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Benzinga
Benzinga
Business
Adrian Volenik

She Financed Her Daughter's $27,000 Car And Now Wants A HELOC To Pay It Off. Dave Ramsey Asked, 'Are You A Multimillionaire?'

Dave Ramsey Slams America's Obsession With 800 Credit Score

Rachel from Sacramento, California, called into “The Ramsey Show” with a financial dilemma that she admitted was of her own making. The 61-year-old explained she bought her daughter a $27,000 car in September with the understanding that her daughter would refinance it into her own name once her credit improved. A year later, the loan and insurance remain in Rachel's name, and the situation has snowballed.

A Costly Mistake

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