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✉news BusinessPersonal Finance first seen 5 h ago, last 58 min ago, peak #19

Ramsey's Cruze Criticizes Mom Eyeing Chapter 13 Over $212K Debt

Original: 'You're Making a Worse Situation Worse': Cruze to Mom Eyeing Chapter 13 on $62K in Cards and $150K in Student Loans

Personal finance personality Rachel Cruze told a mother weighing Chapter 13 bankruptcy that filing would only deepen her problems, telling her 'you're making a worse situation worse.' The woman carries about $62,000 in credit card debt and $150,000 in student loans. The blunt exchange has drawn attention, with people debating whether bankruptcy or a structured repayment plan makes more sense for overwhelming debt loads.

Why now: Cruze's blunt advice to a heavily indebted mother has sparked debate over bankruptcy versus repayment for people drowning in debt.

Rachel CruzeChapter 13 bankruptcy24/7 Wall St.

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