I Borrowed Stolen Money and Didn't Know it

[Music] If your private student loans are in default, you're not out of options. Go to yrefi.com/ramsey. A year ago, I was facing some legal uh troubles. Had to go to court, stuff like that. I needed a lawyer. So, I went to my uncle. He was doing a little bit well off financially. So, I told him, uh, if you can help me find a lawyer, you know, but he decided to take on everything himself. He paid for the lawyer with, you know, the lawyer with me to court. Fast track a year up to to today. Um, you know, I've come to find out, you know, from the news and everything that he gained all his um all his money from illegal immigrants looking and seeking, you know, uh, legalization uh, uh, green card, stuff like that to be able to live here in the US. He was defrauding them, telling them that he's, you know, he he works for the law firm. He can help them expedite that situation. >> Your uncle was doing this. >> Yes, sir. Yes, sir. >> So, how much do you owe your uncle for the lawyer? >> I I owe him 10,000. >> Uhhuh. And what do you make? >> Okay. But but let me give you let me give you just a quick sidetrack to that. the money that he gave me, the money that he accumulated from all these people, it was about 1.4 million FBI and everybody, they did a they did a joint task force investigation and and you know where I'm at now. I'm I'm trying to figure out morally, you know, should I pay him back? I would like to try to help out somebody, you know. I mean, >> I don't know that you can. Have they seized his bank accounts? I mean, I'm guessing he's going to jail for a long time. >> Yeah. They see his bank account. He He bought a >> Do you have $10,000? >> Um, no. >> Okay, then it doesn't matter, does it? >> Yeah. I mean I mean, but the thing about it the thing about it, Dave, is that he's he's been he's beenounding me and he, you know, he's been >> hounding you for money you don't have. >> Exactly. And he's been throwing my name under the rug to my whole family, making me out to be this bad person. Maybe we don't have to worry about what he thinks cuz he's a scam artist. He's going to jail. Okay. >> We're not going to have some kind of moral >> nobody nobody's worried about his opinion of anything. >> He's a criminal. >> He's a criminal. >> Yeah. So, none of that none of that matters. But but what does matter is is regardless of how horrible person he is or what he said or did, he loans you $10,000 and you owe him $10,000. So someday when you get some money and you get a job and all that, you probably ought to pay the man back what you owe him regardless of morally regardless of what you what he has done. Um you know that's up to you. But you can do that. But that that's your only option is either not pay him or pay him. But you don't have an option today at all because you don't have the money. So it's theory right now. He can call you. He can hound you. He can tell all the relatives that you're a bad guy while he's sitting in a jail cell because the FBI raided him. That's funny. He's telling people you're a bad guy. That's that's that's kind of humorous if you think about it. But yeah, I I wouldn't worry about it, Eric. When you get some money together, then deal with the problem. And when you get some money together, if you you someday should pay the band back what you owe him, regardless of his character, because you paying him back is not about his character. It's about yours. And so I want you to pay him, but not today. You don't have it. >> It's living rent free in your head until you do pay him. I can tell it's weighing on you. You don't like what it's doing to your reputation. So >> I'm not paying him because of anything he says or does. And I'm not paying him because your mama calls cuz he called her. I'm not paying him for any of that. I'm just paying him because I owe it. It's that simple. Nothing more, nothing less. Why refi refinances defaulted private student loans for struggling borrowers. Learn more at y rey.com/ramsey.