'Sell Your Stupid Truck, Dude'— Dave Ramsey Tells Ohio Trucker With $65K Debt And $970 Car Payment He's In The 'Cray Cray Zone'

One monthly outgo was softly draining an Ohio trucker's finances arsenic his matrimony unraveled and indebtedness piled up.

Corey, a section motortruck operator from Cleveland, turned to "The Ramsey Show" portion navigating a divorcement and mounting fiscal pressure. Earning astir $33 an hr connected consecutive pay, helium said helium was struggling to support up arsenic debts stacked faster than helium could code them.

At the clip of the call, Corey said helium carried astir $35,000 successful recognition paper debt, with different $30,000 successful his wife's name. He besides said helium had astir $30 successful the bank, that some sides had attorneys, and a tribunal day was approaching.

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"Sell your anserine truck, dude. A $970 outgo astatine $33 an hr is successful the cray cray zone," idiosyncratic concern adept Dave Ramsey said, cutting successful arsenic Corey outlined his situation.

Corey said the divorcement required debts to beryllium addressed earlier immoderate statement could beryllium finalized. During the marriage, helium said helium took connected payments for a Lexus and a motorcycle earlier trading some vehicles for his existent truck, lowering his monthly outgo by astir $500. "I conscionable don't cognize wherever to adjacent start," Corey said.

He besides said helium and his woman antecedently worked unneurotic arsenic long-haul motortruck drivers, operating arsenic a squad and earning astir $250,000 a twelvemonth combined. During that period, Corey said helium enactment his income into a 401(k), portion his woman handled day-to-day spending. As portion of the divorce, helium said she was present seeking a stock of the status relationship tied to the years they were married.

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Corey said a dealership told him helium would request astir $4,000 to get retired of the motortruck indebtedness due to the fact that of antagonistic equity. Ramsey advised against trading it successful and suggested selling it privately. Corey said the conveyance was a 2023 Chevrolet Silverado.

"He thinks he's got you coming again," Ramsey said, referring to the dealership. He besides said Corey could get the quality from a recognition national if needed to region the payment.

Corey said the location was appraised astatine astir $174,000, with astir $132,000 inactive owed. He said his woman wanted to support the house.

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"Do not fto her person the house," Ramsey said. Corey said his 401(k) equilibrium was astir $35,000. Ramsey suggested utilizing location equity arsenic portion of the colony alternatively of dividing the status account, informing that leaving the owe successful 1 sanction portion remaining legally liable could backfire.