When a mother named TJ wrote to Suze Orman's "Women & Money" podcast for help, she described a difficult situation: her 22-year-old daughter, a full-time student working weekends and part-time hours, had maxed out her credit cards — again.
Two years earlier, the daughter refinanced her car to pay off her credit cards, but following the death of her father, she slipped back into debt and now owes $15,000. Her credit accounts have been closed, and she's locked into a payment plan she can't afford. Struggling to cover even gas and personal expenses, she turned to her mother for help.
