Can I Keep Using My Credit Card?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 18 October 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, & Kristina Ellis. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.6	Let's go to Tina in Los Angeles.
0:13.1	What's up, Tina?
0:13.9	How are you?
0:15.2	Good. How are you?
0:16.4	Oh, doing well.
0:17.8	Good, good, good. What's up?
0:19.1	So I was wondering, should I keep using my credit cards and building up my credit score?
0:25.9	I pay them off right away.
0:27.8	So I just, should I keep using those?
0:29.6	And then also, I've been contributing to my 401K for almost 10 years now since I started working at my current job.
0:38.3	And should I keep contributing that or contributing to that or should I stop?
0:42.4	How much debt are you in, Tina?
0:44.7	Well, along with my car, I'm about 30,000 in debt.
0:50.1	Okay.
0:50.6	What other debt do you have other than the car?
0:53.2	Just the car and like a couple of credit cards. Okay. But the credit cards are very small, yeah. Okay. What other debt do you have other than the car? Just the car and like a couple of credit cards.
0:55.6	Okay.
0:56.1	But the credit cards are very small, yeah.
0:57.8	Okay. So to answer your first question, no, you should not continue to use the credit
1:02.8	card to build your score. Let me ask you why you want to build the score.
1:08.2	It's just financial advice from my parents. It was like, you know, yeah, cash is good to have,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.