Are You Being "Financially Pimped?"

Being Financially Pumped   Download now or listen on posterous Commentary For Being Financially Pimped.mp3 (1405 KB) I'm sorry if my title is a bit offensive to you but this madness has got to stop! I hear so many stories of young women who seem financially responsible get involved in a relationship with financially irresponsible men. What gives ladies?? This story I am sharing with you is a perfect example of what I consider being "Financially Pimped." Let's just call her "Jane Doe." However this is a very true story. At age 22 Jane is deeply in love with John. So as they build this beautiful courtship he ask Jane to sign 100% for a student loan in the total amount of $50,000 that he will need to finish a school program.  Jane hesitates but he assures her that this is the only way they can build a future together. So in love and hopeful for a future with John she takes total responsibility for his student loan. Now fast-forward 4-years later they are no longer dating. The wedding bells never came their way and she is stuck with him not paying on the student loan that benefited him, however it is also the loan that she in 100% responsible for. So for reasons unknown, John is no longer paying the monthly bill and the creditor calls Jane for the payments. With back payments and late fees she cannot afford to pay. Was she "financially pimped?" Yes!!!! I can say so many things about this "financially pimped" scenario but I won't go into all of that in this blog.  What I do want to say is that a school loan cannot be included in a bankruptcy petition and why someone would take 100% responsibility for a loan that benefits someone else unless it is your child, I do not know.  Please ladies wake-up.  If you were financially responsible why would you risk your financial health for someone who doesn't care about his or her financial future?     Warm regards, Dina Harbour, Extraordinaire CEO & Host of Women Obtaining Wealth  Women Obtaining Wealth Organization W.O.W. Conversations on Internet Radio, Sundays @ 9p EST Call-In # for show: (646) 478-5836 Stay Connected to W.O.W. download our customized toolbar today!

 

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