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The Ramsey Show Highlights

I Co-signed For A Car and Now They're Going To Prison

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 30 July 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.4

So I have a brother-in-law who is just a big, dumb animal.

0:14.0

And I love him dearly.

0:15.5

And he came to me and says, hey, I got 20 grand.

0:17.9

I'm going to put down on a car, but I need help.

0:20.1

Obviously, I need help. And I said, you got 20 grand? Okay'm going to put down on a car, but I need help. Obviously, I need help.

0:22.1

And I said, you got 20 grand? Okay, fine. I'll do it for you. So I co-sign for him. Oh, your big dumb, your big dumb brother-in-law is what you said? You got in the mud with this animal, my friend. We can't tell the two apart. We don't know who's dumb and who's smart.

0:17.5

I know.

0:18.8

And all I can hear in the background when I got done doing this is that is Dave saying, and reciting scripture to me, saying one who signed debt for another is stupid.

0:49.2

Yeah, that's the King James Bible. That sounds like him. I'm like, why did I do this?

0:53.9

And hell, not Dave.

0:55.0

God.

0:55.7

Yes.

0:56.2

So now I'm in the process of either.

0:59.0

So now I'm in the process of either just letting this go into a voluntary repossession, because I don't need it.

1:08.9

I don't want it.

1:16.6

And he's going away for a very long time on a vacation, an unwanted vacation. Is he going to prison?

1:18.6

Yes, yes.

1:19.6

Oh, boy.

1:20.6

Okay.

1:21.6

So, anyway, yeah, so now it's an $1,100 car payment. Goodness gracious.

...

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