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The Ramsey Show Highlights

How Is Someone Even Allowed To Get 35 Credit Cards?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 2 January 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

📱Download your free Ramsey Network app today! 💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 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

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0:00.0

brought to you by the ramsay network app download today to go further with ramsie from the ramsay

0:09.3

network app we get our question from cori dave you recently took a call where the person had 35

0:14.0

credit cards how do the banks even allow someone to get that many cards. Actually a good question, Corey.

0:22.5

That's sweet that you are naive enough to think that the banks even think.

0:30.0

That's sweet, that you would think common sense would enter into this transaction.

0:34.1

That's so sweet, Corey.

0:36.1

No, it doesn't. And, you know, this is the same kind of mentality,

0:41.8

Corey, that you've got that people say, well, I must be able to handle the payment or they

0:47.0

wouldn't have given it to me. No, they'll give it to you. Whatever the payment is. They'll

0:53.7

approve you for the loan way beyond. 18-year-old, $200, yeah. Whatever the payment is. They'll approve you for the loan way beyond.

0:56.1

18-year-old, $200,000 in loans for college.

1:00.5

Sure, sure, right?

1:01.8

Yeah.

1:02.0

They just, they just, I'll hand it to you.

1:04.6

So, Corey, the most aggressively, here's an interesting fact.

1:08.8

Let's just take it even a step back further.

1:12.0

We now at this moment in 2024, in America, the United States, live in the most marketed to, sold to culture in the history of the world.

1:30.3

In the history of the human race, you will receive more marketing impressions on your ears and eyes and brain in this coming calendar year than any set of humans ever has

1:48.5

in history.

1:51.0

That's pretty interesting when you think about it.

1:53.5

And when you are sold that much stuff, people buy that much stuff.

1:58.7

And among the most marketed to group of people in the history of the human race,

...

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