At 18, His Mom Had Him Cosign Her Car Loan That Later Got Repossessed. Dave Ramsey Calls It 'Financial Abuse' And 'Completely Immoral'

Hunter, a 21-year-old from Michigan, recently called into “The Ramsey Show” with a problem that started the moment he became a legal adult. Just after turning 18, his mom asked him to cosign a car loan. She had bad credit, and he had no credit at all—but he agreed. Repossession, Collections And A $10,000 Problem The car was later repossessed, and now Hunter is stuck with the $10,000 debt. “I didn’t know anything about finances at all back then,” Hunter admitted. Personal finance expert Dave Ramsey got s ...