Navigating Divorce Debt
Jacob shares his experience following a recent divorce, where he owes his ex-wife $150,000 for her share of the home equity. With $70,000 saved, he explores options beyond a HELOC to settle his debt, while discussing the implications of changing the type of debt rather than simply borrowing more. Insights on managing financial obligations post-divorce are highlighted, emphasizing the importance of strategic planning.In this clip
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The Ramsey Show
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