10k seems manageable, so people dont see it as a threat. But when your credit card debt is more than your annual salary..... Thats when panic sets in and plastic surgery occurs
My breaking point was right under $12k. I was making in the mid 20k range. I am making 45k-55k now and have paid it down to 5k. Hoping to pay it off this year.
Not with interest. Interest is the root of all evil. It’s why places like Africa are in never ending debt from all the interest. It’s the reason why students can’t pay anything off from all the interest piled up on top of that.
@@ramalam1988 Why should anyone/company let someone borrow money if there is nothing in it for them then? Just do it out of the goodness of their heart?
@@ramalam1988 seems to me africa has bigger issues than borrowing money with interest. just spitballing, but corrupt governments, ethnic wars, islamic terrorists, etc may also be contributing factors.
70k in credit card debt and at 20 % interest that is 14,000 USD in interest every year. (with 15 % it is 10,500). When does the interest charged equal what they lent her ? - It is with factor 70 (or 72). You need to multiply 20 with 3.5 to get 70 so they need aprox. 3.5 years. or close to 5 years with 15 % interest (5 times 15 would be 75). They would never have made those deals with a reasonable person. But they have a good chance to get at least back what they gave her as she continues to pay (a lot of the 70k are likely interest she let pile up). They made money like crazy off her (I guess she did not pile that up in one year - a person that does not have the bad and costly habit can't possibly pull that off, she / he would have a mental breakdown before. You have to see it over her life cycle as CC customer. She has been fleeced by them for years already.
@@God.Almighty borrowing money with interest is what led them to be poor cause of the non ending debt they’ve been crushed with. What are you talking about other problems . That’s the biggest problem they have. It’s what put the economy on its knees. Dave Ramsay preaches the lord in the Bible yet Jesus Christ condemns usury /interest. All past nations in history have.
She actually said she uses YNAB instead of Every Dollar on Dave Ramsey’s show. Lol I mean I totally understand but shucks... lol This is coming from someone who has used Mint for 10 years.
@brutha kc LOL I know I was so shook when she brought up YNAB hahaha And Dave shut that down so quick (obviously, since it competes against his app/business) I love YNAB though, it has absolutely changed my life
Yep! I AM that lady! I paid it ALL back and now I am thriving. Fast forward a year and I have no liabilities and all assets and growing! If I can do it, anyone can! Thanks Papa Dave for your much appreciated guidance 🙏
If I don’t have cash for it, then I don’t need it. Having said that, we do have money set aside for emergencies. Blown tire, repairs to our cars, replace an appliance. Things like that
I don't understand how someone runs up a year's income (gross, not net) of credit card debt. But it's good to hear that this woman is attacking the problem and not calling into Dave asking if there's any way to make this go away without sacrificing lifestyle or working more.
Isn't it morally wrong to rack up $70k in credit card debt, enjoy, use, and consume whatever that $70k bought, then rip off the credit card companies for pennies on the dollar?
I agree. I feel the same about student loans. You take out hundreds of thousands of dollars and make more money than the GDP of Cambodia, yet you “deserve” to drive a bmw and live in a 5000 square foot house but not pay your loans back. I agree though that there should be upfront counseling and the interest rates are a bit high.
We can never justify that morally. O I agree that is a mistake to rack up debt to the level where you couldn't even able to make a minimum payment. But the debt collectors have already bought the debt on pennies on dollar. So it would be okay to negotiate and settle (unless you did rack up debt to dodge willingly).BTW credit card is a worst financial instrument.
Debatable I suppose. Credit card companies are notoriously predatory. At a 26+% interest rate, I wouldn't feel morally wrong for paying off the debt at cents on the dollar at all.
I am from Dallas and house demand is more than builders can build. And when people buy new houses, they want to fill it up with everything new and everything at once. I have seen people filling carts with art pieces and map of the house to put on every wall. No wonder people are broke. We bought a house and we made a promise to not go crazy. For first year our 2nd floor was empty, walls were empty, for 6 months we didn’t have a dining table. We bought when we had money and half of the stuff we bought is used stuff off Facebook marketplace locally. We still have 2 rooms empty and we are not in any rush to set them up. And I make double the money than her.
Also its weird but I'm in CA and the affordable housing market is high but they keep building condos and expensive places. The housing market is very strange.
You have to wonder what went through this simpleton's head when each month she saw cc statements coming in: $15K, $25K and so on. "Oh I'll just keep goin'! Ah jes bought mah new home!"
I execute collections in Texas, and you can get a hold of the bank account. It's just dicier for the debt collector, and possibly more expensive. Also, never send a personal check. It's got the name of the bank and account number on it and that is all they need to clear out your bank account.
@@pearlperlitavenegas2023 You've asked a very complex question. In Texas I have only done wage garnishments, bank levies, and recorded abstracts against property. If you are worried about a possible foreclosure, you should seek a out local attorney. My educated guess though would be yes, they can record an abstract on the property and when you go to sell they will collect then and 10% interest that has accumulated in the mean time. Unless they have a judgment for foreclosure, I do not believe they can foreclose on the property and collect that way. To answer your question of can they "touch" your homestead, my short answer is yes.
@@sitiwrattz Forclosure?! Yikes! I'm not in any Financial Distress. I was just curious since I live in TX & have heard TX is a debtor friendly state & creditors can't take a debtor's homesteaded property, garnish wages, blah blah blah.
I just paid off 6000 on two credit cards last week. I was making minimum payments for over 23 years until last month I decided to just pay them off, should’ve done that long time ago. Don’t trust family and cousins because they borrowed money then won’t pay you back and then you’ll go broke and have to rely on credit cards. It’s been 23 years and they haven’t payed yet, if I bring it up then I’m the bad one, I done being nice
Why not just get your budget together, learn from your mistakes and learn how to stay away from this kind of debt, and then file a chapter 7 bankruptcy (if you can). I'd kill my credit with a bankruptcy before sacrificing everything for years just to pay the interest rates on those cards, I mean at this point your credit score can't get worse anyways. Credit card companies take advantage of people to trick them into debt, stick it back to them, then don't fall for the credit card BS again.
I swear, some of these people sound like they just want to call in and talk and any advice Dave gives them just kind of lingers in the air and then they keep on talking..
I can’t breathe just seeing the title of this video! How can people live with huge debt? People think debt is part of life but it’s not. It’s part of miserable life. Enhance your life by avoiding debt. 😊
What would kill ME is that 20 % on 70,000 are 14,000 PER YEAR. (if they "only" charge 15 % it is still 10,500). I mean for a biz or a mortgage that amount can be justified (at reasonable interest rates). But annually giving 14k to the vultures ??
70K isnt that much compared to some I've heard. At least she's doing something about it. I heard a guy once talk about something else, Dave asked how much CC debt he had - he answered very casually like he didn't care - 175k.
I'll say it until my lungs give out.... don't spend money if you don't have the money! Gonna take a while to fix but time to batten down the hatches and get to it. Good luck Carrie! :)
This video lost me when he was trying to steer her to use Every Dollar instead of YNAB. A budgeting app is a budgeting app. She just started using it and tracking her spending, that's the important part. You don't take someone out of that ecosystem to force her to use your product instead. That's just sleezy sales and could set her back from progress if she doesn't click with it.
@@crooks_da_great7789 he is, and I have no issues with him telling people to use his app when they have no system in place. To tell her that what she's using is wrong doesn't help her, and it's not true, because fundamentally they're the same (zero based budget tracking). The act of tracking your spending is the important part, no matter how you do it. If she felt comfortable with ynab, she should keep using it. She can still follow Dave's advice in other areas and follow his traditional program.
I love these people that borrow sign loan agreements that clearly provide terms, they borrow money, they don’t pay it back and then claim THEY’RE the victims. Wrong! You may be paying crazy high interest, you may be getting collection calls, you may be getting sued - but YOU created this mess. If YOU lent someone money and they didn’t pay you back, you would go after them for it, too. I get tired of Dave acting like these lenders are in the wrong all the time when they’re just trying to get the money back that is legally owed to them.
I have 1 800$ credit card which I use to pay my sons childcare 200$ a week get my cash back and it off at the end of the month. I don’t need more than that! How do you even get approved for this much ?
I would cry! I once met this pharmaceutical executive guy and he had all this stuff!!! And we were in his garage and he just told me man I was tired of not having anything lol!!!
Disagree with Dave's laughing at not paying the credit card companies and making them dance for your money. By using the card you made a promise to repay and if you don't shame on you. No laughing matter.
Why didn’t he ask how much her house is worth? Maybe she could wipe this out by selling her house with how much markets have skyrocketed. I’m sure someone from CA would buy her house sight unseen
I never trust a budgeting app that wants my bank account information or access to my credit accounts. Gee, what could go wrong there? And my bank’s security dept would never let me be stupid enough to do that.
@@barbararepko4824 That is an optional functionality nobody has to ever use. It's there for convenience for some users. Want to go full manual? That's YNAB's original model, and they do advocate for it.
@Ryan Pitt I trade with Francesca Wilson. My first investment with Francesca Wilson gave me profit of over $24,000 dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Ramsey could just show 90% of the people the same advice in prerecorded format. Rice and beans act like your broke af and grow up / make better choices.
I had this much credit card debt. I did a cash out refinance on my home to consolidate it. I canceled the credit cards after that, waited for the home to increase more in value while saving cash then sold it. Best decision ever.
She found a budgeting software that works for her? Let me tell her it sucks and to switch completely. Hope it sticks and that she doesn't lose the progress or drive she developed!
My wife has her credit card with a $10,000.00 limit. He balance is $8,500.00. It makes me cringe. Yesterday I said I was going to cancel my one and only credit card that always has a zero balance each month. She went into panic mode saying don't do that. We may need it for an emergency..........Hum. I have a emergency fund for emergencies. She doesn't. Credit cards are a liability.
Congrats Carrie! 👏🥂@10:40 just don’t mix up with The Great (Monetary) Reset into digital currency w/buzzwords like inclusive and green all over the news for 2021. 😉
You could have saved money & gotten a "template" from the internet. I met with a lawyer years ago and realized they were going to charge me a ton of money. They think people are stupid. I did it myself
Say goodbye to debt forever. Start Ramsey+ for free: bit.ly/35ufR1q
You better thank God for 500.00. Lol 😂
"Bless your heart" = southern for "You idiot" 😅🙈
Yep, I’m a southerner and that’s exactly what that translates to!!
🤣🤣🤣
That's funny :)
😩
Test pilot for broom factory = witch
Thanks to the baby steps I now have ZERO credit card debt!!! It’s an amazing feeling! Release the chains!!
Congratulations 👏
Congrats I will be debt free in early March
Congrats!
How long has it taken to pay it off?
@@ichirot3348 it took 22 months to get ride of them all! Never ever again!!
Congratulations!
This woman is the first person to have a full blown conversation with Dave on air. 10 minutes yall 😅
She can do it. I was at 24k January 1st 2020, but Im currently at 6600. This will be fully paid by March and never again.
For a second I thought you said you went down from 24k to 660k, and I was like what?😅, lol
@@ll-vt1ol I think at that point, I’ll be better of filling
bankruptcy. Lol 😂
Congrats!
Congratulations Tony
How did you do it?
I just don’t understand why someone doesn’t do this when it gets to $10k instead of $70k
Because they have smooth brains
10k seems manageable, so people dont see it as a threat. But when your credit card debt is more than your annual salary..... Thats when panic sets in and plastic surgery occurs
It was 22k for me. Never ever again!
@Juan I freak out if I gain 5kg and immediately correct it
My breaking point was right under $12k. I was making in the mid 20k range. I am making 45k-55k now and have paid it down to 5k. Hoping to pay it off this year.
Imagine expecting a person to pay back the money they borrowed - it's un-American!
Not with interest. Interest is the root of all evil. It’s why places like Africa are in never ending debt from all the interest. It’s the reason why students can’t pay anything off from all the interest piled up on top of that.
@@ramalam1988 Why should anyone/company let someone borrow money if there is nothing in it for them then? Just do it out of the goodness of their heart?
@@ramalam1988 seems to me africa has bigger issues than borrowing money with interest. just spitballing, but corrupt governments, ethnic wars, islamic terrorists, etc may also be contributing factors.
70k in credit card debt and at 20 % interest that is 14,000 USD in interest every year. (with 15 % it is 10,500). When does the interest charged equal what they lent her ? - It is with factor 70 (or 72). You need to multiply 20 with 3.5 to get 70 so they need aprox. 3.5 years. or close to 5 years with 15 % interest (5 times 15 would be 75).
They would never have made those deals with a reasonable person. But they have a good chance to get at least back what they gave her as she continues to pay (a lot of the 70k are likely interest she let pile up).
They made money like crazy off her (I guess she did not pile that up in one year - a person that does not have the bad and costly habit can't possibly pull that off, she / he would have a mental breakdown before. You have to see it over her life cycle as CC customer. She has been fleeced by them for years already.
@@God.Almighty borrowing money with interest is what led them to be poor cause of the non ending debt they’ve been crushed with. What are you talking about other problems . That’s the biggest problem they have. It’s what put the economy on its knees. Dave Ramsay preaches the lord in the Bible yet Jesus Christ condemns usury /interest. All past nations in history have.
She actually said she uses YNAB instead of Every Dollar on Dave Ramsey’s show. Lol I mean I totally understand but shucks... lol This is coming from someone who has used Mint for 10 years.
YNAB is the nutz
Hated ynab and use mint
YNAB MASTER RACE ༼ つ ◕_◕ ༽つ
I used to use mint, YNAB was too confusing for me, and now use EveryDollar which is truly simple AND aesthetically pleasing. 😊
@brutha kc
LOL I know I was so shook when she brought up YNAB hahaha
And Dave shut that down so quick (obviously, since it competes against his app/business)
I love YNAB though, it has absolutely changed my life
Credit card debt is the worst
It’s hell.
“I don’t know.” Smartest thing the caller said.
Unfortunately she said it about the wrong thing. You need a budget is the best budgeting app on the market
“I have 70,000 in debt”
Dave- “sell your family”
Eventually he'll say: "sell yourself"
@@jojachow well u r the biggest liability so it makes sense
Only if your not doing anything about changing it! She's doing amazing ☺️
Good luck 🤞
indentured service
😂😂😂😂
$70k at 30 per cent, that is making the banks rich.
Someone needs to pay for my free credit card travel I guess 😁
now I see why banks execs get yearly bonus
If I can find an ETF with such ROI.
@@howlbeast execs in any industry get bonuses
Not just the banks.
I get $900/mo. dividends from MasterCard and Visa in my Roth.
You go girl! Stopped the bad habits, made a budget and picked up a side hustle. Stick with it. Don't let the debt collectors intimidate you.
Yeah never pay back money that you borrowed...you go girl......
@@davidchrist428 you must be slow
Yep! I AM that lady! I paid it ALL back and now I am thriving. Fast forward a year and I have no liabilities and all assets and growing! If I can do it, anyone can! Thanks Papa Dave for your much appreciated guidance 🙏
Can't imagine how she feels. I had like 2500 and felt overwhelmed
$2.5k is a bad joke to me
I had about $15,009 debt at one time. I paid it off. Why because I charged the stuff.
If you were a real American you’ll run up $65k in debt
I always wonder why people don't stop using the credit card after $5k. I'm not sure it makes sense to carry up to $70k in credit card debt. 😟
Inflation. All the things I don't really need now will be much more expensive when I don't need them in a couple years!
She was in the dark spending like the Joaness, now she's coming toward the light.
If I don’t have cash for it, then I don’t need it. Having said that, we do have money set aside for emergencies. Blown tire, repairs to our cars, replace an appliance. Things like that
Life happens
@@704ab so the credit card companies should cover peoples ends meet?
I don't understand how someone runs up a year's income (gross, not net) of credit card debt. But it's good to hear that this woman is attacking the problem and not calling into Dave asking if there's any way to make this go away without sacrificing lifestyle or working more.
It’s called stupidity
Isn't it morally wrong to rack up $70k in credit card debt, enjoy, use, and consume whatever that $70k bought, then rip off the credit card companies for pennies on the dollar?
I agree. I feel the same about student loans. You take out hundreds of thousands of dollars and make more money than the GDP of Cambodia, yet you “deserve” to drive a bmw and live in a 5000 square foot house but not pay your loans back. I agree though that there should be upfront counseling and the interest rates are a bit high.
Yup. It’s theft in my opinion. If you borrow money you pay it back. No exceptions.
We can never justify that morally. O
I agree that is a mistake to rack up debt to the level where you couldn't even able to make a minimum payment. But the debt collectors have already bought the debt on pennies on dollar. So it would be okay to negotiate and settle (unless you did rack up debt to dodge willingly).BTW credit card is a worst financial instrument.
Agree as well! I'm not hearing a job loss, health issues, medical bills, etc. Probably the house issues were a 40k kitchen and bath remodel lol.
Debatable I suppose. Credit card companies are notoriously predatory. At a 26+% interest rate, I wouldn't feel morally wrong for paying off the debt at cents on the dollar at all.
I am from Dallas and house demand is more than builders can build. And when people buy new houses, they want to fill it up with everything new and everything at once. I have seen people filling carts with art pieces and map of the house to put on every wall. No wonder people are broke.
We bought a house and we made a promise to not go crazy. For first year our 2nd floor was empty, walls were empty, for 6 months we didn’t have a dining table.
We bought when we had money and half of the stuff we bought is used stuff off Facebook marketplace locally. We still have 2 rooms empty and we are not in any rush to set them up. And I make double the money than her.
I am moving into my first place in April and I’m definitely screenshotting this so I don’t go crazy. Thanks!
Well done...👏🏿👏🏿
Well said. Forget appearances! Take your time. Also thrifting can get some AMAZING and unique items, its not just a money saver 💜🤗
Also its weird but I'm in CA and the affordable housing market is high but they keep building condos and expensive places. The housing market is very strange.
Love your comment. That's how it's done!
This lady is hurting my visa, amex, and mastercard stocks! Haha
Ditto 🤣
I can understand forgiving the interest but not paying the principle is stealing
I paid off mine and will never get into credit card debt again
Visa and mastercard are not banks... they get their revenue from the transaction fees
Should I use a rival budgeting product? "Hmm no."
I can't believe Dave didn't mute this a lot sooner.
This girl will come out on top. She’s finally taking care of her finances. Good for her!!!
70,000 is a lot of credit card debt. Whew.
You have to wonder what went through this simpleton's head when each month she saw cc statements coming in: $15K, $25K and so on. "Oh I'll just keep goin'! Ah jes bought mah new home!"
I execute collections in Texas, and you can get a hold of the bank account. It's just dicier for the debt collector, and possibly more expensive. Also, never send a personal check. It's got the name of the bank and account number on it and that is all they need to clear out your bank account.
Can they touch your homestead????
@@pearlperlitavenegas2023 You've asked a very complex question. In Texas I have only done wage garnishments, bank levies, and recorded abstracts against property. If you are worried about a possible foreclosure, you should seek a out local attorney. My educated guess though would be yes, they can record an abstract on the property and when you go to sell they will collect then and 10% interest that has accumulated in the mean time. Unless they have a judgment for foreclosure, I do not believe they can foreclose on the property and collect that way. To answer your question of can they "touch" your homestead, my short answer is yes.
@@sitiwrattz Forclosure?! Yikes! I'm not in any Financial Distress. I was just curious since I live in TX & have heard TX is a debtor friendly state & creditors can't take a debtor's homesteaded property, garnish wages, blah blah blah.
Can see the love Rachel has for her dad. :) Joy to see
Agreed. It warms my heart!
I want to wake up one morning and find out that my account is $1,578,889.00. I know its possible.
This is really possible depending on your investments curve. Just invest wisely.
plan your investments with good portfolio manager and I can assure you that in few months your account will be more than you dreamt.
This is more than possible with expert professional. Get yourself one!
I made my first million through Maria Leda Goebel . She is accredited and licensed. She lives here in the USA and you can reach her through the web.
Watching from the UK 🇬🇧 and addicted to these highlights. Motivates me to do better do more and be debt free 😁
I felt like the every dollar budget was too generic, too. I use an Excel spreadsheet.
Same here!!
I just paid off 6000 on two credit cards last week. I was making minimum payments for over 23 years until last month I decided to just pay them off, should’ve done that long time ago. Don’t trust family and cousins because they borrowed money then won’t pay you back and then you’ll go broke and have to rely on credit cards. It’s been 23 years and they haven’t payed yet, if I bring it up then I’m the bad one, I done being nice
Why not just get your budget together, learn from your mistakes and learn how to stay away from this kind of debt, and then file a chapter 7 bankruptcy (if you can). I'd kill my credit with a bankruptcy before sacrificing everything for years just to pay the interest rates on those cards, I mean at this point your credit score can't get worse anyways. Credit card companies take advantage of people to trick them into debt, stick it back to them, then don't fall for the credit card BS again.
I swear, some of these people sound like they just want to call in and talk and any advice Dave gives them just kind of lingers in the air and then they keep on talking..
She's doing well, but she keeps rambling on and on.
I can’t breathe just seeing the title of this video! How can people live with huge debt? People think debt is part of life but it’s not. It’s part of miserable life. Enhance your life by avoiding debt. 😊
What would kill ME is that 20 % on 70,000 are 14,000 PER YEAR. (if they "only" charge 15 % it is still 10,500). I mean for a biz or a mortgage that amount can be justified (at reasonable interest rates). But annually giving 14k to the vultures ??
70K isnt that much compared to some I've heard. At least she's doing something about it. I heard a guy once talk about something else, Dave asked how much CC debt he had - he answered very casually like he didn't care - 175k.
who cares if it's not as much as some other people she still has 70 freaking thousand dollars on cc debt. That's so much money
I love Dave! Playing with the debt collectors. What Fun!
I need to get financial advise. I owe $2,240 in card debt.🤣🤣. It's scary hearing these stories.
I can't fathom $70k in CC debt. Wow!
It's honestly incredible how well she's turning things around.
😂 “just slam the phone down!” Ha bye bye
A cell phone? Break a $300 screen
I'll say it until my lungs give out.... don't spend money if you don't have the money! Gonna take a while to fix but time to batten down the hatches and get to it. Good luck Carrie! :)
Oh Wow.. She makes $78,000 and is in all that credit debt ... WhooWeee.... Hopefully once she cleans it up she keeps it that way.
She made mistakes but she is killing it now. Great job and good for her!
This video lost me when he was trying to steer her to use Every Dollar instead of YNAB. A budgeting app is a budgeting app. She just started using it and tracking her spending, that's the important part. You don't take someone out of that ecosystem to force her to use your product instead. That's just sleezy sales and could set her back from progress if she doesn't click with it.
Would a Pepsi spokesperson endorse Coca-cola? He's well with his right to promote his business especially on his business's broadcast show
@@crooks_da_great7789 he is, and I have no issues with him telling people to use his app when they have no system in place. To tell her that what she's using is wrong doesn't help her, and it's not true, because fundamentally they're the same (zero based budget tracking). The act of tracking your spending is the important part, no matter how you do it. If she felt comfortable with ynab, she should keep using it. She can still follow Dave's advice in other areas and follow his traditional program.
And I’m over here using google sheets for free 😂😂😂
I listen to these ALL day at times. This was a very good informative call. I salute Dave and that teachable woman.
Snowball was my life saver.
I love these people that borrow sign loan agreements that clearly provide terms, they borrow money, they don’t pay it back and then claim THEY’RE the victims. Wrong! You may be paying crazy high interest, you may be getting collection calls, you may be getting sued - but YOU created this mess. If YOU lent someone money and they didn’t pay you back, you would go after them for it, too. I get tired of Dave acting like these lenders are in the wrong all the time when they’re just trying to get the money back that is legally owed to them.
I 100 percent totally agree with this comment very well said
This is common sense!!! When I have signed for anything they alway explain the terms, so I never understand this.
agree! I dont get why people do private sector loans at crazy high rates, maybe its desperation, could be stupidity, or addiction
Spot on
I had a cc debt $27,500. I paid off every penny.
It hurt. But it was my fault. No one else’s
Keep learning from your own mistakes...
Bought a house with $70k CC debt? How did she get a mortgage?
Sounds like she bought it then needed repairs
That ain't nothing, I had 161k in 2007 thanks to my ex-wife. Did I mention she's an ex now? It can be done, but it takes a lot of work and some time.
161??? In CC debt??? Bruh
@@writingonthewall3326 That is why you never get married.
@@wewhoareabouttodiesaluteyo9303 my wife is a champ... But i get your point fer sure
I have 1 800$ credit card which I use to pay my sons childcare 200$ a week get my cash back and it off at the end of the month. I don’t need more than that! How do you even get approved for this much ?
I would cry! I once met this pharmaceutical executive guy and he had all this stuff!!! And we were in his garage and he just told me man I was tired of not having anything lol!!!
Disagree with Dave's laughing at not paying the credit card companies and making them dance for your money. By using the card you made a promise to repay and if you don't shame on you. No laughing matter.
I've no sympathy for credit card companies. We're OK with them ripping off consumers, but not OK if a consumer rips them off?
If you can't afford it, you need to take care of yourself before taking care of the banks.
@@996rick if they rip u off
Call the law
Found Sir Dave, and im goin all in to payoff my debt this Christmas Bonus . thank you
YNAB is king
I feel bad for this lady. I wish her the best and everyone else in debt.
LOL. YNAB is better, she realised it, and announced it loud and proud to Dave, who is the competitor xD
How... like really How🤯🤯🤯... anyway you came to the right place to solve that financial nuke.
You’re a spammer too aren’t you.
I think if people run up debt then they should be held accountable for that debt. They made it happen.
Nah. Just settle with the companies
It is one thing to settle, but Dave kind of celebrates it sometimes. She did borrow the money. Not paying it back is theft. We all pay for it.
You don’t know if people actually need money for emergencies. Not everyone makes 200,000k a month. Chill out.
Yeah let’s bring back debtors prison 🙄 get off your high horse
I agree. My mom told me to file a proposal. I refuse. I ran it up, I'll pay it off
$70,000? I would have stopped at $5,000.
Just read the title, go ahead and cut those cards up
All debt is a JUNK DEBT!
Nope
except for a mortgage at 2.875%
@@xxxBradTxxx I got 2.65% lol
I would be a wreck with that much CC debt literally chocking on my own air everytime I breathe.
I cant believe people do this
She has more debt then i spend money in my life
I went from being super annoyed with this caller to super proud of her. I’m rooting for her.
Me too, it’s amazing how she picked her self up and getting out this mess.
This is inspiring! Working my way towards debt freedom right now. Love this story
Almost there!😮
Why didn’t he ask how much her house is worth? Maybe she could wipe this out by selling her house with how much markets have skyrocketed. I’m sure someone from CA would buy her house sight unseen
I agree with Ramsey on most things, but lets not encourage people to rack up debt and then do these dirty tactics.
"Biblical principles"
I'm 22 with 700 credit score and around 35k in investments and 2k in credit card debt. I'm I doing good in life?
What kind of friend told her to stop paying
her broke underemployed friend
Wth are people putting on their CC I feel guilty when I have 50 dollars on my card
Lol this lady really told Dave that his competitor YNAB is better than Every Dollar
I think it’s much more expensive though from what I remember
I never trust a budgeting app that wants my bank account information or access to my credit accounts. Gee, what could go wrong there? And my bank’s security dept would never let me be stupid enough to do that.
@@barbararepko4824 you can manually enter transactions. That's what I do. No link to any accounts.
@@barbararepko4824 That is an optional functionality nobody has to ever use. It's there for convenience for some users. Want to go full manual? That's YNAB's original model, and they do advocate for it.
It's about time somebody told him
I was in debt of about $100k sometime ago but I got out of it through forex trading
@Anita Wilson There are scammers but real brokers are out there for investors who wants to invest
@Ryan Pitt I trade with Francesca Wilson.
My first investment with Francesca Wilson gave me profit of over $24,000 dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
@Camila George how much did you start trading with her?
As a single mom it will be nice to make some extra cash. How do I reach her?
@Lucy Kander I think she does, that's what guarantees so much success in her trades
Wait until the the credit cards sue you , settle as fast as you can.
Who is in her corner to correct this bad behavior at 10k, 20k, even 30k in debt?
She put her coffee mug down when she heard the 70k lol
I can't believe Dave didn't mute this a lot sooner.
Ramsey could just show 90% of the people the same advice in prerecorded format. Rice and beans act like your broke af and grow up / make better choices.
Dave barely had to speak she's a boss taking control
Sell some of the stuff you bought with credit cards and pay it on your credit cards
Good advice; however, for some they pay medical bills with credit cards.
It's usually eating out.
You go girl!!
I had this much credit card debt. I did a cash out refinance on my home to consolidate it. I canceled the credit cards after that, waited for the home to increase more in value while saving cash then sold it. Best decision ever.
Yeah?
YNAB is amazing!
YNAB definitely has its advantages over EveryDollar... and I use EveryDollar! LOL!
Anyone else think Dave goes easier on females? If it was a guy, he'd be completely berated
She found a budgeting software that works for her? Let me tell her it sucks and to switch completely. Hope it sticks and that she doesn't lose the progress or drive she developed!
Credit card is not free money! Only use it if you have money in the bank to pay for your purchase. It’s common sense 🤦♂️
Down to the house balance! Yay!!!
Never take financial advise from a "friend".
I wish Dave would’ve said “as the interest rate went from 0 to 100 real quick” lol
My wife has her credit card with a $10,000.00 limit. He balance is $8,500.00. It makes me cringe. Yesterday I said I was going to cancel my one and only credit card that always has a zero balance each month. She went into panic mode saying don't do that. We may need it for an emergency..........Hum. I have a emergency fund for emergencies. She doesn't. Credit cards are a liability.
Or simply don't run debt on it. Available debt is a major part of your credit score, as well as age of accounts.
She can do this. Don't let collections scare you! The banks don't even give that much interest yet are so happy to charge you. Should be illegal.
Yes do it yourself!
Congrats Carrie! 👏🥂@10:40 just don’t mix up with The Great (Monetary) Reset into digital currency w/buzzwords like inclusive and green all over the news for 2021. 😉
"your going to mess with everyone of them"......really? Good luck with that.
“You the only one in America that have a phone number in the system that works everyone else doesn’t” CLASSIC
You could have saved money & gotten a "template" from the internet. I met with a lawyer years ago and realized they were going to charge me a ton of money. They think people are stupid. I did it myself
70k that's a lot of ranch dressing
I just need to pay off my house by 3031 and student loans. Thank you Dave and crew!
your payments must be tiny, where do I get one of these 1010 year loans?
Don't ask for money, if you can't pay it back. Simple, 😏
Cool story - that doesn't help folks already in debt
Woah! Almost spent her entire salary. $500 in credit card charges is eye opening but 70K! No way.
Way to go!
78k and you're struggling. You must be making lots of bad choices.