If a family member, parent, friend, or someone else is willing to pay your debts off for you, should you let them? Most clients who we have spoken with after making this mistake have shared that they wished they had not paid back their unsecured debts in full. They often said, “It was the worst mistake I’ve made.” Read on to discover some very important information that could save you a considerable amount of frustration and money. Let’s say that you do come across that lump sum of cash needed to pay off your debts. Before you spend a dime of it, you must do a financial analysis of your situation. Let’s look at the financial analysis: Is This Money You Received Going To Be Ongoing? For example, let’s say you will now be receiving $50,000 extra every year in a bonus. Or, as another example, your new product is now selling in your business and you anticipate making a lot more each year than the debts you have. If this is the case then it woul...