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Why is it important to pay back money you owe?

Updated: 8/17/2019
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14y ago

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because they can pay for you went you need money

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14y ago
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Q: Why is it important to pay back money you owe?
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What will happen if you file the current years taxes and owe for back taxes?

You will have to pay a fine. And pay all the money back that you owe.


How can you stop my ex wife from harassing me about the money that I owe her?

Pay her back of course.


What is a bank rupsy?

When you owe a lot of money to a bank that you can't pay back.


If a person cosigned for you and their name is on the title are you required to pay them back?

only if you owe them money


If someone is convicted of a crime for obtaining property by false pretense and go to jail will they have to pay back the money the owe when released or does time served count for what the owe?

The individual will still be responsible for paying back the money they owe even after serving time in jail. Time served does not fulfill their obligation to repay the victim for the property obtained by false pretense. They may be required to pay restitution as part of their sentence.


Do you have to pay back a personal loan if the person you borrowed it from died?

You still owe the money. It is an asset of the estate.


Do you owe an ex boyfriend money back for debt that he paid off for you?

Morally, you should. Though, it depends if there was a verbal or otherwise contract, i.e. an agreement of a loan for you to pay him back. If there was, you are legally obligated to pay back the money to him.


What if you have no money to pay your taxes?

You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.


Why is lottery bad?

Yes it is bad. Why give the money away? When our government needs it more. we need to pay our money back to the country's we already owe.


What should you do if unemployment says you owe them money?

Pay as you can. They will continually take your refund annually until they get it all back. Another opinion: Get together with the unemployment office and work out mutually acceptable details. Have them point out where and why you owe the money, and come to a compromise.


If I loaned someone money can their spouse deduct money from the balance that you them for money that I owe the spouse?

It sounds like finances have gotten a little complex, here. I can see an issue where if you pay back the money to one spouse without the knowledge of the other, you may not get credit. Have a discussion with them--together--to sort it out. That way, you will not come into conflict with their money management. Otherwise, it is a fine idea for them to subtract what you owe them from the money they pay back. Then, you are even!


How do you get money back that people owe you?

Remind them when you see them that they owe you money. Send an email or letter to request the money. If you are out with them, ask them to buy your coffee or something so that you can recoup the money a little at a time. I once had someone owe me a dollar that didn't want to pay me back and one day I asked is she had any stamps. She offered me three stamps and then I said, we're even for that dollar now.