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Bacolod City, Philippines Saturday, January 27, 2018

My wife is sunk in debts

Dear Tito,

I am 40 years old and married with 3 children who are all still in school. My wife has been into the jewelry business for the last 2 years to help with our familyexpenses.

At first it was doing well and her earnings were more than enough to meet our financial needs. But I noticed lately that she is starting to have problems with some of her clients who have not been diligent in paying their dues for the jewelry she had sold to them.

I heard lately that her supplier has been pressuring her to pay her debts,that have reached millions of pesos. I am very shocked to know that as it is only now that she has revealed this to me.

A couple of months ago we had a big argument about this that really hurt our relationship. In the first place, I should not have given her my permission to venture into this kind of business.

In fact, she hasalready been receiving demand letters from her suppliers and even filing a case against her in court.

Bothered Husband

 

 

Dear Bothered Husband,

I have to be honest with you, I agree that you should not have given her permission to venture into this kind of business. I have nothing against selling jewelries but doing it as a business involves so much risk on her part.

I have heard from other people that in this kind of business you don't have any control of your clients. It is very easy to lose them and they will no longer be able to settle their accounts.

For sure one of the consequences is that it has affected your marriage and caused much pressure and stress to both of you.

Maybe you can plan a meeting with the suppliers and tell them the truth why she has not been able to update her financial obligation towards them, and find a way of coming to a compromise so she can settle her obligations.

Praying for you.

TITO

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