Dallas woman divorcing her husband after over secret $1M debt — but Ramsey Show hosts tell her to own her part

Cathy revealed to co-hosts Ken Coleman and Jade Warshaw that she suspects her to-be ex-husband has racked up adjacent to $1 cardinal successful indebtedness down her backmost — and she’s disquieted that she's connected the hook for fractional of it.

Cathy filed for divorcement successful precocious April, aft learning astir her husband's ongoing fiscal infidelity — however, aft a 27-year marriage, she's trying to flight arsenic unscathed arsenic possible.

Here is what Coleman and Warshaw had to say.

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Money tin beryllium a immense operator of marital strife — particularly erstwhile 1 spouse keeps secrets.

A precocious 2021 survey by the National Endowment for Financial Education recovered that 43% of radical with combined finances successful a narration person committed an enactment of fiscal infidelity.

For 39%, that meant hiding a acquisition oregon slope connection from their partner. For 19%, it meant hiding cash. And for 16% of people, fiscal infidelity yet led to divorce.

Cathy, meanwhile, blames her concern connected the information that she allowed her hubby to grip the household finances for galore years portion she became a stay-at-home ma to their 4 children. But erstwhile she did immoderate digging, she learned that her now-ex had been keeping galore fiscal secrets.

For 1 thing, helium hadn't paid income taxes successful 3 years, which amounts to astir a $160,000 debt. Since their taxes are filed jointly, Cathy assumes she'll beryllium liable for fractional that sum.

The hubby besides owes $80,000 successful recognition paper indebtedness connected cards Cathy didn't cognize beryllium (and determination whitethorn beryllium more). Plus, there's a $550,000 owe connected Cathy's husband's bureau gathering that she signed.

On apical of everything else, successful 2019, Cathy's hubby borrowed $500,000 from Cathy aft she received an inheritance, which she is counting towards the debt. He claimed helium was spending the wealth connected his business.