They were once debt-free and living in a paid-off mobile home. But years later, this couple, that’s approaching their 70s, is now buried under $46,000 in debt and wondering what went wrong.
From Financial Peace To Financial Strain
Hannah, 69, called into “The Ramsey Show” to speak with personal finance experts Dave Ramsey and Jade Warshaw about her and her husband’s current financial struggles. “In 2016 we went through your university program and in 2017 we became debt-free and were able to purchase our mobile home debt-free,” she said.
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But since then, things unraveled. Hannah admitted they opened 13 credit cards and took out three major personal loans. “We were paying off the credit cards to pay off the credit…