I Have $100K In Credit Card Debt
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 4 November 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Brought to you by the Every Dollar app. |
| 0:04.3 | Start budgeting for free today. |
| 0:06.2 | Well, I am pretty much on the edge of bankruptcy, I think. |
| 0:11.2 | I don't know whether I should go through with that or not. |
| 0:16.2 | I'm in quite a bit of credit card debt, which is pretty embarrassing because I've worked your debt snowball before. |
| 0:23.3 | I've read your books. |
| 0:25.2 | And I still find myself in this predicament. |
| 0:27.6 | So I've got about $100,000. |
| 0:32.7 | Well, I started a business and I've used my personal credit basically to fund the business. |
| 0:38.3 | So I'm in about $120,000 in debt total. |
| 0:43.3 | About $100,000 of that is credit card debt and $20,000 is an SBA loan from my first |
| 0:50.3 | business that didn't go too well during COVID. |
| 1:02.2 | So I'm kind of at the point where I'm trying to decide whether or not to throw the towel in on my business and, you know, get a regular job. |
| 1:05.1 | Maybe it probably declared bankruptcy because I don't think the payments are doable for me. |
| 1:14.6 | Or, you know, I'm kind of just lost at this point. |
| 1:16.6 | Scary. |
| 1:18.0 | How old are you? |
| 1:19.0 | Barry. |
| 1:19.9 | I am 37. |
| 1:22.1 | You married? |
| 1:23.8 | No. |
| 1:25.2 | Single. |
... |
Please login to see the full transcript.
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.
Copyright © Tapesearch 2026.