His Mom Racked Up $125,000 In Credit Card Debt In The Last Year, And She Wants Him To Pay It Off
This 31-year-old man got into a legal battle with his landlord last year, and it was pretty harrowing, as well as risky.
In the end, he ended up with six figures in a settlement, and he has moved right along with his life.
His 70-year-old mom knows about the money he received, and a couple of days ago, she phoned him up to ask if he can pay her credit card debt for her.
Apparently, his mom has racked up $125,000 in credit card bills in the last year alone, so she expects him to pay all of it.
She did say that she is willing to pay him back, and he can charge her 5% interest for the next 5 years.
He was stunned that his mom was asking him for that kind of money, and he even asked her how she got herself into so much debt.
His mom didn’t want to tell him what she had spent the money on, and he didn’t keep pressing her to find out.
He does know that his mom quit her job a couple of years back in order to be a life coach, and he suspects her outrageous spending has something to do with that.
“However, I have always been skeptical of life coaching – literally anyone can call themselves one, there are heavy MLM vibes, a lot of “woo woo,” and a lot of scam artists,” he explained.
fizkes – stock.adobe.com – illustrative purposes only, not the actual person
“…She’s an adult and I always respected and supported her decision to follow her own dream. It’s also clear she has spent a lot of money on coaches and fancy seminars. Whatever she spent it on, she is cagey about telling me, and it’s clear she has dug herself a $125K hole.”
“So I said no. She accepted my decision but also began crying, and I could tell she was really hoping that I would be her get-out-of-jail-free card.”
He feels awful for telling his mom no since he does have the kind of money to easily pay his mom’s debt off for her.
He adores his mom, and she really is a wonderful woman who raised him all on her own. He knows he owes his mom absolutely everything, but he just doesn’t want to do her this kind of a favor.
“But I doubt I would be paid back, and it feels like I’m enabling someone who has spun out of control with their finances,” he said.
“Not to mention, it would take a huge chunk out of the money from the settlement, which I have placed into my retirement savings.”
He’s wondering if it’s wrong not to say yes to paying off his mom’s credit card debt. What do you think?
You can read the original post on Reddit here.
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