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Sunday, June 4, 2023

Dave Ramsey in Some Heat

One day it seems to eventually come that certain faces we know and love have a dark side. To be fair, don't we all? I think it could be safely said that nearly everyone has at least one skeleton tucked away in their closet.

To be fair, it may not even be an example of a dark side or a skeleton in a closet, but there does seem to be another side to financial advice radio talk show guru, Dave Ramsey in light of a recent lawsuit seeking $150 million in damages from a time share exit company he has touted on his show for years, Timeshare Exit Team.

The lawsuit alleges that customers of the company Ramsey endorses has robbed them of tens of thousands of dollars and that the company rarely actually gets people out of their timeshares, but simply pushes customers to simply default on what's due.

That's a far cry from what Ramsey advertises about what Timeshare Exit Team actually does. The company also seems to have found itself in legal trouble before—including in May of 2019 when it was deemed by the U.S. District Court for the Middle District of Florida to be unfair and deceptive. The company was also sued by Washington's attorney general stating that every aspect of Timeshare Exit Team's business was deceptive or unfair.

It would seem that Dave Ramsey would be aware of what a business he promotes does, yet he continues to promote the company on air. And over the years it is estimated that for doing so he has received over $30 million in payments from the company.

Perhaps beneath the surface Ramsey is just an opportunist? Which seems a bit counter to how he advertises himself as a "helper of people," and often cites his Christianity on air and off air. Over the years he has gained quite the following and is loved and admired by many. Thus, he has made a fortune doing this.

I actually listen to Ramsey often and find most of his advice, although some of it a bit on the extreme side, to be informative and useful. I think he is mostly a genuine guy with the right ideas at heart behind what he does.

But he is a businessman, of course, and sometimes in business you do things to simply bring home the bacon. I am not sure there is much wrong with that either, but I do take issue with misleading your listeners and find it puzzling that despite mountains of evidence that Timeshare Exit Team is not an above-board company that he continues to promote it.

But Ramsey is not without other issues against him. He's been sued for discrimination in cases where he fired employees who were unmarried and became pregnant. Certainly a result, likely, of his Christian beliefs, but not necessarily an appropriate workplace policy for any company. It also seems, to me, that's a bit mean-spirited.

The bottom line is that for decades Ramsey has always come off a squeaky clean guy with the best of intentions at heart, and in light of some of these new details, it suggests that behind the helpful face behind the microphone, there may be darker things afoot and perhaps Ramsey is not as much the loveable, likable guy he portrays himself as.

He's got a few skeletons in his closet, some of which are being seen, and it makes you wonder what else lies in the deeper, darker corners of his closet?

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