"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

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. His soon-to-be ex-wife wants him to take on an additional $15,000 of debt. Financial expert Dave Ramsey suggests creating a divorce agreement that is as close to a 50-50 split as possible and recommends selling the truck and the house to alleviate the financial burden. This game plan would leave the man with $35,000 in debt, a stable financial situation, and the ability to move forward and pay off the remaining debt over time.

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