This is the Ramsey Call of the Day, part of the Ramsey Network.

Johnny is kicking us off in Denver, Colorado.

Johnny, welcome to the show.

Hi, guys.

Thank you so much for having me.

Absolutely.

What's going on with you?

Well, to keep it simple, I have about $40,000 in

credit card debt that I'm looking to erase as soon as possible. But it's really difficult because I

only make around $45,000 after tax. And I owe so much credit card debt and all my credit cards

are over the limit that the interest alone

is almost the exact amount of any minimum payments I'm able to make on a monthly basis.

So just as of right now, I just don't know how I'm ever going to even make a dent in this

because any payments I do make the interest all but absorbs it and I make like no progress.

What is the range of the interest rates on these cards?

There are 25 to 29%.

Oh my goodness. I'm so sorry. What are you doing for work?

I am an appraiser, just like a valuation analyst for commercial real estate.

Can you work overtime in that role?

It's a salaried position, so it's a full-time gig already.

I work like maybe 40 to 50 hours a week, but it's salaried.

So 25% of my overall earnings are going towards like benefits, insurance, 401k savings,

...