During a recent episode of “The Ramsey Show,” Zay said that she had already saved her first $1,000 emergency fund. But she admitted she was overwhelmed trying to pay off all of their consumer debt.
Four Maxed-Out Credit Cards And A Car Loan
Zay broke down the balances for the hosts, including roughly $3,300 in buy now, pay later debt, a personal loan, nearly $8,000 spread across five credit cards–four of which are maxed out–and a $39,380 car loan.
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The largest issue was a 2025 Toyota Camry that Zay purchased after rolling negative equity from a previous Chevrolet into the loan. She told the hosts the car was only worth about $25,000 despite carrying nearly $40,000 in debt.
The monthly payment alone was $800.
Zay explained…