My Daughter's Ex Has Financially Ruined Her Life
The Ramsey Show Highlights
Ramsey Network
4.5 • 838 Ratings
🗓️ 26 May 2026
⏱️ 10 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Brought to you by the Every Dollar app. |
| 0:04.3 | Start budgeting for free today. |
| 0:06.7 | My daughter recently got out of a relationship that she was in for about three years. |
| 0:12.8 | Well, she was in that relationship. |
| 0:15.2 | They acquired an enormous amount of debt together, although they were not married. |
| 0:20.0 | We have about $, 80,000 in |
| 0:22.8 | vehicle loans, 15,000 in credit card, and about 20,000 in a business loan. Her boyfriend had |
| 0:32.4 | quit his job when the owner sold the business, so he could branch out and open his own. |
| 0:40.1 | And the majority of the vehicles are upside down on their loans because he took additional |
| 0:47.0 | equity to start his new business. |
| 0:51.5 | Now that they are no longer together, she is a co-signer on all of this stuff. |
| 0:57.6 | Oh, boy. |
| 0:58.1 | He is a single mom of two. |
| 1:01.3 | And he has no verifiable or income because the business is so new, and he is in with a partner. |
| 1:11.6 | She is the only one that has verifiable income and it's not that much. |
| 1:17.3 | So we're not sure she's contacted a couple attorneys. |
| 1:21.2 | Nobody wants to really work with her to give it to where her name is off these loans. |
| 1:26.7 | I know it can be very difficult, |
| 1:28.6 | but we're wondering if she should probably file bankruptcy to get her out of all of this debt |
| 1:34.1 | that she actually has no benefit of. Oh, boy. And you've already run this by attorneys to see |
| 1:42.9 | if there's anything there to maybe legally split this or do something and nobody will touch it. |
| 1:49.5 | They really don't want to because where he is the primary loanholder and she is the co-signer, even if they get a judgment, the banks don't necessarily want to take her off as the co-signer. Even if they get a judgment, the banks don't necessarily want to take her off as the |
... |
Transcript will be available on the free plan in 19 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

