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Money and Finances
Reply to "Earning Well but Drowning in Debt...how to dig out?"
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[quote=Anonymous]The OP is so far behind that I'm not sure she'll ever catch up! Let's say she does sell the cars, move etc and is able to dedicate 5k a month it debt service. That's 60k a year. But she has 250k of debt. So that's almost five years to pay down the credit card debt and student loans. I know she doesn't want to sell her house and move but I don't see any other options. Also it seems the husband isn't on board which will prove all of this impossible. They probably need to listen to Dave Ramsey together or go to some sort of counselor. This problem will only get worse and worse. Eventually they won't be able to make their car payment. Then they will be behind on their mortgage. [/quote]
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