim with the decedent's estate, if there is one. If there is not an estate, then it probably would not be worth her time to open one as a debt holder.
@@slimchiggy
Clearly they dont. XD
They basically just said let it go.
@@XFizzlepop-Berrytwistat first. Which most people felt was the right response to a FRIEND that died. When they heard the full story, they changed their stance. Easy to say they made a mistake after hearing the full story.
@@slimchiggy
It didnt sound like they changed their stance on it to me really…
What?! What do you plan to do? Get a lawyer and sue her estate which would cost you well over 3k even if you won. You learned a 3k life lesson. A "contract" doesn't magically make people pay you back or them have the money if they don't.
You’re mean Ryan
Doesn't have to sue. File a claim to the estate costs 0 dollars. If it's 3000, more than likely, the persons family will pay her back.
@@Aznmf
Im glad people like you are outting yourself as people who care more about money than a friend
@@quintinnunn1392 Friends don't take 3 grand and run off with it. I'm not privy to how filing claims on someone's estate works after they pass away, but if it's as simple as some people have made it out to be then the caller is not only well within her legal right, but I don't see any moral or ethical dilemma in filing the claim. When you pass and you have debts your estate has to attempt to pay out debts if the estate can cover it. She might not get anything, or only a portion, but it's better than nothing.
You can probably go through small claims, no lawyer needed.
Even if she does lawyer up, decent chance she may find a lawyer that may take a couple hundred for handling it, maybe 1k max.
Still 1700 is better than 0$.
Legally you can go after the estate.
But you've been friends for 25 years.
Like Elsa said. Let it go.
I don’t believe she should be so who is going to get the estate money? The creditors, the credit card companies?
Ask the mother and show them the contract.
Trying to fight for this is going to cost more than 3k. My goodness this person is wild
The money must come back, money doesn't die...Go and get your money lady...Creditors out there and institutions always get their money back from the deceased. These two are being emotional and wrong about this issue...Claim your money against the deceased assets
We do not loan out money to other people because of issues like this. If you need money maybe we will gift you something if we are able but we’re never giving a loan. That only creates resentment and trouble.
Not always, it just depends on who, how much, and the relationship.
As a notary myself the biggest thing that people get wrong is that when a document is notarized that it becomes a legal document. That is not the case. All a notary does is say that "Yes, this person signed the piece of paper" A notary isnt a lawyer or can vouch for what is in said document (or even legal for that matter). All it is saying is that person "X" and "Y" signed this piece of paper. Technically a notary can notarize a piece of paper saying that "Person A agrees to go rob the local Target store". It just means that the person signed the piece of paper. Doesnt mean that it is a legal document.
I see absolutely no issue with her trying to get her money back lol That lady needs her money
Except maybe no one in the surviving family has any money to give.
2:20 "Go forward with what"😂 Now we are getting down to business
This one is wild. 3k is a lot for folks but sheesh . A friend that passed??? Naw man , money is the last thing I’ll care about if my Friend died.
Clearly they weren't really friends if she didn't even know the woman died two months ago and they haven't spoken in almost a year.
@@cyoohoos exactly I am surprised nobody picked up on that... but many Americans have abysmal states of "friendship" so its possible that applies to most here and they didn't catch it.
I think she has something here. Maybe it's cringe to someone who makes a good bit of money.
But every creditor is gonna get their money from that estate before it goes to the family.
I don't think its a problem at all to get that money back
She was helping you out and you didn’t just give it to her?
She very obviously could not afford to give it to her. She said she’s losing her home.
It took her 3 minutes to get to the point ;-)
Millionaires telling a person struggling financially to "let it go." This is America now. They never asked this lady's financial situation or if she needed that $3000 to survive. SMH. Just because 3k means nothing to you, doesn't mean that is the same for everyone.
This isn't an issue of millionaires talking down to people who are less fortunate. This is an issue of practicality. The reality is in order to get that $3,000 back it will cost this woman a lot more than $3,000 in legal fees. Not to mention other financial and administrative headaches to get her place at the table for an estate payout...assuming there is anything in the estate to liquidate. Somehow I doubt a woman who couldn't pay back a long time "friend" when she was living, has a whole lot of assets over and above her debts.
👏🏾👏🏾👏🏾
This is a very simple process - file a claim against the estate for the unpaid amount of the loan. If there is money left over in the estate after more senior liabilities are paid, it will be divided amongst the peer creditors. If there is enough value in the estate left over to cover all the liabilities, then it should be paid back in full and then any remainder will go to heirs.
This one is making the top ten list fo sho 😅😅😅
"I am going to lose my house my dead friend owes me money"
-Ken "CRINGE"
LMAO
Then the lady going on about losing 27 people because of covid. I am like what did this call turn into?
3,000 is a lot of money to lose but since she died it’s time to face the harsh reality that your never going to see that money again so for future reference DONT loan out any money to anyone ever again
Never loan money to friends or family.
I disagree with that statement.
Dont have a problem loaning.
Maybe even gifting, but if I loan and you dont pay back definitely wont loan again.
But some circumstances exist though maybe someone needs a large loan, you know they will be honest and pay you back or attempt to.
I wont let a good friend or family member suffer if I can help out, credit card companies and banks charge way too high interest.
I've never seen so many comments in disagreement with Ramsey Show "advice" and I think they're justified. She received more of a bollocking than folk who have gotten themselves into millions of dollars in debt. I think the presenters themselves need a little education on "how the other half live". People on very low incomes do not have the ability to make the same, usually beneficial, decisions as those who have access to expert advice and what they don't need is someone rubbing sand in their wounds.
Is Jade wearing Gucci? Those Ramsey checks are nice I see.
Could be a consignment shop buy!
Especially if you're debt free;)
well their all millionaires lmao
They're all millionaires with no debt, so they can afford nice stuff.
Banks arent gonna let it go if theres assets, get your money.
Contact the family. Respectfully state your concern. It's 3k, which is a substantial amount, and she has a notarized and signed contract. She's a legitimate creditor, and should be paid. If they play hardball and they're not that important to her then she should sue the estate. This isn't hard, she's just spineless.
Still a bad idea to lend money to friends for this and many other reasons.
Some friend, taking money from someone she knew couldn't afford it, knowing full well that she wouldn't pay it back. Not because she would die before she could.....she had no intention of returning the money.
“Go forward with what”??
😂😂😂😂😂😂😂😂
Home girl bout her money whachu mean 😂
I have never thought there is horrible advice on this show. But with all due respect, that was some horrible advice.
She’s all teary and emotional, then drops the money bomb. She seems more worried about the money than losing a friend permanently. Sheesh.
Her “friend” asked a disabled lady for a loan and refused to pay it back, just because she’s dead doesn’t mean we can’t point out she was a terrible friend to this lady. Someone who’s maybe struggling to survive might not have mourning a “friend” who essentially scammed them on the top of their list. Don’t be so judgmental, I haven’t been in her shoes but I can have empathy.
@@mamamia8284 the "disabled" lady was stupid enough to loan out her money... nobody FORCED her to... thats on her... why doesn't she have to own her decision???
@@mamamia8284 don't infantalize physically disabled people she made a choice to loan it, and who knows if the woman would have paid her back? That is totally fine. Two consenting adults.
Do I think she should still get the money back, absolutely. But it's a separate issue.
@@summerbreeze5360
I mean you can be sad to lose a friend, but be factual that you are still owed 3k.
The family might be upset at that, maybe not, depends on how decent of people they are.
If I died and had debts to friends or family, I definitely would want them paid back from my estate.
If you listen to whole video she's in a terrible financial situation. She should have never loaned $3,000. But I'm sure she also thought her friend who actually owns property in a business would be good for paying her back. You can still be sad someone died and be desperate enough need the money they owe you.
A friend pays their debts to their friend. Go after the money!
I hope she has legal recourse. This the perfect time for her to get paid. Everything is getting broken down for a will and inheritance. She has assets which means she should have paid the caller back. The people she owed money to should get paid first. It doesn't matter if they were friends. A friend should have paid the other friend back. The fact is the "friend" threw away the friendship before she died. Now it is just a debt to collect.
Everybody doesn’t have a will. A person who needed to borrow $3k doesn’t have an estate either.
The lady who died may have no assets other than a shared home. There may be nothing she can get. If she files a lien on the home, that still puts nothing in her pocket now.
It's her fault for choosing to lend it and we don't know if she would have paid it back or not. Don't infantalize physically disabled people they can make choices like everyone else
This is really sad. When you have money it's easy to say let it go. You can tell that she really needed this money and was only trying to be a good friend to someone that took advantage of her. This is why I no longer lend out money.