A man from Allentown, Pennsylvania, found himself drowning in payday loan debt after losing his job, and he called into “The Ramsey Show” hoping for a way out. The result: a tough-love wake-up call ...
Parent PLUS loans at 8.94% generate $13,410 in annual interest on $150,000. The balance balloons to $175,000 without aggressive repayment. Ramsey advises debt snowball method treating all $170,000 as ...
The caller, Alex, explained he owed about $3,500 in payday loans, all carrying interest rates of around 500%. He said he took them out after getting laid off in August, since he didn't have good ...