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$10 Million in Debt Forgiven by Ramsey Solutions for 8,000 People

DECEMBER 7, 2020

Dec. 7, 2020




Nashville, Tenn. – Dave Ramsey’s company, Ramsey Solutions, took on the debt of 8,000 people across the country – a total of $10 million – and completely forgave it. 

As America’s trusted voice on money, Dave Ramsey is known for his hard stance against debt. From the beginning, he’s run Ramsey Solutions completely debt-free. But in an act of generosity, his company purchased $10 million of unpaid medical and car debt from two private debt collection companies, in order to forgive it. 

Beginning Nov. 9, Dave and his 950 team members made phone calls to let the recipients know their debt had been forgiven. Recipients will also be notified by a letter in the mail within the next five weeks. 

 “This year has been one of the worst financially for so many Americans. Thirty years ago, my wife, Sharon, and I were on the heels of a financial catastrophe ourselves. We know firsthand the pain of having creditors calling at all hours of the night and wondering how we were going to keep the lights on,” said Dave Ramsey, CEO of Ramsey Solutions. “But we said never again to living with debt. We worked our way out of bankruptcy, turned our finances around, and now we can have the most fun with money that we ever have – giving.”  

Millions have used Ramsey Solutions’ Seven Baby Steps to get out of debt, build wealth and give. By living out the principles they teach, the company is now able to give generously, even in times of economic uncertainty.

To learn more about Ramsey Solutions’ $10 million debt payoff, visit


About Ramsey Solutions

Ramsey Solutions is committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development. The company’s success is defined by the number of people whose lives are changed by a message of hope. Through a variety of mediums including live events, publishing, nationally syndicated radio shows and columns, Ramsey Solutions uses common sense education to empower people to win at life and money. Millions of families have graduated from Financial Peace University classes across the country, and Ramsey Solutions’ world-class speakers have brought vision, inspiration, and encouragement to more than a million more. Recognized by Inc. Magazine as one of best places to work in the country, Ramsey Solutions and its team of more than 950 are dedicated to doing work that matters. For more information, visit




Megan McConnell