"Divorcing Man's Truck Debt Skyrockets: Dave Ramsey Weighs In"

1 min read
Source: Yahoo Finance
"Divorcing Man's Truck Debt Skyrockets: Dave Ramsey Weighs In"
Photo: Yahoo Finance
TL;DR Summary

A man in Cleveland going through a divorce is facing financial devastation as he struggles to pay off his truck and deal with mounting debt. With $65,000 in credit card debt, a mortgage, and negative equity on his truck, he is on the verge of financial ruin. Dave Ramsey suggests creating a divorce agreement that is as close to a 50-50 split as possible, selling the truck to eliminate the high monthly payment, and selling the house to protect his 401(k) and avoid potential mortgage issues. This game plan would leave him with $35,000 in debt and lower monthly payments, providing a more stable financial situation.

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