A woman dialled into the Dave Ramsey Show seeking urgent help for $1.3 million (£965,237) in debt she has accumulated with her husband from their businesses, a mortgage, a car loan, credit cards, and back taxes.
With her voice cracking from stress and worry, she explained that both are 28 years old and married for six years. Ramsey said the couple is in a frightening situation, and he quickly began to break down the numbers carefully. They had $48,000 (£35,639) remaining on their mortgage on a home worth $250,000 (£185,622). Their car loan had an outstanding balance of $17,000 (£12,622), and they owed $30,000 (£22,274) in taxes.
