A woman shared that she was “terrified” and is considering offering bankruptcy after entering into financial difficulty.
In ordering the advice of financial experts, her questions took her to the Dave Ramsey exhibition to help in some possible steps.
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In a question today, a woman from Atlanta, Georgia, started her conversation with Jade Warshaw and Rachel Cruze hosts by sharing her “terrified”.
Mia shared that she is currently expecting her first child, which the hosts congratulated.
However, the mood turned soon when the woman shared that she was in a “very large hole” and was considering submitting a bankruptcy request after advice from friends.
Big debt
Mia continued to share that she is currently $ 200,000 of debt.
The hosts asked her to explain how this type of debt accumulated.
The woman indicated that $ 25,000 was the debts of credit cards exclusively, and 14,000 dollars were loans for students and the rest were “bills” and “auto loans”.
Mia explained that she started the car rental company in 2024, but now it was a large failed work.
Then the hosts began to delve into their “other debts” by knowing the number of cars from her rented business that owes her after her resignation from her daily job.
The woman has gone through five different vehicles and the amount due to them, ranging from $ 27,000 to $ 42,000.
The hosts encouraged women to sell cars through private sales opposed to car giants such as Carmax.
advice
Not every news was bad.
The hosts remained confident that if the five cars are sold, the listener has a good chance to turn their position.
“I just added this, and this is $ 171,000 in cars. The worst scenario you are $ 156,000 upside down,” the hosts participated.
Both consultants rushed to share that they would make a priority to sell cars.
“There is a lot of hope in this position.”
Then he asked the hosts if she had any money, and she received about $ 1,000.
Then Jade Warshaw shared advice that if she managed to compensate for debts the lowest amount, then this decision will lead to “shaking her world”.
Rachel also mentioned that anything she could do between now and when her child's arrival will be very useful.
Dave Ramsey's offer helped many Americans see their path of debt.
