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Full Episode
Hey guys, Dave Ramsey here. Me and Dr. John Deloney are coming to a city near you on the Money and Relationships Tour. It's happening soon, so don't wait. Get your tickets at ramseysolutions.com slash tour.
Live from Ramsey Network, this is The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm George Campbell, joined by number one bestselling author and all-around good guy, Dr. John Deloney. Taking your calls at 888-825-5225. Jump in. We'll talk about your life, your money, and try to help you take the right next step.
Jason's going to kick us off in Cincinnati. Jason, how can we help?
Yeah, so my mother was advised by a lawyer to stop paying some of her debts. My adult sister moved in with her about three years ago, and they've kind of accumulated since then a decent amount of debt, and a lot of it is in my mother's name. And the lawyer told her just to stop making payments on it and just let it go. Why was she working with a lawyer?
I don't necessarily know that she was working with a lawyer. I think she just called a lawyer to ask for advice. No lawyer would do that. That's kind of what I felt.
That didn't pass my smell test. I would question who she got in contact with and what their actual credentials are, but this sounds like a debt relief company. That's the only people who would tell you, hey, stop paying on your debt, give me the payment instead, and we'll resolve this on the back end when you tank your financial life and we'll try to settle it. Was that the intention, you think?
No, I don't think so because they didn't follow it up with anything like that. I mean, that's why I told her. I said, Mom, it just sounds to me like they just didn't want the business and just was a quick way for them to get off the call, in my opinion.
Yeah, but they won't give you legal advice to just get off the phone like that. Like they've got a fiduciary interest, a licensed attorney to do what's best for you. And that's why they're not just going to rip off like, yeah, quit paying it. We'll talk to you later. They're not going to do that because it may put your mom in a situation like she's in now, which is pretty dire. Yeah.
How bad is the debt?
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