Dave Ramsey paid off $10 million worth of debt owed by 8,000 individuals this Christmas season. Ramsey, the Christian financial expert who founded Ramsey's Solutions, said he paid the medical and automobile debt in order to "show the love of Christ" to those in financial trouble.
Ramsey and more than 900 employees called each individual who owed the debt and told them it had been forgiven.
"This year has been one of the hardest years for some of you. People have struggled financially in ways they never had before," says Ramsey in the video. "And that's why we wanted to take this opportunity to show the love of Jesus, by taking on the debt of 8,000 people across the country. A total of $10 million of debt. And we are completely forgiving it. We bought it, and it's forgiven."
Ramsey said he and his wife can empathize with the "pain" of "having creditors call at all hours, pestering."
"We know what it feels like to live paycheck to paycheck and wonder how we're going to keep the lights on," Ramsey said. "We truly were borrowers that were slaves to the lenders. But we said never again to living in debt. We dug ourselves out."
🔦 Founded in 1992, Ramsey Solutions provides Biblically based financial education and is mostly known for its Financial Peace University classes.