I Cosigned 2 Cars For My Mom And Now They're Repossessed

The Ramsey Show

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 38.5K Ratings

🗓️ 16 February 2026

⏱️ 127 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 ⁠⁠⁠Have a money question? Ask Ramsey is here to help.⁠⁠⁠ 📈 ⁠⁠⁠Are you on track with the Baby Steps? Get a Free Personalized Plan.⁠⁠⁠ George Kamel and Jade Warshaw answer your questions and discuss: "I cosigned two cars with my mom that were then repossessed" "How do I get my husband to combine finances?" "Should I file for bankruptcy?" "How do I keep my child from being spoiled by the Trump account?" "How do I become okay with spending the money that I've been saving?" "Does it make sense for me to gift my son my house?". Next Steps: ✔️⁠⁠⁠⁠⁠ ⁠Help us make the show better. Please take this short survey.⁠⁠⁠⁠⁠⁠ 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or⁠⁠⁠⁠⁠ ⁠send us an email⁠⁠⁠⁠⁠. 💻 ⁠⁠⁠⁠⁠Need help with your taxes? See who we trust.⁠⁠⁠⁠⁠ 💵 ⁠⁠⁠⁠⁠⁠⁠Start your free budget today. Download the EveryDollar app!⁠⁠⁠⁠⁠⁠ 🚢 ⁠⁠⁠⁠⁠Set sail with Dave Ramsey. Book your cabin today.⁠⁠⁠⁠⁠ Connect With Our Sponsors: Get 10% off your first month of ⁠⁠⁠⁠⁠BetterHelp⁠⁠⁠⁠⁠ Go to ⁠⁠⁠⁠⁠Boost Mobile⁠⁠⁠⁠⁠ to switch today! Go to⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Casper Sleep⁠⁠⁠⁠⁠ and use promo code RAMSEY to learn more If you want your car to keep going and going, trust ⁠⁠⁠⁠⁠Christian Brothers Automotive⁠⁠⁠⁠⁠. Find a local shop and get an exclusive Ramsey discount of 10% off Learn more about⁠⁠⁠⁠⁠ Christian Healthcare Ministries⁠⁠⁠⁠⁠ Get started today with⁠⁠⁠⁠⁠ Churchill Mortgage⁠⁠⁠⁠⁠ Get 20% off when you join ⁠⁠⁠⁠⁠DeleteMe⁠⁠⁠⁠⁠ Go to⁠⁠⁠⁠⁠ FAIRWINDS Credit Union⁠⁠⁠⁠⁠ for an exclusive account bundle! Debt collectors hassling you? Take back control of your life at ⁠⁠⁠⁠⁠Guardian Litigation Group⁠⁠⁠⁠⁠ Find top health insurance plans at ⁠⁠⁠⁠⁠Health Trust Financial⁠⁠⁠⁠⁠ Use code RAMSEY to save 20% at ⁠⁠⁠⁠⁠Mama Bear Legal Forms⁠⁠⁠⁠⁠ Visit⁠⁠⁠⁠⁠ NetSuite⁠⁠⁠⁠⁠ today to learn more Get started with ⁠⁠⁠⁠⁠YRefy⁠⁠⁠⁠⁠ or call 844-2-RAMSEY Visit⁠⁠⁠⁠⁠ Zander Insurance⁠⁠⁠⁠⁠ for your free instant quote today! Explore more from Ramsey Network: 💸 ⁠⁠⁠⁠⁠The Ramsey Show Highlights⁠⁠⁠⁠⁠ 🧠 ⁠⁠⁠⁠⁠The Dr. John Delony Show⁠⁠⁠⁠⁠ 🍸 ⁠⁠⁠⁠⁠Smart Money Happy Hour⁠⁠⁠⁠⁠ 💡 ⁠⁠⁠⁠⁠The Rachel Cruze Show⁠⁠⁠⁠⁠ 💰 ⁠⁠⁠⁠⁠George Kamel⁠⁠⁠⁠⁠ 🪑 ⁠⁠⁠⁠⁠Front Row Seat with Ken Coleman⁠⁠⁠⁠⁠ 📈 ⁠⁠⁠⁠⁠EntreLeadership⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠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 Every Dollar app. Start budgeting for free today.
0:14.2	Normal is broke and common sense is weird, so we're here to help you transform your life.
0:20.3	From the Ramsey Network in the Fairwinds Credit Union Studio, this is The Ramsey Show.
0:25.8	I'm George Camel, joined by Ramsey personality, Jade Warshaw, and we're taking your calls
0:30.1	at AAA 825-5-225.
0:34.7	Arley's going to kick us off in New York City.
0:37.5	What's going on, Arley? Hello. Did I get that right? Is it Arley is going to kick us off in New York City. What's going on, Arley?
0:39.9	Hello.
0:40.5	Did I get that right?
0:41.1	Is it Arley?
0:42.5	Yes, it is Arley.
0:44.5	What's happening?
0:46.2	So, when I was around like 20 to 21 years old, I had a pretty good credit score of like 800,
0:57.8	and then my mom kind of guilt trip me into being a co-signer for one of her cars. And then the following year, there was a second
1:08.7	car that I was unknowingly signed into when we refinanced the first car.
1:16.2	And I think about two years after that, both cars have been repossessed.
1:22.7	Oh.
1:23.1	And the first car was, there's a judgment on that car.
1:28.2	And it's under my name.
1:29.8	Oh, boy.
1:30.4	And I guess.
1:32.0	And there's also a personal loan that my mom kind of made me take out around the same time.
	...

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