The Ramsey Show Highlights "You Need $20,000 In The Next 2 Weeks"
Apr 30, 2025
A caller shares their struggle with debt after their wife's pregnancy affects her ability to work. The hosts dive into navigating financial crises, addressing mortgage issues and imminent foreclosure. They offer practical advice on negotiating with lenders and securing life insurance to protect family finances. With a focus on creating structured payment plans, the conversation highlights the importance of strategic financial decision-making to overcome hardships.
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Caller Behind on Mortgage Payments
- A caller shares his story of falling behind $18,000 on his house payments after his wife had to stop working during pregnancy.
- Despite eight to nine months behind on payments, they have a plan to earn extra income to catch up soon.
Use Forbearance To Stop Foreclosure
- Request a mortgage forbearance that allows paying double payments until you are current.
- Use extra income to pay faster than the forbearance plan and prevent foreclosure.
Get Coaching Help If Needed
- If unable to get a mortgage forbearance, get help from a financial coach to negotiate on your behalf.
- Coaches at Ramsey Solutions frequently stop foreclosures and will assist you in making substantial payments to recover.