A single father from Los Angeles called into “The Ramsey Show” recently with a gut-wrenching story and a mountain of credit card debt. The caller,Dave,said he found the show for the first time just days before reaching out for help.
Dave explained that he went through a life-or-death family crisis three years ago, which left him with $140,000 in credit card debt. “I have no regrets. I would do that again every day,” he said, adding that resolving the crisis was worth every dollar.
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Still, the aftermath has been brutal. “The credit card debt is crazy. Some cards are $22,000, others are $32,000,” he said. Interest rates on the cards range from 25% to 32%.
With a five-year-old daughter and no help, Dave is barely scraping by.he makes about $8,400 a month, but said his mortgage eats up half of that, and the rest goes to minimum payments, gas, and food. “No disposable income, no backup money whatsoever,” he said. “if I had another crisis, I would drown.”
Co-host John Delony didn’t sugarcoat it. “Your house