AN 18-year-old lost $70,000 after making some irresponsible decisions.
However, the teen received some financial advice on how to climb out of the hole.
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A college freshman is in a bind after poor credit management.
The 18-year-old called into The Ramsey Show – a debt management advice show hosted by Dave Ramsey.
He purchased a $40,000 car on credit, but now he’s looking to exchange it for something within his budget.
“I’m currently 18 and by the time I graduate, I’m probably looking at a hundred to $120,000 loan,” the teen said.
“My current car is under my mom’s name with her interest rates on it.”
The student from Toronto, Canada explained…
