Maya, a mom from Colorado who recently got engaged, called The Ramsey Show (1) to ask for expert advice about how she should manage her debt snowball.
She has around $53,000 in debt, including $16,000 in credit card debt, $14,000 on a vehicle loan for a car that was wrecked when she was uninsured, $12,000 in unpaid rent from an eviction and a few small personal loans.
She was calling to find out if she should prioritize the $12,000 in unpaid rent because her ex-boyfriend had co-signed for the debt for her, and she didn’t want him to have trouble when he had to lease another apartment after his current lease expired.
Ramsey ended up commenting on more than just the debt snowball process, though. He said the caller had created…