The Ramsey Show Highlights I Took Out $60,000 In Loans For My Ex
Nov 16, 2025
Jocelyn, a dedicated registered nurse, shares her tumultuous journey of taking out $60,000 in loans for her ex-partner to support his business. After the relationship ended, she faced mounting debt as he stopped making payments. Jocelyn seeks advice on whether to pursue legal action, grappling with the reality that her ex might not pay. Instead of litigation, Dave encourages her to focus on paying off the debt and reframing her experience as a victory and a learning opportunity. A powerful tale of love, finance, and personal growth!
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Loans Taken For An Ex
- Jocelyn described taking out a business credit card, a personal loan, and a golf cart loan for her then-partner who later stopped paying.
- She paid down $30,000 herself and now owes $20,000 while weighing bankruptcy or suing him.
Name On Loan Means Legal Liability
- If your name is on a loan you remain legally responsible even if someone else uses the funds.
- Title ownership can trump loan responsibility for reclaiming assets, limiting recovery options.
Finish Paying And Move On
- Dave Ramsey and Jade advised Jocelyn to finish paying the remaining debt rather than chase legal action.
- They recommended she reframe the story as a victory for paying it off and move forward.