Interrupter CheckmarkInterrupter IconFacebookGoogle PlusInstagramGroupRamsey SolutionsTwitterYouTubeExpand MenuStoreCloseSearchExpand MenuBackStoreSign in

Ask Dave

Finance Daughter's Mission Work?

Lynn asks about refinancing her house to pay off her daughter's mission work debt.

QUESTION: Lynn is in her mid-50s and is looking at retirement. She has $30,000 in credit card debt that she got from relocating her daughter for various mission trips. Should she refinance her house and pay off that debt?

ANSWER: First off, God never used debt once to finance anything He never did in the Bible.  Your daughter is responsible for this debt, although you are legally.  If I were you, I'd split it down the middle.  The two of you could knock this out in no time if you stay focused. (and don't borrow again)