A single father from Los Angeles called into “The Ramsey Show” with $140,000 in credit card debt after a family crisis. With interest rates up to 32%, he struggles to make ends meet, spending half his $8,400 monthly income on his mortgage and necessities. Co-hosts warn against debt relief firms.

The hosts emphasize that there is no quick fix for the caller’s financial situation and advise him against using third-party services to negotiate debt. These companies can damage credit and collect fees, offering little real help. They urge Dave to find ways to increase his income instead of relying on quick fixes.

Dave’s mortgage payment is inflated due to unpaid property taxes, but will decrease by $1,500 in March. Hosts stress that his housing costs, not credit card debt, are the bigger issue. They encourage him to find creative ways to boost his income, rather than falling for scams promising easy solutions to his financial struggles.

Read more at Yahoo Finance: A Single Father Owes $140,000 In Credit Cards With Rates Up To 32%. Dave Ramsey Host Asks, ‘Can You Take Your Kid With You To Do DoorDash?’