Dave Ramsey Was Blunt With Wife Who Found Husband’s $18K Secret Debt: ‘No Wonder He’s Pissed’

Debt compounds in silence. A couple combining finances would likely have caught this balance much earlier, when it was $3,000 or $5,000 and far more manageable. At $18,000 and 30%, the cost of waiting is already significant.The average credit card APR in the U.S. runs well below 30%. A 30% rate sits well above that, making this balance especially punishing. If the husband makes only minimum payments, the interest charge can exceed his payment at a 30% APR. The balance grows.The caller's situation illustrate ...