This NY woman took a $35K loan for her boyfriend — then they broke up. The Ramsey Show hosts explain who owns the debt

Taking out a loan for someone you love might seem like a gesture of trust and commitment — but if the relationship ends, you could be stuck with the debt. That's exactly what happened to Lily, a woman from New York who called into The Ramsey Show to speak with hosts Ken Coleman and George Kamel. Lily took out a $35,000 loan to help her then-boyfriend pay off his credit card debt. The loan, at an 11.49% interest rate, was in her name — because he couldn’t qualify for favorable terms on his own. Now the re ...