“You Have No Clue What’s Really Going On”

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[UndeservingandyetSaved]

I really like how Rachel Cruze handles calls like this. She gets the information needed to provide good answers but is also gentle and compassionate. And she does not interrupt callers while they’re talking. Thanks, Rachel!

[tate]

Just before she mentioned alcohol I was thinking to myself "a guy working for himself in the trades but not making any money, I bet he's an alcoholic"

[scoobieamg]

Ladies.... no anyone.... should never leave finances to one person. Money management is a two person job.

[daelkolwitz]

$26k for an electrician? That seems way low, especially for one's own business.

[whitneyw.]

Homeless people begging at street corners make more than these “self employed” people.

[brianc]

Under 10k a year is a hobby, that’s not enough to keep her from moving.

[BrianW]

How can you even get enough credit to owe $200K in credit cards with only a $36K/year income?

[brucehamm]

$40, 000 combined incomes from two insolvent businesses. $700k home value ( $500k home equity). $209k credit cards debt. Fortunately, you have home equity because you cannot pay down the credit card balances using your incomes. Either together or apart you must sell the house. Pay off the cards. That leaves you $291k to either combine together towards a fresh start or $145k each after a divorce.

[kristencobb]

Jade is the level headed best friend we all wish for.

[Mazu]

blows my mind how so many people have crazy amounts of debt. so sad

[maxinef]

Thank God I’m single. No debt and no drama!

[tonyahenry]

Need to call a lawyer not the Ramsey show

[wanderinggypsy]

Get a lawyer / then he will have to disclose what’s happening financially…then sell the house and his crap and take what’s left and get the hell out of that mess…wake up!

[lyndapham]

Credit card debt can be so crippling to your mental health. Up until 6 months ago I was just like the husband. I was too ashamed to tell my husband how bad things were financially. A couple of times I really felt like ending my life. If I could speak to the husband or to the wife that loves him, I would say just sell your house and use the equity to pay off your credit card debts 100%. Even if you have to rent a room, an apartment, buy a mobile home to house your family, you will sleep much better. Life will not feel so worthless and the god awful feeling of depression will lift. I am praying for this woman and her family’s happiness.

[paulconant]

She must be looking at the tax return after business deductions to say they made 26k. She said they grossed over 200k early in the call.

[Chele-nmqx]

married 19 years & she was in the dark on their finances- why? Now she is wondering what to do? Also- I own a business & I never mix my personal with my business account. She may find she is just scratching the surface with the hole he has dug!

[NK-rkwr]

Sell the houses and items. Buy a cheaper house with cash. Pay off cc remaining cash work on make a budget . Must increase your income

[AllynHin]

When Dave isn't in the chair, I like the other hosts, but sometimes they just lame-ass their way through a call without being helpful. She needs to contact each of the three credit bureaus and pull her credit reports to find out exactly what accounts have her name on them. Then contact the IRS and pick the "Innocent Spouse" option in the phone menu. She says he has life insurance, but is she positive that 1) she's the beneficiary and 2) that policy is still in effect? If he's only making the minimums on everything, he may have let that policy lapse. There's no way I would be married to a guy that was so controlling of the money that not only did I not have a bank log in, but my name wasn't even on the account.

[zugzug]

There's no way they can have a house and a kid and dogs in vehicles and 209, 000 in credit card debt and make 36 Grand a year.
Just the credit card minimum payment would be like $3000 a month.
They just need to do some bankruptcy.
The dude's probably drinking because he knows he's under water and his wife is leaving.

[tcbridges]

I live 40 miles north of Pittsburgh and I have needed a electrician several times and there always $50 a hour self employed. I had one time the electrician had a helper and then it was a $75 a hour.