My Mom Co-Signed My Student Loan and Now Wants off!
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Haha....oh my. I can see why mom wants off of the loan.
Toe Tote yep. She could have been a stay-at-home mom for free. Borrowed $25k for school which is now stalling because she’s a mom?? Yeah, her mom has every right to be mad. I do have a feeling however if she was enrolled in school as in currently going to class, studying, etc. then her mom wouldn’t have an issue with anything.
100% agree with you.
She is a stay at home mom and she going to school I would never co-sign that mess
Me toooo
@YV-HE W. I raised 3 kids and I knew which ones would of left me holding the loan. Sometimes you just gotta say NO.
If she continues to pay, the co signer would never have to.
No wonder
Caller: 'My mom won't pay my bills'
Dave: 'Sell mom'
So, yes, I’m married. Oh no, we are divorced! Never mind, we are dating! Well, actually we just met. My bad, yes, I think we like good friends
If Dave had reached into his desk, pulled out a bottle of scotch, and slugged it straight from the bottle, I think we all would have understood.
John Hnat 😂😂😂
😂😂😂😂
Omgoodness 👍 😆😆😆😆😄😄😄
I sure need a drink after listening to her speak. Jesus, my head hurts. I pity the husband...
John Hnat 😂😂😅🤣
The mom is probably upset because she had student loan debt and is a stay at home mother. She is probably thinking weird thoughts. Just like when someone owes you money and they say I’m going out to eat or the mall, but you think I’m your head how are you doing that when you owe me money.
Exactly!
Honestly if the husband brings home 100k I believe the daughters time is infinitely more valuable being a stay at home mom, raising her child herself than going to work. She only really needs to do this until the child starts school. But having the mother raise her own child & instill her own values in the child is priceless. The child will be much happier & healthier as opposed to being raised by daycare workers. Its not even comparable.
@John Kevin But how many of them do you know has a husband that makes $100k and is paying the debt off....I don't think you guys are listening to the video. Bottom line, at some point the debt will be paid off. I understand the mom is like "why did you go to school if you going to drop out and stay home?" but the thing is, she's back in school therefor there is no need to make payments and her husband is paying down some debt. Nobody is bothering the mom at all in this scenario. Also, there's nothing wrong with being a stay at home mom, and if the husband wants to pay off the $22,000 then what's the big deal? Either way, no one is bothering the mother, she's just attached in name which is her own fault for co-signing.
My daughter is 12, in 6 years she will enter college, you think I'm co-signing? Nope, I'm going to show her how she can work and pay for college EVEN THOUGH I can assist and pay for it. WHY? because these are important financial things we all need to pass on to our future generations, it's not just for us listening to Dave Ramsey. My nephew is 4, my sister is not financially savvy and she askes me for insight also, I want to teach her and my nephew too when he gets older so they don't make mistakes we all have, myself included.
My aunt Co-signed for me on my student loans, she should have not done so. I didn't fully understand at the time. However, I pay my own loans. She has nothing to worry about.
Exactly
Women should just not go to school (or go and dont take out loans) if their life goal is to be mom. I admire women who want to be moms, but going to school and accruing debt is just selfish and dumb. Plus, the college CC isnt fair to the husband.
After hearing this, I don’t blame the mother for wanting out.
lol
After hearing this, I wouldn't blame the husband for saying "Sorry mother-in-law, we're not selling the cattle right now. It's not the season. Let's wait until they're worth 100K. I may have married her, but you raised her and you co-signed that loan too. "
😂😂😂😂😂
😂😂😂😂😂
I'm sorry to the mom. I had pre-judged her based on the title but I was sorely mistaken. Please accept my apologies.
okay well noone really cares but ok
Ikr. 😂 came to a conclusion too early.
Lol
Yeah I don't blame mom one bit
Lol
I am way too sober to be listening to her.
Imagine being her husband.
lol!
@ James Current HAHAHAHA!
"...Yah."
Me too 😣 why can't they have ALL these info before they call
So, she paid out-of-state tuition for an EDUCATION degree, borrowed for it, had mom co-sign, and did not even graduate. Mom just wants off this train wreck.
I would have said, can I talk to the head of household? She doesn’t know what the f is going on.
I would have asked to speak to the cow
for real lol
I have no reason to believe that anyone else in the household has any better handle on things. At least she is calling and not buying cattle.
@@greenAbbot didnt she say that the husband had then since he was 6?
@@Montai cows can give calves for around 10 years. If he had them since he was 6 and they still bear, he has to be no older than 18. So i dont think so.
I’m sensing a little dishonesty or inaccuracy
Journey to Finding Cam she’s just having trouble communicating. She’s saying she has 25,000 student loan and 22,000 of other debt compromised of 10,000 his student loan, 10,000 car loan and 800 credit card.
Why do people like this call up Dave when they can't answer questions? Especially knowing you have a limited amount of time, and you might be nervous, so WRITE IT ALL DOWN, every bill, every minute item that he may ask you. wow!!
....or maybe just confusion. That's how you get goofed up financially.
That's how I feel about a lot of these calls.
@@roxannegordon6162 and they've watched these vids otlr listened to him before!!!
Mister Ramsey you have the patience of a saint ... That was a painful call
Mr. Ramsey was the source of the confusion! He keeps throwing this $22k number out and the poor girl never even said $22k! He asked what other debt she had and like anyone would she gave the total of car loan, husband's student loan and credit card - then when she mentions debt snowball Dave freaks out! Dave was most definitely the source of confusion here!
@@blueonyou if she'd had said the car was 21k he might have given different instructions. He wanted to break it down
I send calls like this to my hubby to remind him even with my occasionally annoying ways, I am a delight. 😄😬
Lol I feel like a gem too
I love the way you worded that 😂
Calling yourself "a delight" makes me understand why he thinks "your ways" are annoying
Getting a little uptight in your mommy’s basement?
Yaaasss!! Same here sis... Our husbands are suuuuuuper blessed lol
What do you owe on your car? I want to say like 22. Wait no, I actually mean 10. What is your cattle worth? Probably 100. Well not quite 100 thousand. 35 actually.
😂😂😂😂
Lol You saw Dave getting irritated
The cattle thing can easily be justified that it's out of season and they WOULD be worth 100k at the end of the season, but the immature product wouldn't be worth it as the care and maintenance would still have to be done until slaughter time. No one is going to pay $100k for a house that needs extensive repairs to sell it for $100k.
The car might have cost 22k, but she only owes 10k now.
A lot of people get confused when they have to publicly speak or speak to "famous people."
Agree, also the 100 could have been her thinking how many cattle they have at 3500 a piece would get her 35k. I am sure none of the commenters here have never thought out loud before...And Dave asked how much other debts she had, 25K, Not to itemize it.
🤦🏻♀️
My god that was painful to hear
And remember she wants to be a teacher 😂😂😂
Graduating in a year or two? Does she even know if she's a junior or senior? She should know when she's graduating.
I guessshe idn't figure out when to start :)
To be fair, she is probably attending school part-time, 2-3 classes a semester. It's not as easy to calculate when you'll finish the required classes.
When you're a part time student, you really don't know when you're graduating.
R Dy that’s what I was thinking
@brandon I agree. 😂🤣😂
Boy, I would really hate to be a parent talking to this woman in a parent-teacher conference:
Parent: So how many goals are we working toward completing to move my child out of special ed?
Teacher: Two
Parent: OK, that sounds good, what's the plan after we satisfy those two goals?
Teacher: Then we start working on the other goals.
Parent: I thought you said there were two goals
Teacher: I was just talking about the first goals. We have three goals total.
Parent: So we have three goals to complete?
Teacher: Yeah
Parent: And after we complete the three goals my child would move to a mainstream class?
Teacher: No, we would also have to complete the two first goals.
😭😭😭😭😭😭😭😭😭😭😭😭😭
Regarding to this comment- it seems like her child is not the only one that is special ed,lol,jk..
That sounds like a guidance counselor
tell her to call back later...lady if you are calling dave ramsey be ready..write down your incomes.., debts. im pretty sure that will be very helpful info. smh.
if they knew how to do that, they wouldn't really need to call.
This stay at home GIRL-mom does not sound like she is going to do a thing to fix this.
This woman has no idea what she's talking about smh
This call makes me twitch listening
What is your name? Alisa.
No wait...
she has no business going to school until she gets some common sense.
The patience of Dave through this call was *AMAZING*
😂
not the sharpest tool in the shed
starwreck9 hope she has the looks
Legend says to this day, she’s still figuring out how much she owes on that student loan
I"m going to go out on a limb and say this woman's hubby handles the finances.
I love how people call in and don’t know how much debt they have.
That's the main problem. Being in debt from an early age these days is making everybody numb to debt, so a lot of people don't loose track on what's owed. It's because they do not feel the debt.
I’m thinking mom got mad when her daughter quit her job when this loan is still outstanding. I don’t blame mom.
But she didn't make enough at her job to pay off her debt.
@@lyndalamb3221 It’s the principle of the thing.
"I'm actually a stay at home mom". AHAHA This chic is a loser. "I want to say 22k on the car, wait no, 10". This chic is all over the place, poor mom :(
Her husband makes 100K and she can't pay off a 25K loan? Is this a joke? He makes enough to put her through college after they pay off their college loan.
kolop1 you’re like the caller who’s disorganized. There’s a lot more than that $25k student loan. She ‘forgot’ to mention about $50k of additional debt which is why DR was annoyed
@@mikenelson8377 She is 75k in debt and her husband makes 100k a year. Maybe if she gets a job even making 25k a year, they could pay that all off in 2 years. She just wants an easy fix where she can stay home. She sounds lazy.
They're probably wasting money on the cattle
@@sentjojo All cattle and no hats. :). (I used to have sheep and cattle in the past).
@@iomis2001 she was working and she was not covering her cost for working. And her baby had to be in daycare. She's not lazy she's taking care of a baby and going to school at the same time.
Sounds like someone needs to get a job
She can work just a few nights a week as a waitress when the husband is home to watch the baby and easily pay student loans as 25k is around 300 a month.
Timothy Gibney is this your calculation for 7 years or 1 year?
@@timothygibney159 There is a reason she's a stay at home mom. She doesn't like working.
@@rickvangils100 Being a mom and a student is work. I'm tired of chauvinistic guys diminishing mothers for actually raising their kids instead of having strangers raise them.
Omfg people, get organized before you call in. Have all your numbers in front of you.
Right. They need to have a checklist of information available before they even call. Ugghh uuuu ii i uugghh I'm not sure.
Now you know why their finances are a mess.
Dave: “How much do you owe on your car?”
Caller: “$22k...no, wait...$10k”
Dave: “How much could you sell the cattle for?”
Caller: “$100k...I mean $35k”
🤦♂️
TO ALL FUTURE CALLERS:
Please have ALL your debts and income written down on a piece of paper before calling in. And if you know you have some sort of speech impediment or get nervous over the phone, just write in. Dave's a busy man. Don't waste his time.
That's harsh!
She needs to get a degree in listening to Dave and listing her debts the first time.
The likelyhood of her selling the cattle is the same as me loosing 100lbs in a week. Dave never asked the reason why mother wants out. Maybe the irresponsi2 daughter and son in law actions
and she wonders why she is in debt....LOL
You answer 100% honestly when he asks “what is your debt?” You don’t say 2 when there are 4 or 5. Sheesh. Can’t blame momma for wanting out.
This lady needs to be in special Ed classes
😄
Lol
I totally appreciate it's probably a lot talking to Dave Ramsey, and the added pressure of knowing how many people this will be broadcast to, but knowing that would you not prepare yourself ahead of time and clearly write out what your debts are because you KNOW he's going to ask, and then you don't irritate him or the listeners or waste everyone's time by getting flustered and fudging the numbers?!
Lol more numbers just kept popping up and changing
i think theres more numbers shes not mentioning
Evidently, he is not telling her what she wants to hear!
@@WinterWind Dave's the one changing them, not her!
Dave throwing his pen down...I can't even.
OMG, this call was a rollercoaster to hear. I put myself in the mom's shoes and I was having anxiety just praying for Dave not to ask her more questions and tell her to pay off the loan that her mom co-signed. This is why you do NOT co-sign for ANYONE. If the bank doesn't trust you to cover the loan after looking at your credit history, why should I do it without looking at your credit history?! If you want to help ANYONE "gift" money, specially if they are your adult kids😒
Mom co-signed my sister's mortgage. OMG, what a mistake! Never ever co-sign for anything.
I went to college to be a stay at home non-worker!
Fighting a losing battle with this one, Dave! 😄
She sounds distracted - literally and figuratively. Meanwhile, I just wasted 7:38 of my life! 😏
You guys may be annoyed but I was very entertained watching dave struggle to keep his cool.
She needs to sell those cows 🐄 and pay that debt off immediately. If not, get a job and if she wants to quit after the loan is paid off fine but her excuses don’t make sense at all. She can work on the weekends and he can watch his child.
Arlene Forde 2 guarantees in this situation: she doesn’t finish her degree and they don’t sell the cattle
Never get married until you see your partners finances!
The mom needs to bring this girl back home and finish raising her. I’d put her back in the 6th grade and go from there.
He sounds really irritated.
My favorite part was when she stated, "he's had them since he was 6" 😂 how old are these cows?
they could've reproduced
She said they sell them and it goes towards a car loan. So they are clearly breeding the cattle for profit and he has probably kept a few to breed as the mature and sold older cattle.
them heifers can get up to 300 years old.
I just feel for the guy. The cows are probably his only escape from her stupidity, and she will go running to him and try and force him to sell. I hope he gets a say in things, because clearly she does not have a good grasp on finances.
My uncle still has cows from when he started his farm 19th years ago.
Those are some old cows
😂😂😂😂😂😂
Mom took out loan for a "now stay at home mom". There's the issue.
It's not an issue if there's a plan to pay it off. The problem is most of the time there isn't a plan to pay it off.
@@TheRisky9
How do you pay off school loan if you're not working. That's the problem. No money earned, no way to pay down debt.
@@AnnMitt If you have one income and it's enough, then you can be a stay at home mom. If your parents decide to tackle the loan themselves, that will work. I think that would be dumb for your parents to do, but some do it.
@@TheRisky9
She's calling in the DR show. So, obviously she has a problem. Again, no job, no money, no paying down debt. Not hard to figure out the problem.
What I’m gathering is that this is somebody who doesn’t want to work or pay back her debts she wants her husband to do everything. Since he’s making 100 grand a year she thinks they can carry all these debt Another thing I hate the fact that she saying We are paying the debt as if she has a job
She a mess! Can’t listen to her any longer.
I am with the mother on this one...she decided to push out a kid & stay home on her mother's dime & if I were the mother I'd want out too!
People that refuse to sell assets to pay off debt have gotten to used to having things that they haven’t yet payed for, so managing the debt makes more sense to them, I myself was stuck like this also. Once I finally realized the parting with stuff would pay off my debt I detached myself emotionally from the stuff. The best thing I’ve ever done, but man is my mailbox empty these days but my bank account is full. Thanks to you Dave.
Assets that produce good income or appreciate much faster than the interest on the debt can make sense to keep if you're very smart with money. Most people are not that way though.
"I wanna say 22, no 10."
Wow.
"How much are the cattle worth?"
100....I mean, probably just under, 100.... "35."
That gave me a headache. I'm not even sure where to start with this insanity.
we all know there was more debt.....
Since she’s staying at home she needs to take extra classes to finish faster.
Sure her mom would like to be able to " stay home"
Now I see why the mom wants off. Her daughter is living the good life and wrote off her debts and is giving them to her mom. The daughter is using the mom, how sad. 😔
Why did he even marry her? She isnt an asset. She is a major liability.
I see why people say this is painful to listen to. How much do you have on your car? 22....no 10. Cattle? 100k....30k are you serious lady?
Omg hats off to Dave for keeping his composure with this airhead!! She seems very unstable and clueless!!! I'd want off that loan too. You don't quit a job when you owe people money!!! She needs two jobs of anything. Trust me they owe more...she was stuttering and hesitant to answer questions....clearly hiding more.
She is special needs
Another questionable caller, she’s clueless......And not telling the whole story....
These people that say I cannot work because I have kids, really bother me. When my kids were little I had a pretty good job. After deducting my gas, 1 hour commute to work, and what I was paying for daycare I wasn't taking home that much money. I left that job and started to work nights. So at that time I was with the kids all day and at night my husband was with the kids. I ended up working nights for 11 years. It was the best decision I ever made. Some of these women don't have half a brain
Wow. This gal definitely needs to go back to school. Maybe take some math classes along with personal finance. Scary that she’ll be teaching our youth.
After hearing this it makes sense from the mom's side
And thoses sweet little cattle doesn't play any role for her husban to make 100k a year? Let's sell the husban income so stay at home mom can pay her student load !?!?
Yes. This is who we need to have teaching children.
Dave almost flipped that desk 😂
... and she wants to be a SPED teacher?? She is most scatter brained caller I’ve heard thus far.
Poor husband..... But I'm sure Dave would tell him it's all his fault.
That's exactly what I'm saying. Since he was 6, emotions running high.
His favorite insult for husbands...Knucklehead!
Dave, she has $25k in student loans, and all of her other debts equal $22k hahaha He’s making it like a calculus problem trying to figure it out..
.....this must be so hard for him when the callers a a little dim..."cattle are maybe 100k, no 35k"....wha? Also, it's a little shady, but I can see parents not wanting to pay plus loans if you end up not graduating or become a stay at home mom.
Maybe I can talk my Mom into co-signing a car loan for me. I can drive it around while she sweats me paying the car note on time each month. Then she can shut the f*&# up about it and thank me for the privilege of going in debt for me. I think she’ll jump all over that offer!
at my school if teachers don't have a masters they get payed like 30k. But if they do they get payed like 90k-100k.
That woman wants to become a teacher, but she can't even explain the amount of debt she has...
Imagine the kids that will end up in her classroom.....poor kids....
this lady needs to get a hold of her life, never mind finances 🤔🤔🤔
Good Grief - so that is not your only debt!!!! Dave is so patient:)
She is wasting DR's time. Write down all your debts before you call, FFS. Not sure if she is stupid, dishonest or a combination of both.
Am I the only one that gets super annoyed when they bring up other debts AFTER he just came up with a plan for the debt they did say? Why wouldn't you bring them ALL up initially? So annoying
This caller annoyed the bajeebies out of me.
The truth is some people aren’t going to make it . Dave just isn’t allowed to say that on the call .
that guy's not selling his cattle
listen to the words.
how much do you owe?
how much do you make?
cows are income
cars are debt
oh-he owes too
oh yeah, we owe.
oh wait-i owe for the doghouse
oh, wait, um, we owe...
do math much?
listen to what first?
haha if they were good at math and finances they wouldn't be in this situation to start.
This woman is a disgrace. I don’t blame the mom for wanting out of this chaos.
Dave take off the kid gloves with this lady, she needs to find a job like yesterday.
She is driving me nuts. She is so confusing. This was painful to listen to
I bet her mom popped some champagne when that daughter moved out. Her husband is a sucker. He was sold a strong independent woman that was going to finish college and be a teacher. He got a stay at home mom that won’t even pay off her own college debt. He is at her mercy now. Should have waited till she graduated college and had a full time job before he married her.
Reminds me of my sister-in-law whose Private school college education cost $175k. 100% paid for by my in-laws. Sis-in-law worked for 6 months making in a job that was $30k a year salary. Got pregnant and immediately quit. It's been 9 years and never went back to work or has no side hustle. When she was planning her wedding, she told her parents that they had to pay the whole cost and it was over $50k (nothing less would suffice). So they did.
My in laws are still working in their 60's because they can't afford to comfortably retire yet. Father-in-law had heart attack two years ago but had to go back to work right after PT.
Anyways... appreciate your parents ability to support you financially and consider what they have to sacrifice to put themselves through to take on debt and your responsibility. This situation reminds me of that. Thanks for listening.
This lady is confusing 😂
Its incredible people do not know how to manage money. Student loans are the worst. I was smart enough not to get into that fiasco. I joined the military to get the GI Bill