A military service member, Eric, earns $5,000 a month but lives in a trailer in West Virginia due to debts totaling $209,000. The Ramsey Show co-hosts were shocked, warning him of the dire situation he’s in. Eric and his wife are struggling to make ends meet, drowning in monthly debt payments.

Despite a household income of $6,700, the couple is buried in debt, including $30,000 in credit card debt and loans on vehicles worth less than what they owe. They’re trapped in a cycle of high monthly payments on depreciating assets, a common American struggle.

With limited options and a grim financial future, Eric is facing years of minimum payments on high-interest debt. His military status restricts his ability to get a second job, leaving him with few options to increase income and get out of debt before it’s too late.

The co-hosts stressed the importance of maximizing earning potential for Eric’s wife, as income is the only way out of their financial crisis. With a plan to increase income and reduce debts, there may be hope for Eric and his family to escape the financial burden they’re under.

Read more at Yahoo Finance: Ramsey Show hosts tell military man living in a trailer, paying $1,720 a month in car loans he’s in ‘full-blown crisis’